The Determinan Kinerja Keuangan Perusahaan Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia
Abstract
Stocks are currently a popular investment product among investors. Stocks that are of interest to investors are stocks that have a high selling value because the stock price is a very important factor to pay attention to and indicators are used to measure the welfare of shareholders. The higher the share price, the higher the value of the company and vice versa. However, investing in stocks in the capital market is also filled with an element of uncertainty or risk, this is because investors do not know with certainty the results they will get from their investments. Company specific financial information is one of the important internal company factors that can influence investors to invest. The research aims to analyse the effect of Capital Structure, liquidity, and profitability on stock price. Samples used in this study are food and beverage companies listed in the Indonesian Stock Exchange during 2016-2018 periods. Multiple linear regression method used to anlyse the effect of DER,CAR, and NPM on Stock Price. The results showed that DER and CAR have not significant effect on Stock Price. NPM have a significant effect on Stock Price.
Keywords: Capital Structure, liquidity, Profitability, Stock Price
References
Hartono, J. (2016). Teori Portofolio dan Analisis Investasi (10th ed.). Yogyakarta: BPFE.
Hamidi, H. (2019). Pengaruh Capital Adequacy Ratio (Car) Dan Return On Asset (Roa) Terhadap Harga Saham Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia (BEI). Jurnal Dimensi, 8(3), 552-572.
Hutapea, A. W., & Saerang, I. S. (2017). Pengaruh Return On Assets, Net Profit Margin, Debt To Equity Ratio, Dan Total Assets Turnover Terhadap Harga Saham Industri Otomotif Dan Komponen Yang Terdaftar Di Bursa Efek Indonesia. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 5(2).
Irham, F. (2012). Pengantar Pasar Modal. Bandung: Alfabeta
Jusmarni. (2020). Pengaruh Dividen Per Share dan Net Profit Margin Terhadap Harga Saham yang Terdaftar di Bursa Efek Indonesia. Jurnal Akuntansi Kompetif. 3(2): 34-79.
Muksal, M.,E.,I (2017). Pengaruh Debt Equity Ratio (DER) Terhadap Harga Saham Syariah (Studi Pada Pasar Sekunder Jakarta Islamic Index (JII)).
Putri, D. A. (2017). Pengaruh ROA, CAR, NPM, dan LDR terhadap Harga Saham Bank Umum. Jurnal Ilmu dan Riset Manajemen (JIRM), 6(4).
Suharti, & Tannia, Y. (2020). Analisis Pengaruh Debt to Equity Ratio, Debt to Asset Ratio, Price Earning Ratio dan Price to Book Value Terhadap Harga Saham Pada Perusahaan Sektor Pertanian. INVEST : Jurnal Inovasi Bisnis Dan Akuntansi, 1(1), 13-26.
Suryani, F., & Hamzah, Z. (2019). Pengaruh Rasio Lancar, Rasio Cepat, Rasio Utang terhadap Ekuitas terhadap Laba pada Perusahaan Industri Konsumsi. Management Studies and Entrepreneurship Journal (MSEJ), 1(1), 25-37.
Wiagustini, N., L., P. (2014). Manajemen Keuangan (1st ed.). Denpasar: Udayana University Press.