PENGARUH KINERJA KEUANGAN PADA RESPON INVESTOR

Abstract

This research aimed to examine the effect of financial performance on the investors' responses. The financial performance was measured by Current Ratio (CR), Debt to Equity Ratio (DER), Return on Equity (ROE), and Earnings Per Share (EPS). While the investors’ responses was measured by stock price. Furthermore, the population was Food and Beverage companies that were listed on the Indonesia Stock Exchange (IDX). Moreover, the data collection technique used purposive sampling. In line with that, there were 12 companies as the sample with 48 observations during 2017-2020. In addition, the data analysis technique used multiple linear regression. As the result, it concluded that: (a) Current Ratio (CR) did not affect the stock price. (b) Debt to Equity Ratio (DER) did not affect the stock price (c) Return on Equity (ROE) had a positive effect on the stock price, and (d) Earnings Per Share (EPS) had a positive effect on the stock price.