PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PERUSAHAAN PROPERTY AND REAL ESTATE YANG TERDAFTAR DI BEI

Abstract

This research is meant to find out the influence of financial performance which is measured by using Current Ratio, Return on Asset, Return on Equity, Debt Equity Ratio, and Price Earnings Ratioto the stock price of the property and real estate companies which are listed in Indonesia Stock Exchange in 2011-2015 periods.This research has been conducted by using Causal-Comparative Research which explains the correlation of cause and effect between two variables and more. The sample collection has been done by using purposive sampling method to the 48 property and real estate companies which are listed in Indonesia Stock Exchange (IDX), so that 10 companies have been selected as samples. The data analysis technique has been carried out by using descriptive analysis and multiple linear regressions and the SPSS (Statistical Package for Social Sciences) 20 instrument. The result of feasibility model (F test) shows that research models arefeasible to be used for the following research. Partially, the hypothesis test (t test) shows that the variable of current ratio (CR) gives positive influence but it does not give any significant influence to the stock price, return on assets (ROA) gives significant and positive influence to the stock price, return on equity (ROE) gives significant and positive influence to the stock price, debt equity ratio (DER) gives negative but significant influence to the stock price, and price earnings ratio (PER) give signifcant influence to the stock price.
Keywords: current ratio, return on assets, return on equity, debt equity ratio, price earnings ratio