PENGARUH KINERJA KEUANGAN DAN ECONOMIC VALUE ADDED TERHADAP HARGA SAHAM

Abstract

Investor's decision will be confident when investing in a company if it has good and sustainable financial
performance and economic value that is promising in the future. The purpose of this research is to examine the
effect of liquidity, profitability, solvency, and economic value added on stock prices. This research is a
quantitative study with the population used in this study is LQ-45 companies listed on the Indonesia Stock
Exchange (IDX) during the 2015-2018 period. With themethod purposive sampling obtained 17companies as
research samples. So that the total observations during 2015-2018 were 68 observations. The analysis technique
used in this research is multiple regression analysis techniques that are processed using the Statistical Product
and Service Solution (SPSS) program 23. The results of the study show that: (1). Liquidity which referred to
current ratio had negative effect on stock prices, (2). Profitability which referred to return on equity had affected
stock price, (3). Solvability which referred to debt to equity ratio had negative effect on stock prices, (4).
Economic Value Added had no effect on stock prices.
Keywords: financial performance, economic value added, stock prices