PENGARUH KINERJA KEUANGAN, INFLASI, DAN NILAI TUKARTERHADAP HARGA SAHAM PADA PERUSAHAAN ROKOK

Abstract

The purpose of this research is to find out the influence of financial performance consisting of current
ratio, debt to equity ratio, earning per share, return on assets, inflation and current exchange to the
stock price of cigarette companies which are listed in IDX. The samples are cigarette companies which
are listed in IDX and the data is the secondary data which is the quarterly financial statement of cigarette
companies which are listed in IDX during the 2010-2014 periods and the data has been obtained from
the Bank of Indonesia. Meanwhile, the analysis technique has been carried out by using multiple linear
regressions analysis. The result of the test shows that partially Current Ratio, Earning per Share, and
Current Exchange variables have significant influence to the stock price of the cigarette companies which
are listed in IDX. Moreover, Debt to Equity Ratio, Return on Assets, and Inflation has insignificant
influence to the stock price of the cigarette companies which are listed in IDX. The result of the research
shows that the Earning per Share variable has dominant influence to the stock price of the cigarette
companies which are listed in IDX. Based on the result of the F test, it shows that simultaneously
Current Ratio, Debt to Equity Ratio, Earning per Share, Return on Assets, Inflation and Current
Exchange variables have influence to the stock price.

Keywords:Financial Performance, Inflation, Current Exchange, and Stock Price.