PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PADA PERUSAHAAN LQ45

Abstract

This research aimed to examine the effect of financial performance on the stock price. The financial performance was measured by the Liquidity (CR), Market Ratio (EPS), Profitability (NPM), and Leverage (DER). The research was quantitative. Moreover, the population was LQ-45 companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used purposive sampling i.e., a sample selection with determined criteria. In line with that, 25 LQ-45 companies were the sample. Furthermore, the data was taken during 3 years (2020-2022). In total, there were 75 data samples. Additionally, the data analysis technique used multiple linear regressions with the SPSS 26 version. The result showed that liquidity with a score of B value at -0.296 and a significance of 0.034. It meant the liquidity had a negative effect on the stock price. Market Ratio with a score of B value at 0.702 and a significance of 0,000. It meant the market ratio had a positive effect on the stock price. Profitability with a score of B value at 0.025 and a significance of 0.776. It meant the profitability did not affect the stock price. Leverage with a score of B value at -0.165 and a significance of 0.039. It meant the leverage had a negative effect on the stock price.