PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PADA PERUSAHAAN INDUSTRI KIMIA DI BEI

Abstract

Information about the financial performance of the company is one of important information that can be considered by investors in taking investment decisions. The company's financial performance is generally assessed by comparison of the ratio of the fundamental elements within the company. This research focuses only on the analysis of financial performance and its effect on stock prices at chemical industry companies in Indonesia Stock Exchange. The financial performance in this study is viewed from the aspect of liquidity proxied with current ratio, the solvency proxyed by the debt to equity ratio, the activity proxied by the total assets turn over, and profitability which is proxied by return on assets. The study was conducted on 8 chemical companies listed on the Indonesia Stock Exchange. The data used are the financial statements and stock price data from 2011 to 2016. Data analysis using multiple linear regression. Based on the result of research known that current ratio have not significant effect to stock price, debt to equity ratio have not significant effect to stock price, total assets turn over have not significant effect to stock price, and return on assets have not significant effect to stock price.
Keywords: liquidity, solvency, activity, profitability, stock price