PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PADA PERUSAHAAN OTOMOTIF DAN KOMPONEN

Abstract

The purpose of this research is to examine the influence of financial performane to the stock price of automotive and components companies which are listed in Indonesia Stock Exchange which have 2012-2015 periods financial statements.This research has been done by using financial ratios as the measurement instrument of corporate financial performance i.e. current ratio (CR), return on asset (ROA), debt to equity ratio (DER), earning per share (EPS), price book value (PBV), dan price earning Ratio (PER). The sample collection has been done by using purposive sampling method, and 8 automotive and components companies with 2012-2015 observation periods have been selected as samples, so that 32 observations data have been obtained. The source of the secondary data is originated from the Indonesia Stock Exchange. The data analysis technique has been done by using multiple linear regressions analysis.The result of the research shows that the ROA and the DER variables give negative and significant influence to the stock price. The EPS and the PBV give positive and significant influence to the stock price. Meanwhile, the CR gives positive and insignificant influence to the stock price and the PER gives negative and insignificant influence to the stock price. It can be concluded from the result of partial determination coefficient that the PBV gives the most dominant influence to the stock price because its partial determination coefficient is the highest among independent variables.
Keywords: Financial performance, stock price, and automotive and components companies.