PENGARUH LEVERAGE, PRICE EARNING, DIVIDEND PAYOUT TERHADAP HARGA SAHAM PADA PERUSAHAAN OTOMOTIF

Abstract

This research is meant to find out the influence of leverage ratio, price earnings ratio, and dividend
payout ratio partially to the stock price.The research data is using secondary data which is obtained
from automotive companies which are listed in the Indonesia Stock Exchange and it is analyzed by
using regression analysis. The population is twelve automotive companies which are listed in
Indonesia Stock Exchange. The sample collection technique has been done by using purposive
sampling. The numbers of samples which have been obtained are eight automotive companies in 20112014
periods.
The
statistic
technique
has
been
done
by
using
multiple
linear
regressions.The
result
of

the

research shows that partially leverage ratio, price earnings ratio, and dividend payout ratio
variables have influence or not to the stock price variable. This result indicates that the fluctuation of
stock price in the automotive companies in Indonesia Stock Exchange is depend on the fluctuation to
the leverage ratio, price earnings ratio, and dividend payout ratio which are owned by these
companies.The result of the research shows that leverage ratio has significant and positive influence to
the stock price, price earnings ratio does not have any significant influence to the stock price, and
dividend payout ratio does not have any significant influence to the stock price.

Keywords: Leverage Ratio, Price Earnings Ratio, Dividend Payout Ratio.