PENGARUH LIKUIDITAS, PROFITABILITAS, DAN LEVERAGE TERHADAP HARGA SAHAM PERUSAHAAN SUBSEKTOR FARMASI DI BEI PERIODE 2017-2021

Abstract

This research aimed to find out, examine, and analyze the effect of liquidity, profitability, and leverage on the stock price of Pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange 2017-2021. Moreover, the data weresecondary, in theformof financialstatementslisted on IDX Furthermore, liquidity was measured by the CR, profitability was measured by ROA, and Leverage was measured by DER. The research was quantitative. Moreover, the data collection technique used purposive sampling. In line with that, there were 7 samples from 11 pharmaceutical companies listed on the Indonesia Stock Exchange. Additionally, the data analysis technique used multiple regression analysis, classical assumption test, proper model test, and hypothesis test with SPSS (Statistical Product and Service Solution) 27 version. In addition, the research result indicated that both liquidity and profitability had a significant effect on the stock price of Pharmaceutical sub-sector companies. On the other hand, leverage had an insignificant effect on the stock price of Pharmaceutical sub-sector companies. the R- Square value was 0,321. It meant the effect of CR, ROA, And DER, contributed for about 32,1% to the stock price. Meanwhile, 67,9% were affected byother variables outside the research.