PENGARUH LEVERAGE, LIKUIDITAS DAN UKURAN PERUSAHAAN TERHADAP HARGA SAHAM PADA INDUSTRI PERKEBUNAN

Abstract

The result simed to analyze the effect of leverage, liquidity, and firm size on stock price of plantation companies which were listed on Indonesia Stock Exchange. While, leverage was measured by Debt to Asset Ratio (DAR) and Debt to Equity Ratio (DER), liquidity was measured by Current Ratio (CR) and firm size was measured by size form total asset on stock price. The research was quantitative. Moreover, the data collection technique used pusposive sampling, in which the sample was based on criteria given in line with,there were 7 plantation companies during 2014-2018. Furthermore, the data analysis technique usedmultiple linear regression. Based on research result, using proper model test (F-test), it concluded the research was properly used. Additionally, from hypothesis test, it concluded leverage which was referred to Debt to Asset Ratio (DAR) and liquidity which was referred to Current Ratio (CR) had significant effect on stock price. On the other hand, Debt to Equity Ratio (DER) and firm size which was referred to size had insignificant effect on stock price of plantation companies which were listed on Indonesia Stock Exchange (IDX).
Keywords: leverage, liquidity, firm size, stock price