PENGARUH KINERJA KEUANGAN, KEBIJAKAN DIVIDEN DAN VOLUME PERDAGANGAN SAHAM TERHADAP HARGA SAHAM

Abstract

This research has been conducted to find out the influence of financial performance, dividend policy and stock trading volume to the stock price of insurance companies in 2012-2015 periods. Financial performance in this research is proxy by current ratio (CR), debt to equity ratio (DER), return on equity (ROE) and earnings per share (EPS), dividend policy is proxy by dividen payout ratio (DPR) and stock trading volume in this research is the volume which has been traded by a company within a one year period. The population is 11 insurance companies. 9 companies have been obtained by using purposive sampling method as samples. Purposive sampling is the selection of sample which is based on specific criteria. Hypothesis test in this research has been carried out done by using multiple linear analysis and the 20th SPPS (Statistical Product and Service Solution). Based on the results, it can be seen that the variables i.e. current ratio (CR), debt to equity ratio (DER), return on equity (ROE), dividend payout ratio (DPR) and stock trading volume do not give any significant influence to the stock price with its significance value > 0.05. Meanwhile, earnings per share (EPS) give significant influence to the stock prices with its significance value < 0.05.
Keywords: financial performance, dividend policy, stock trading volume, stock price