PENGARUH CR, ROA DAN DER TERHADAP HARGA SAHAM (Studi pada Perusahaan Rokok yang Terdaftar di Bursa Efek Indonesia)

Abstract

This research aimed to examine the effect of current ratio, return on assets and debt to equity ratio on stock price at cigarettes listed on Indonesia Stock Exchange (IDX). Furthermore, periods of this research were in 2012-2019. This research used comparative causal reseaerch. The population of this research used 5 cigarettes companies. Therefore, a homogen population criteria obtained 3 cigarettes companies based on the saturated sampling method. Moreover, the research sample of this research used saturated sampling with all populations. The analysis method of this research used multiple linear regressions analysis with SPSS 24 version. The result of this research showed that the current ratio had negative and significant effect on stock price, return on assets had positive and significant effect on stock price. Moreover, the determination coefficient showed that Adjusted R-Square was 0,733. It meant that 73,3% dependent variable of stock price was explained by 3 independent variables, which were current ratio, return on assets and debt to equity ratio. Meanwhile, the rest was explained bu other variables and factors outside of the regression model.
Keywords : curent ratio, return on asset, debt to equity ratio, stock price