PENGARUH KINERJA KEUANGAN TERHADAP RESPON INVESTOR PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BEI

Abstract

This research aimed to examine the effect of financial performance which was measured by profitability referred to Return On Equity (ROE), liquidity referred to Current Ratio (CR), leverage referred to Debt to Equity Ratio (DER), and solvability referred to Total Asset Turnover (TAT) on investors’ response which was measured by stock price. The population was Food and Beverages companies which were listed on Indonesia Stock Exchange (IDX) during 2016-2020. The research was correlational-quantitative. Moreover, the data were secondary which were taken from the database of Gallery of Investment of Indonesia Stock Exchange. Furthermore, the data collection technique used purposive sampling. In line with that, there were 60 observation data from 12 companies during 5 years. Additionally, the data analysis technique used multiple linear regression with SPSS. The research result concluded that ROE had a positive effect on stock price. On the other hand, CR did not affect stock price. Likewise, DER did not affect stock price. In contrast, TAT had a positive effect on stock price.