PENGARUH CR, DER DAN ROE TERHADAP HARGA SAHAM SEKTOR PROPERTY PADA BEI

Abstract

This research aimed to find out and analyze the effect of liquidity, solvability, and profitability on the stock price of the Property and Real Estate companies listed on the Indonesia Stock Exchange during 2017-2020. Furthermore, the independent variables were liquidity which was measured by Current Ratio (CR), solvability which was measured by Debt to Equity Ratio (DER), and profitability which was measured by Return on Equity (ROE). While the dependent variable was the stock price, which was used closing price at the end of the year.The research was quantitative. Moreover, the population was 36 Property and Real Estate companies listed on the Indonesia Stock Exchange during 2017- 2020. The data collection technique used purposive sampling. In line with that, there were 10 companies that fulfilled the determined criteria as the sample. Additionally, the data analysis technique used multiple regression, classical assumption test, proper model test, and hypothesis test. In addition, the instrument used SPSS (Statistical Product and Service Solution) 26 version.The hypothesis test showed that both liquidity and solvability had a significant effect on the stock price. On the other hand, profitability had an insignificant effect on the stock price.