PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PADA PERUSAHAAN OTOMOTIF

Abstract

The purpose of this research is to test the influence of financial performance to the stock price on the
automotive companies which are listed in Indonesia Stock Exchange which has 2010-2014 periods’
financial statement. This research applies financial ratios as the measuring instrument i.e. Current
Ratio (CR), Earning per Share (EPS), Price Earning Ratio (PER), Return on Equity (ROE), Debt to
Equity Ratio (DER) and Total Asset Turn Over (TATO). The sample collection is done by using
purposive sampling method and the samples are 7 automotive companies with the observation period
during 2010-2014, so 35 observation data have been obtained. The source of secondary data in this
research comes from Indonesia Stock Exchange. The data analysis technique has been done by using
multiple linear regressions.The result of this research shows that the EPS and PER variables have
significant influence to the stock price whereas the CR, ROE, DER and TATO variables do not have
any significant influence to the stock price. It can be concluded that the result of partial coefficient
determination that EPS has dominant influence to the change of stock price because its partial
coefficient determination is the highest.

Keywords:Financial Performance, Share Price, and Multiple Linear Regressions.