PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PERUSAHAAN PROPERTY AND REAL ESTATE DI BURSA EFEK INDONESIA

Abstract

This research aims to determine the influence of financial performance measured using current Ratio, return on equity, debt equity ratio, net profit margin, price earning ratio to the stock prices of property and real estate companies which is listed in Indonesia stock exchange in 2012-2016 period. This research uses a comparative causal method (Causal-Comparative Research) that explains the cause and effect relationship between two or more variables. In this research using purposive sampling method from 48 property and real estate companies which is listed in Indonesia stock exchange (IDX), then got 15 companies used in this research. Methods of data analysis using quantitative methods. The analysis technique that been used multiple linear regression with using SPSS tool. The result of model feasibility test (F test) shows that Current Ratio, return on equity, debt equity ratio, net profit margin, price earning ratio and this research is feasible to be used for the further research. The result of t test shows that the current has a significant positive influence on the stock prices, return on equity has a significant positive influence on the stock price, debt equity ratio has negative influence not significant to the stock prices, net profit margin has positive influence not significant to the stock price, price earning ratio positive significant influence to the dtock price.
Keywords: current ratio, return on equity, debt equity ratio, net profit margin, price earning ratio