PENGARUH DIVIDEN, PROFITABILITAS DAN INFLASI TERHADAP HARGA SAHAM DI INDUSTRI TELEKOMUNIKASI

Abstract

This research is conducted in order to examine the partial influence of dividend, profitability and inflation to the share price. The samples are 3 of 6 companies in the field of telecommunication industries which are listed in Indonesia Stock Exchange (IDX) in 2010-2015 periods, so the total samples are 18 companies. There are four variables in this research i.e.: share price as the dependent variable whereas the dividend, profitability and inflation as independent variables. The analysis instrument is the multiple linear regressions analysis. The sample collection in this research has been carried out by using purposive sampling. The results showed that the variable dividend is measured by dividend per share significant and positive impact on stock prices in the telecommunications industry, variable profitabitlitas which was measured by return on equity have a significant effect and negative on stock prices in the telecommunications industry, while the variable inflation is not significant on stock prices in the telecommunications industry. Viewed from the coefficient of determination results of this experiment concluded that the independent variables showed a very strong contribution to the dependent variable. The most dominant variable to variable stock price is variable dividend.
Keywords : dividends, profitability, inflation and share price.