PENGARUH LIKUIDITAS, LEVERAGE, DAN UKURAN PERUSAHAAN TERHADAP HARGA SAHAM PADA PERUSAHAAN PROPERTY AND REAL ESTATE YANG TERDAFTAR DI BEI

Abstract

This research aimed to examine the effect to liquidity, leverage, and firm size on stock price of Property and Real Estate which were listed on Indonesia Stock Exchange. While, liquidity was measured by current ratio, leverage was measured by debt to equity ratio, and firm size was measured by logarithm from total active. The research was quantitative. Moreover, the data collection technique used saturated sampling, in which all member of population were as sample. In line with, there were 14 Property and Real Estate companies which were listed on Indonesia Stock Exchange during 2014-2018, taken as sample. Furthermore, the data analysis technique used descriptive and inferential statistics analysis also multiple linear regression analysis with SPSS 25. According to the result of classical assumption test through normality test, multicolinearity test, autocorrelation test, and heteroscedasticity test; it showed all variables had fulfilled its assumption and there was no violation. Likewise, from all results of proper test model, it showed the model was properly used. Meanwhile, based on the result of descriptive statistics analysis, it concluded liquidity, leverage, firm size, and stock price were low. In addition, the result of hypothesis test concluded liquidity and firm size had significant effect on stock price. On the other hand, leverage had insignificant effect on stock price.
Keywords: liquidity, leverage, firm size, stock price