PENGARUH LIKUIDITAS, LEVERAGE, PROFITABILITAS, DAN INFLASI TERHADAP HARGA SAHAM SEKTOR FARMASI YANG TERDAFTAR DI BEI

Abstract

This research aims to analyze the influence of external factors measured by inflation and internal influences as
measured using financial ratios consisting of liquidity ratios, leverage and profitability to stock prices. The object
research used pharmacy sector which were listed on Indonesia Stock Exchange (IDX) 2013-2017. The population
in this research, as many as 10 pharmacy companies, while the sample obtained by using purposive sampling
method based on predetermined criteria, so that obtained a sample of 6 pharmacy companies. The analysis data
method used multiple linear regresions with the instrument of SPSS (Statistical Product and Sevice Solutions)
20 version. Based on the t test result, this research showed that probability ratio and leverage ratio gave significant
positive effect on the stock price. Meanwhile, liquidity ratio did not have any significant positve effect and inflation
did not have any significant negative effect on the stock price at pharmacy sector which were listed in Indonesia
Stock Exchange (IDX) in 2013-2017 period.
Keywords: stock price, liquidity ratio, leverage, profitability, inflation