PENGARUH VARIABEL FUNDAMENTAL TERHADAP HARGA SAHAM PERUSAHAAN GO PUBLIC DI BURSA EFEK INDONESIA

Abstract

This research was conducted to analyze the effect of fundamental variables on stock prices go public companies for the period 2012-2016. The fundamental variables used in this research are sales growth, return on equity, debt to equity ratio, current ratio, total asset turnover, price earning ratio and earnings per share. Sampling technique is purposive sampling at go public company listed in IDX during 2012 until 2016. The sample in this research is taken from the financial sector as much as 69 companies so that amounted to 345 samples. Data analysis method used is multiple linear regression analysis. The results of this research indicates that the hypothesis received is the variable sales growth, return on equity, price earnings ratio and earnings per share significant effect on stock prices. While the rejected hypothesis is the variable debt to equity ratio, current ratio and total asset turnover does not influenced the stock price. With adjusted R2 value equal to 0,604 or 60,4% which means can be explained by variable of sales growth, return on equity, debt to equity ratio, current ratio, total asset turnover, price earning ratio and earnings per share and the rest 39,6% other variables outside of this research model.
Keywords: fundamental variables, stock price, go public