PENGARUH LIKUIDITAS, PROFITABILITAS, DAN SOLVABILITAS TERHADAP HARGA SAHAM PERUSAHAAN LQ-45

Abstract

Shares that are included in the LQ-45 index are stocks consisting of 45 companies that meet the LQ-45 criteria as an alternative index to the IHSG. This research aimed to find out the effect of liquidity, profitability, and solvability of the stock price of LQ-45 companies. The data were secondary, in which the form of companies’ financial statements. Moreover, the population was 25 LQ-45 companies. Furthermore, there were 8 companies as the sample during observation within 2015-2019. Additionally, the data collection technique used saturated sampling. This technique was the same as sensus, which used all members of the population based on their characteristics and qualities. In addition, the data analysis technique used multiple linear regression with SPSS 25. Based on the research result, it concluded that Current Ratio (CR) had a positive and significant effect on the stock price of LQ-45 companies. On the other hand, Return On Asset (ROA) had a negative and significant effect on the stock price of LQ-45 companies. Likewise, Debt To Equity Ratio (DER) had a negative and significant effect on the stock price of LQ-45 companies.
Keywords: liquidity, profitability, solvability, stock price