PENGARUH STRUKTUR MODAL, PROFITABILITAS, DAN LIKUIDITAS TERHADAP HARGA SAHAM PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BEI

Abstract

This research aimed to examine the effect of capital structure, profitability, and liquidity which were referred to Debt to Equity Ratio, Return on Asset, and Current Ratio on shares price. While, the population was Food and Beverages companies which were listed on Indonesia Stock Exchange 2013-2017. The sampling collection technique used purposive sampling, in which the criteria had been considered. Moreover, the sample was eleven companies. In addition, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Sevice Solutions) version 20. According to T-test, it concluded capital structure and profitability had positive and significant effect on shares price. While, liquidity had positive and insignificant effect on shares price of Food and Beverages companies which were listed on Indonesia Stock Exchange 2013-2017. The result of simultaneous research shows that capital structure, profitability and liquidity have significant influence to the company value with significant level equal to 0,000.
Keywords: Capital structure, profitability, liquidity, shares price