PENGARUH STRUKTUR MODAL, KINERJA KEUANGAN, DAN UKURAN PERUSAHAAN TERHADAP HARGA SAHAM

Abstract

Stock is one of the instruments of capital market which mostly wants by investor since it can increase good
profit. The research aimed to find out the effect of capital structur, financial performance and firm size on stock
price. The research was quantitive. While, the data collection technique used purposive sampling. Moreover,
there were 46 samples from 11 Food and Beverages companies which were listed on Indonesia Stock Exchange
2014-2018. Furthermore, the data analysis technique used multiple linier regression with SPSS 23. The research
result concluded capital structure had negative and insignificant effect on stock price. This meant, how big or
small the DER did not affect stock price when company had history of debt payable properly. On the other hand,
the financial performance had positive and significant effect on stock price. It meant, the higher the probability,
the higher the stock price. Likewise, firm size had positive and significant affect on stock price. This showed the
increase of company asset outlines how company had higher guarantee. Consequently, the risk of bankruptcy
was decreased.
Keywords: capital structure, financial performances, firm size