PENGARUH KINERJA KEUANGAN, KEBIJAKAN DIVIDEN, DAN UKURAN PERUSAHAAN TERHADAP HARGA SAHAM (STUDI PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA)

Abstract

This research aimed to examine the effect of financial performance (ROI, ROE, EPS), dividend policy (DPR), and firm size (TA) on the stock price of LQ-45 companies which were listed on the Indonesia Stock Exchange (IDX) during 20182020. The research was quantitative. Moreover, the population was 45 LQ-45 companies that were listed on Indonesia Stock Exchange (IDX) from 2018-to 2020. Furthermore, the data collection technique used purposive sampling. In line with that, there were 26 samples of companies that fulfilled the criteria given. While within 3 years of observation, the samples became 78 data. Additionally, as there were 36 outliers data, the end samples became 42 data. In addition, the data analysis technique used multiple linear regression. The research result concluded that financial performance which was referred to as Return On Investment (ROI) and Earning Per Share (EPS), and firm size which was referred to as Total Asset (TA) had a positive effect on the stock price. On the other hand, a financial performance which was referred to Return On Equity (ROE) had a negative effect on the stock price. In contrast, the dividend policy which was referred to as the Dividend Payout Ratio (DPR) did not affect the stock price.