ANALISIS PENGARUH RETURN ON ASSET, DEBT TO EQUITY RATIO, CURRENT RATIO, PRICE TO BOOK VALUE TERHADAP HARGA SAHAM (Studi Kasus pada Perusahaan Manufaktur yang Terdaftar di BEI Periode 2012-2016 )

Abstract

The aims of this research was to Analysis of Effect on Return On Asset (ROA), Debt To Equity Ratio (DER), Current Ratio (CR), Price To Book Value (PBV)toward Stock Price (Case Study at Manufacture Enterprise which is registered in BEI period of 2012-2016) Population in this research was manufacture enterprise which was registered in Indonesia stock exchange 2012 - 2016. Samples in this research were 50 go public manufacture enterprises with pooled data method and panel data method in 2012 - 2016 with the condition that enterprises had to publish financial statement completely. This research used technique of multiple regression analysis to find out effect of variable toward stock price. The result of multiple linear regression showed that from four variables used in this research have a positive influence on stock prices, but there are significant and insignificant. Variables of Return On Asset (ROA) and Price To Book Value (PBV)had significant effect toward stock price in BEI, whereas variable of Debt To Equity Ratio (DER), Current Ratio (CR)did not have significant effect toward stock price implementation in Indonesia stock exchange.