PENGARUH KINERJA KEUANGAN TERHADAP PERUBAHAN HARGA SAHAM PADA PERUSAHAAN TELEKOMUNIKASI DI BEI

Abstract

The purpose of this research is to find out the influence of current ratio, total asset turnover, debt to equity ratio,
return on investment, and price earnings ratio to the changes in stock price on the telecommunication companies
which are listed in IDX in 2009-2013 periods. The sample collection has been carried out by using purposive
sampling method and the samples are 6 telecommunication companies with observation period in 2009-2013, so
30 observation data have been obtained. The sources of the secondary data in this research come from Indonesia
Stock Exchange. The multiple linear regressions are used as the data analysis technique. Based on the result of the
analysis it generates Current Ratio does not have any significant influence to the changes in stock price on the
telecommunication companies in Indonesia Stock Exchange, Total Asset Turnover has significant influence to the
changes in stock price on the telecommunication companies in Indonesia Stock Exchange, Debt to Equity Ratio
does not have any significant influence to the changes in stock price on the telecommunication companies in
Indonesia Stock Exchange, Return on Investment does not have any significant influence to the changes of stock
price on the telecommunication companies in Indonesia Stock Exchange, Price Earnings Ratio does not have any
significant to the changes in stock price on the telecommunication companies in Indonesia Stock Exchange, Total
Asset Turnover has dominant influence to the changes of stock price since its value of partial determination
coefficient is the highest.
Keywords: Financial Performance, Stock Price and Multiple Linear Regressions.