PENGARUH STRUKTUR MODAL, LIKUIDITAS DAN PERTUMBUHAN PENJUALAN TERHADAP HARGA SAHAM PADA PERUSAHAAN MAKANAN DAN MINUMAN

Abstract

This research aims to determine the influence of Capital Structure, Liquidity and Sales Growth on the Stock Prices at food and beverage companies which is listed in the Indonesia Stock Exchange (IDX). The population used in this research is food and beverage companies which is listed in the Indonesia Stock Exchange in 2013-2016. Sampling technique using saturated sample method and the number of the samples is 10 companies. This research used secondary data that obtained from annual financial report data for the period of 2013-2016. The data analysis technique used is multiple regression with using SPSS (Statistical Package for Social Sciences) program. The result of the classic assumption test done through the normality test, multicollinearity test, heteroscedasticity test and autocorrelation test showed that the multiple regression model has fulfilled assumption and no violation occurred. Based on the model classification test by using coefficient of determination test and simultaneous significant test indicates that the model was classified to used for research. The result of hypothesis testing shows that Capital Structure and Sales Growth have no significant effect on Stock Price, while Liquidity has significant and positive influence to the Stock Price.
Keywords : Capital structure, liquidity, sales growth and stock price.