PENGARUH KINERJA KEUANGAN DAN PERTUMBUHAN PENJUALAN TERHADAP HARGA SAHAM

Abstract

An investment’s decision will be accurate when company has its financial perfrmance also developed and sustainable sales. As consequence, the investors aimed to examine the effect of profitability, solvability, dividend policy and sales growth on the stock price. Moreover, the population was some property, real estate, and building construction companies which were listed on Indonesia Stock Exchange (IDX) 2016-2018. The research was quantitative. While the data collection technique used purposive sampling. In line with, there were 66 of companies data as sample. Furthermore, the data analysis technique used multiple regression analysis with Statistical Product and Service Solution (SPSS) 23. The research result concluded as follows: a) Profitability which was referred to Net Profit Margin had positive effect on the stock price, (b) Solvability which was referred to Debt To Asset Ratio had negative effect on the stock price, (c) Dividend policy which was referred to Dividend Payout Ratio did not affect the stock price, and (d) Sales Growth had positive effect on the stock price.
Keywords: financial performance, sales growth, stock price