PENGARUH LIKUIDITAS, SOLVABILITAS DAN PROFITABILITAS TERHADAP HARGA SAHAM PADA SEKTOR FOOD AND BEVERAGES

Abstract

This research aimed to examine the effect of liquidity which was referred to Current Ratio (CR),
solvability was referred to Debt to Equity Ratio (DER), and profitability was referred to Return on
Equity (ROE); on stock price of Food and Beverages companies which were listed on Indonesia
Stock Exchange 2016-2020. The research was causal-comparative. While, the data were secondary
in which the other parties, namely Indonesia Stock Exchange, collected them. Moreover, the data
collection technique used purposive sampling with 25 Food and Beverages companies as the
population. In line with that, there were 10 samples which fulfilled the criteria. Furthermore, the data
analysis technique used multiple linear regression. The hypothesis test result concluded that CR had
a negative and insignificant effect on stock price. Likewise, DER had a negative and insignificant
effect on stock price. On the other hand, ROA had a positive and significant effect on stock price.