PENGARUH STRUKTUR MODAL, PROFITABILITAS DAN KEBIJAKAN DIVIDEN TERHADAP HARGA SAHAM PERUSAHAAN FOOD AND BEVERAGE

Abstract

This research is meant to examine the influence of capital structure, profitability and dividend policy to the stock price onfood and beverages companies which are listed in Indonesia Stock Exchange (IDX). The research samples have been selected by using purposive sampling technique to the 13 food and beverages companies have been published the financial statement and active stocks which have been traded at Indonesia Stock Exchange (IDX) in 2010-2014 periods, so that there are 65 financial statements whichhave met the sample criteria. The data analysis has been carried out by using multiple linear regressions analysis with the independent variable: capital structure (DER), profitability (ROA) and dividend policy(DPR), and the dependent variable: stock price (Closing Price). The results of the study found that variables: Capital structure (DER) has a significant positive influence on stock prices (Closing Price) means that the high capital structure influences shareholder decisions in increasing stock prices. Profitability (ROA) has a significant positive influence on stock prices (Closing Price) means that every increase in the profitability of a food and beverages company, it causes the stock price will increase. And dividend policy (House of Representatives) have a significant positive influence on stock price (Closing Price) means to indicate that every increase in dividend policy of a food and beverages company, it causes the stock price will increase.
Keywords: Capital structure, profitability, dividend policy, stock price.