PENGARUH FAKTOR INTERNAL DAN EKSTERNAL TERHADAP HARGA SAHAM PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2012-2018

Abstract

In generally, stock price is affected by two factors i.e internal and external. While, the internal factor is a factor which comes from inside the company. Meanwhile, the external factor is a factor which comes from outside the company. Therefore, this search aimed to find out the effect of Total Assets Turnover (TATO), Current Ratio (CR) Debt to Equity ratio (DER), Inflation, and Interest Rate to the Stock price of pharmacy companies which were listed on Indonesia Stock Exchange 2012-2018. The data were secondary, which taken from the website of Indonesia Stock Exchange and investment gallery of Indonesia Stock exchange, STIESIA Surabaya. Moreover, there were 6 companies as sample. Furthermore, the data analysis technique used multiple linear regression with SPSS 25. According to partial test result, it concluded TATO had negative and significant effect on the stock price. Likewise, CR as well as DER had negative and significant effect on the stock price. On the other hand, Inflation had positive but insignificant effect on the stock price. Likewise, interest rate had positive but insignificant effect on the stock price. In brief, TATO, CR, DER, Inflation, and Interest Rate had simultaneously and significant effect on the stock price
Keywords: Total Assets Turnover (TATO), Current Ratio (CR) Debt to Equity ratio (DER), Inflation, Interest Rate, the Stock price