PENGARUH CR, DER DAN ROE TERHADAP HARGA SAHAM

Abstract

This research is aimed to find out the influence of current ratio, debt to equity ratio and return on equity to the stock
price of LQ45 in Indonesian Stock Exchange (IDX) in 2011 to 2015 period both partial and simultaneous. The
research object is all companies which are incorporated in LQ45. LQ45 is 45 companies which have stock with the
highest liquidity which have passed several criteria selections and their development have been monitored by
Indonesia Stock Exchangeso it can be ensuredthat these 45 companies have the financial condition and financial
growth prospects that makes LQ45 is interested and selected by investors to invest their capital. The sample
collection has been conducted by using purposive sampling method and the numbers of samplesare 7 manufacturing
companies which are listed in LQ45 on IDX with the observation in 2011-2015 periods. The source of Secondary
data has been obtained from the IDX. The data has been analayzed by using multiple linear regression analysis.
Based on the resultof the analysis which has been generated by partial test it shows current ratio give significant and
negative influenceto the stock priceswhereas debt to equity ratio and return on equity give significant and positive
influence to the share price of LQ45 in the IDX.

Keywords: current ratio, debt to equity ratio, return on equity and stock price.