PENGARUH FINANCIAL PERFORMANCE, FINANCIAL DISTRESS DAN LIKUIDITAS TERHADAP HARGA SAHAM

Abstract

This research aimed to give evidence of the effect of Financial Performance, Financial Distress, and Liquidity on stock price of Property and Real Estate companies which were listed on Indonesia Stock Exchange (IDX) during 20162020. While the independent variables were Financial Performance which was measured by Return On Asset (ROA), Financial Distress which was measured by Altman Z-Score, and Liquidity which was measured by Current Ratio (CR). Meanwhile, dependent variable was stock price. The research was quantitative. Moreover, the data collection technique used purposive sampling, in which from 45 Property and Real Estate companies; there were 6 companies which were listed on IDX fulfilled the criteria given. Furthermore, the data analysis technique used multiple linear regression with Statistical Package for Social Science (SPSS) 25. The research result concluded that Financial Performance had a positive but insignificant effect on stock price. On the other hand, Financial Distress had a positive and significant effect on stock price. In contrast, Liquidity had a negative and significant effect on stock price.
Keywords: financial performance, financial distress, liquidity, stock price