PENGARUH CR, DER DAN NPM TERHADAP HARGA SAHAM PERBANKAN YANG TERGABUNG DALAM INDEKS LQ45

Abstract

This research aimed to examine the effect of Current Ratio, Debt to Equity Ratio (DER), and Net Profit Margin (NPM) on the shares price of some banking companies which were included on index LQ45 during 2013-2018. While, the population was 5 banking companies which were included on the LQ45 index during 2013-2018. The research was casual-comparative. Moreover, the data collection technique used purposive sampling, in which the sample was based on criteria given. Furthermore, the data analysis technique used multiple linear regression with SPSS 22. The research result concluded Current Ratio and Debt to Equity Ratio had negative and insignificant effect on the shares price. On the other hand, Net Profit Margin had positive and significant effect on the shares price. In addition, fom coefficient determination (R-square), it showed all three variables had dominant effect of 77.7% on the shares price. Meanwhile, the rest of 22.3% was affected by other variables which outside this research.
keywords: current ratio, debt to equity ratio, net profit margin, harga saham