PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BEI

Abstract

This research aims to determine the influence of financial performance on stock prices by using the variable Current Ratio, Inventory Turnover, Debt to Equity Ratio, Return On Equity, Earning Per Share at pharmaceutical companies which listed on the Indonesia Stock Exchange. The sample in this research is obtained by using purposive sampling method done at pharmaceutical company which listed in Indonesia Stock Exchange (BEI) in year 2011-2015 and based on predetermined criterion, 7 samples of pharmaceutical company are obtained. The analytical method used is multiple linear regression analysis using SPSS application tool version 21. Based on the test by using Model Feasibility Test (Test F) known that regression model is feasible to be used. The result of t test analysis, Current Ratio, Inventory Turnover, Debt to Equity Ratio, and Return On Equity have significant influence, while Earning Per Share has no significant influences to stock price at pharmaceutical company which listed in the Indonesia Stock Exchange.
Keywords: financial performance, stock price, current ratio, inventory turnover, debt to equity ratio