PENGARUH PROFITABILITAS, SOLVABILITAS, DAN LIKUIDITAS TERHADAP HARGA SAHAM PADA PERUSAHAAN FOOD AND BEVERAGE

Abstract

This research examines the effect of profitability, solvability, and liquidity on the stock price of the food and beverage companies listed on the Indonesia Stock Exchange (IDX) during 2020-2023. The stock price was a proxy by closing price, the profitability was a proxy by return on asset (ROA), solvability was a proxy with debt to equity ratio (DER), and also liquidity was a proxy with current ratio (CR). The research applies quantitatively. The population consists of 95 Food and Beverage companies listed on the Indonesia Stock Exchange (IDX) during 2020- 2023. Moreover, the data collection technique used a purposive sampling method, i.e., a sample collection with specific criteria. In line with that, 31 Food and Beverage companies were obtained as a sample. The data were secondary and taken from the company's financial statements. The data analysis technique used multiple linear regression analysis with the SPSS application. The result shows that profitability has a positive and significant effect on the stock price of the food and beverage companies. However, solvability has a negative effect on the stock price of the food and beverage companies. Meanwhile, liquidity does not affect the stock price of the food and beverage companies listed on the Indonesia Stock Exchange 2020-2023.