PENGARUH RASIO KEUANGAN TERHADAP PERUBAHAN HARGA SAHAM PADA PERUSAHAAN PROPERTY DI BEI

Abstract

Business practitioners require information about the condition and the financial performance of the
company as the basis for decision-making. This research is meant to find out the influence of financial
ratio to the changes in stock prices at Property Companies which are listed in the IDX. The sample
collection technique has been done by using purposive sampling. The samples are 7 companies. The source
of data of this research is the secondary data which has been retrieved from Indonesia Stock Exchange.
The data analysis technique has been done by using multiple linear regressions analysis. The result of this
research can be concluded that: (1) Current Ratio has significant and positive influence to the changes in
stock prices; (2 Debt to Asset Ratio has positive but does not have any significant influence to changes in
stock prices; (3) Total Asset Turnover has positive but does not have any significant influence to changes
in stock prices; (4) Return on Equity has significant and positive influence to the changes in stock prices;
(5) Earnings Per Share has positive but it does not have any significant influence to the changes in stock
prices; (6) Return on Equity is the variable which has dominant influence to the stock price changes with
the largest partial coefficient determination.

Keywords: Current Ratio, Debt to Asset Ratio, Total Asset Turn Over, Return On Equity, Earning Per
Share.