Analisis Pengaruh Rasio Keuangan Terhadap Harga Saham (Study Kasus Industry Food and Beverage yang Terdaftar di Bursa Efek Indonesia (BEI) Tahun 2013-2015)

Abstract

This study aims to determine the influence of Current Ratio (CR)partially to the Share Price of Companies listed on the Indonesia Stock Exchange(BEI). To determine the effect of Net Profit Margin (NPM) partially to Share Price at Companies listed in Indonesia Stock Exchange (BEI). To determine the effect of Return On Assets (ROA) partially to the Share Price on Companies listed on the Indonesia Stock Exchange (BEI). To know the influence of Current Ratio (CR), Net Profit Margin (NPM), Return On Assets (ROA) simultaneously to Share Price at Companies listed in Indonesia Stock Exchange (BEI). The population in this research is all Food And Beverage companies listed in Indonesia Stock Exchange according to Indonesian Capital Market Directory (ICMD) publication. The sample in this study is 40 companies. Based on the results of this study known that the variable of Current Ratio (CR) is significant to the Share Price due to the significance level of 0.030 where the value <0.05 (5%), Return On Asset (ROA) is positively significant to Share Price due to the significance level of 0,000 where the value <0.05 (5%. Variable Net Profit Margin (NPM) positively insignificant to Stock Price because the level of significance of 0.744 where the value> 0.05 (5%). The result of F test analysis is known Fcount> Ftable (19.500> 3,23), then Ho is rejected, it means that CR, NPM and ROA variables together have a significant effect on Stock Price. The results of this F test indicate that the model used is fit. The result of calculation for R2 value obtained in multiple regression analysis obtained coefficient of determination with adjusted-R2 of 0.600. This means that 60,0% variation of stock price variables can be explained by the variables CR, NPM and ROA while the rest is 40.0% explained by other factors outside the model under study