PENGARUH PROFITABILITAS, LIKUIDITAS DAN LEVERAGE TERHADAP HARGA SAHAM

Abstract

This study aims to analyze the impact of profitability, liquidity, and leverage to the stock price of food and beverage companies which are registered in Indonesia Stock Exchange 2015-2019. This study is quantitative research which applies food and beverages companies as the population. There are 27 food and beverage companies which are registered in Indonesia Stock Exchange2015-2019. This study applies purposive sampling for collecting the samples. The study collects 13 companies. The analysis applies multiple linear regression. The result of the coefficient determination (R2) is 0,517 or 51,7% which shows the impact of the independent variable (profitability, liquidity, leverage) toward dependent variable (stock price) of the food and beverages companies which are registered in Indonesia Stock Exchange. The impact is 51,7% while rest is 48,3% which is impacted by other variables. The result of the hypothesis test shows that the profitability gives positive and significant impat to the stock price, the liquidity gives negative and insignificant impact to the stock price, while the leverage gives positive and significant impact to the stock price.
Keywords: profitability, liquidity, leverage, stock price