PENGARUH RENTABILITAS, LIKUIDITAS, DAN KEBIJAKAN DIVIDEN TERHADAP HARGA SAHAM PADA PERUSAHAAN PROPERTY DAN REAL ESTATE

Abstract

This research aimed to find out and analyze the effect of rentability (NPM), liquidity (CR), and dividend policy (DPR) on the stock price of Property and Real Estate companies listed on the Indonesia Stock Exchange 2017-2021. The data collection technique used purposive sampling, In line with that, there were 8 companies that fulfilled the criteria as the sample. Moreover, the data analysis technique used multiple linear regression with SPSS 25. The result of the hypothesis test (t-test) showed that rentability (NPM) as well as dividend policy (DPR) had a significantly positive effect on the stock price of Property and Real Estate companies. On the other hand, liquidity (CR) had a positive but an insignificant effect on the stock price of Property and Real Estate companies. Furthermore, the result of the determination coefficient (R Square) was 0.562. This meant the effect of rentability (NPM), liquidity (CR), and dividend policy (DPR) on the stock price was about 56.2%, While the rest of 43.8% was affected by other variables outside the research.