PENGARUH RASIO KEUANGAN TERHADAP HARGA SAHAM PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR DI BEI

Abstract

This research is meant to find out the financial ratio which consists of current ratio, return on investment, debt to equity ratio, and earning per share to the stock price. The population is the companies which are engaged in the field of telecommunication which are listed in Indonesia Stock Exchange and 6 companies have been selected as samples. The analysis technique is done by using the multiple regressions analysis. The result of this research shows that simultaneously the current ratio, return on investment, debt to equity ratio, and earning per share have significant influence to the stock price. This result indicates that the models which have been used are feasible to be used in predicting to the stock price. This condition is also supported by the rates of correlation coefficient 79.6% which show that the correlation among independent variables to the stock price is strong. The result of partial test shows that from 4 variables which have been used as the research models i.e.: Current ratio, return on investment, debt to equity ratio, and earning per share, only return on investment and earning per share variables which show significant influence to the stock price. It is indicated by the significance value which has been generated by these variables are smaller than the level of α = 5%. Meanwhile, the current ratio and debt to equity ratio variables do not have any significant influence to the stock price.
Keywords: Current Ratio, Return On investment, Debt To Equity Ratio, Earning Per Share, and Stock Price.