PENGARUH RASIO KEUANGAN TERHADAP HARGA SAHAM PADA PERUSAHAAN FARMASI DI BEI

Abstract

This research is meant to test the influence of financial ratio to the stock price in the pharmaceutical companieswhich are listed in IDX in 2012-2014 periods. Financial ratio which consists of i.e.: current ratio, debt to equity ratio, debt to asset ratio, return on equity andearnings per shareis employed in this research. The multiple linear regressions analysis is employedas the method of research. The hypothesis test appliesmodel feasibility test (F test) and it is stated that it is suitable to measure the independent variables which consist of current ratio, debt to equity ratio, debt to asset ratio, return on equity and earnings per share to the dependent variable which is the stock price of pharmaceutical companies.The result of regressions analysis of t test i.e.: current ratio, debt to asset ratio, return on equity and earnings per share has significant influence to the stock price. Meanwhile, debt to equity ratio does not have any influence to the stock price. The coefficient determination (R2) is 0.951 it shows that 95.1% of the stock price can be explained by current ratio, debt to equity ratio, debt to asset ratio, return on equity and earning per share.
Keywords: Current Ratio, Debt to Equity Ratio, Debt to Asset Ratio, Return On Equity, Earning Per Share.