PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PADA PERUSAHAAN ROKOK DI BEI

Abstract

This research finds out the effect of financial performance on the stock price through annual financial
statements prepared by cigarettes company listed on Indonesia Stock Exchange (IDX) in the 2017-
2020 periods. The research sample collection used purposive sampling. From all cigarettes
companies listed on IDX, there were only three companies by sample criteria. Furthermore, the
research methodology used quantitative method and for the data analysis of this research used
multiple linear regressions analysis preceded by classical assumption test consisting of normality test,
multicollinearity test, heteroscedasticity test, and autocorrelation test. Moreover, the hypothesis test
used model feasibility test (F test) and t-test, with the instrument of SPSS Software version 22.
Research results on the cigarettes company showed that the Current Ratio had a negative and
insignificant effect, Return on Assets had insignificantly negative, Earning per Share had positive and
significant, and Net Profit Margin had insignificantly positive.