PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PADA PERUSAHAAN LQ45 PERIODE 2012-2016

Abstract

This research aims to analyze the influence of Current Ratio, Return on Asset and Debt to Equity Ratio to stock prices at manufacturing companies which listed in LQ45 period 2012-2016. The data analyzed is secondary data in the form of company financial statement data. The object of this research is the company that belongs to LQ45 group. LQ45 is the 45 companies that have the highest liquidity stocks that have passed some selection criteria and always monitored the development routinely by BEI, so it can be ascertained 45 companies have financial condition and good financial growth prospects that make LQ45 stock much in demand and made a choice invest by investors. The population in this research was obtained by using purposive sampling technique with the number of samples used by 8 manufacturing companies listed in LQ45 during the period 2012-2016. The analysis method used is multiple linear regression analysis. The results showed that the variable Current Ratio and Return on Asset have a positive and significant influence on stock prices. While the Debt to Equity Ratio variable has a negative and insignificant influence on the stock price.
Keywords: Current Ratio, Return On Asset, Debt to Equity Ratio, and Stock Price.