Pengaruh Kinerja Keuangan Terhadap Harga Saham pada Perusahaan Telekomunikasi yang terdaftar di BEI

Abstract

The purpose of this research is to find out the influence of financial performance which is measured by using
current Ratio, debt to equity ratio, net profit margin, price earnings ratio, and return on equity to the stock price
on telecommunication companieswhich are listed in Indonesia Stock Exchange (IDX) STIESIA. The samplesare
5
telecommunication companies. The method of this research has been carried out by using quantitative and
multiple linear regressions analysis technique. The result of the test shows that simultaneously the financial
performance which consists of the variables of current ratio, debt to equity ratio, net profit margin, price
earnings ratio, return on equity have significant influence to the stock price of telecommunication
companieswhich are listed in the STIESIA Surabaya IDX, it means that the simultaneous correlation between
the independent variables to the stock price is firm. The result of partial coefficient determination shows that the
variable has dominant influence to the stock price which is return on equity. The result of this research
supported by Kasmir (2015:204), stated that when the value of return on equity increases, it means the company
is able to generate large profit from the ownership of the corporate capital to the stakeholders. On the contrary,
whenthe return on equity decreases, it means that the company generate small profit. This statement is
supported by the result of the research of Anindya (2015), which stated that return on equity has dominant
influence to the stock price on the plantation companies which are listed in Indonesia Stock Exchange (IDX) in
2008-2012 periods.

Keywords: Current ratio, debt to equity ratio, net profit margin, price earning ratio, return on equity.