PENGARUH LIKUIDITAS, PROFITABILITAS, DAN LEVERAGE TERHADAP HARGA SAHAM PADA PERUSAHAAN PROPERTY AND REAL ESTATE YANG TERDAFTAR DI BEI PERIODE 2016-2020

Abstract

This research aimed to analyze the effect of liquidity, profitability, and leverage on stock price of
Property and Real Estate companies which were listed on Indonesia Stock Exchange (IDX) during
2016-2020. While the independent variables were liquidity which was measured by Current Ratio
(CR), profitability which was measured by Return On Asset (ROA), and leverage which was measured
by Debt to Equity Ratio (DER). Meanwhile, the dependent variable was stock price which was used at
Closing Price. The research was quantitative. Moreover, the data collection technique used purposive
sampling. In line with that, there were 10 companies from 51 Property and Real Estate companies
which fulfilled the criteria as the research sample. Furthermore, the data analysis technique used
multiple linear regression with SPSS 25. The research result concluded that liquidity had an
insignificant effect on stock price. On the other hand, profitability had a significant effect on stock price.
In contrast, leverage had an insignificant effect on stock price.