PENGARUH LIKUIDITAS, LEVERAGE, PROFITABILITAS TERHADAP HARGA SAHAM PADA PERUSAHAAN FARMASI

Abstract

This research aims to test the influence of liquidity, leverage, profitability to the stock prices on pharmaceutical companies which is listed in the Indonesia Stock Exchange. Data analysis used is the secondary data in the form of the company financial statements in the year 2013 until 2016.The sampling technique using saturated sampling method, and the number of the samples is 10 companies. In this research to measure liquidity measured using Current Ratio, leverage is measured using Debt to Equity Ratio, profitability is measured using Return On Asset. Data analysis technique used in this research is multiple linear regression analysis.Based on the result of classic assumption test done through normality test, multicollinearity test, autocorrelation test, and model heteroscedasticity test have been fulfilled assumption and no violation. Based on model feasibility test result by using coefficient of determination test and significant simultaneous test known that model is feasible to be used. Based on result of hypothesis test known that liquidity influence not significant to the stock price, while leverage and profitability have significant influence to the stock price.
Keywords: liquidity, leverage, profitability, stock prices.