PENGARUH CR, NPM, DAN DER TERHADAP HARGA SAHAM PADA PERUSAHAAN TELEKOMUNIKASI DI BEI

Abstract

This research aimed to examine and analyze the effect of Current Ratio, Net Profit Margin, and Debt to Equity Ratio on the shares price. The population were some telecommunication companies which stated in Indonesia Stock Exchange 2012-2017. The sampling collection used purposive sampling with some criteria, so there were five companies to be investigated while, the data analysis method used multiple regression linier with SPSS version 22. As the result of classical assumption test, through normality, heteroscedasity, multicolinearity, and autocorrelation test, this research concluded that all variables were appropriate. The result of proper test model with (F-test) stated multiple regression linier model was properly used in this research. Moreover, the determination coefficient score (R2) showed that independent variable, i.e. Current Ratio, Net Profit Margin, and Debt to Equity Ratio were able to describe the shares price of telecomuniation companies which stated in Indonesia Stock Exchange in 2012-2017 for about 27.3%. While, for 72.7%, it could be described by other variables out of the research model. Based on (T-test), the reaserch result concluded that Current Ratio and Net Profit Margin had positive and significant effect on the shares price. On the other hand, Debt to Equity Ratio had positive effect but not significant on the shares price.
Keywords: CR, NPM, DER, the shares price