PENGARUH LEVERAGE, PROFITABILITAS, DAN KEPUTUSAN INVESTASI TERHADAP HARGA SAHAM PADA PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BEI

Abstract

This research aimed to examine the effect of leverage, profitability and investment decision on stock price of Food and Beverages companies which were listed on Indonesia Stock Exchange during 2015-2019. While leverage was measured by Debt to Equity Ratio, profitability was measured by Return On Asset and investment decision was measured by Capital Expenditure to Book Value of Asset. Moreover, the research was quantitative. Furthermore, the data were secondary which in the form of companies' financial statements.Additionally, the population was 29 Food and Beverages companies. Meanwhile, the data collection technique used purposive sampling. In line with, there were 12 companies as the sample. In addition, the data analysis technique used multiple linear regression with SPSS 23. According to the research result, it concluded that leverage had a positive but insignificant effect on stock price. On the other hand, profitability had a positive and significant effect on stock price. Likewise, investment decision had a positive and significant effect on stock price.
Keywords: leverage, profitability, investment decision, stock price.