PENGARUH LIKUIDITAS, KEBIJAKAN DIVIDEN DAN UKURAN PERUSAHAAN TERHADAP HARGA SAHAM PERUSAHAAN LQ-45 DI BURSA EFEK INDONESIA

Abstract

This research aimed to examine the effect of liquidity (Current Ratio), dividend policy (Dividend Payout Ratio) and firm size (SIZE) on the stockprice of companies listed on the Indonesia Stock Exchange during 2019-2021. Moreover, the population was 45 LQ-45 index companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used purposive sampling. In line with that, there were 14 companies that fulfilled the criteria as the sample. Furthermore, the observation period was 3 years. The data were secondary, which were taken from companies’ financial statements. Additionally, the data analysis technique used multiple linear regression with SPSS.The result of the hypothesis test (t-test) showed that liquidity (Current Ratio) and firm size (Size) had a positive and significant effect on the stock price of LQ- 45 companies. On the other hand, dividend policy (Dividend Payout Ratio) had a positive but insignificant effect on the stock price of LQ-45 companies.