THE EFFECT OF CURRENT RATIO, DEBT TO EQUITY RATIO, RETURN ON ASSETS, AND COMPANY SIZE ON STOCK PRICE (EMPIRICAL STUDY ON PHARMACEUTICAL COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE FOR THE PERIOD 2017 - 2021)

Debby Novi Indrianti, Ivo Rolanda

Abstract


The average value of share prices in pharmaceutical companies listed on the Indonesia Stock Exchange for the period 2017-2021 shows a change in the average share price in 2017 of 2,082.20, then decreased in 2018 to 1,922.30. In 2019 it decreased again to 1,588.40, then in 2020 it increased to 4,705.90 and in 2021 it started to decline again to 3,402.20, so it can be interpreted that stock prices are always changing. Changes in the share price are influenced by investor considerations in purchasing shares based on the performance of the company's financial statements. This study aims to determine the effect of Current Ratio, Debt to Equity Ratio, Return on Assets, and Company Size on Share Price in pharmaceutical companies listed on the Indonesia Stock Exchange for the period 2017 - 2021. The samples of this study were 9 pharmaceutical companies listed on the Indonesia Stock Exchange for the period 2017-2021. This research was conducted using multiple linear regression methods with the help of the SPSS version 25 and Microsoft Excel 2016 programs. The results showed that Current Ratio, Debt to Equity Ratio, and Return on Assets had no significant effect on stock prices, while company size had a significant effect on stock prices.

Keywords


Current Ratio; Debt to Equity Ratio; Return On Asset; Company Size;

Full Text:

PDF

References


Terhadap Harga Saham Lq45 Yang Terdaftar Di Bursa Efek Indonesia. RISTANSI: Riset Akuntansi, 3(1), 1-11.

Fahmi, Irham. (2017). Pengantar Manajemen Keuangan. Bandung: Alfabeta.

Hartono, Jogiyanto. (2017). Teori Portofolio Dan Analisis Investasi. Edisi Kesepuluh. Yogyakarta:BPFE

Kasmir. (2017). Analisis Laporan Keuangan. Jakarta: PT Rajagrafindo Persada.

Lestari, E. D., & Triyonowati, T. (2022). Pengaruh Current Ratio, Return On Asset, Dan Debt To Equity Asset Terhadap Harga Saham Pada Subsektor Farmasi Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Ilmu dan Riset Manajemen (JIRM), 11(10).

Meidiyustiani, Rinny dan Hakam Ali Niazi. (2021). Analisis Pengaruh Current Ratio, Quick Ratio, Return On Assets Dan Return On Equity Terhadap Harga Saham. Jurnal Ekonomika dan Manajemen FEB Universitas Budi Luhur, 10(2), 82-94.

Mendrofa, I. D., & Maharani, N. K. (2022). Pengaruh Profitabilitas, Kebijakan Dividen dan Ukuran Perusahaan terhadap Harga Saham. JIIP-Jurnal Ilmiah Ilmu Pendidikan, 5(9), 3570-3578.

Nurismalatri, N., & Artika, E. D. (2022). Pengaruh Current Ratio (CR) Dan Debt To Equity Ratio (DER) Terhadap Harga Saham Pada Perusahaan Consumer Goods Yang Terdaftar Di Bursa Efek Indonesia Periode Tahun 2015-2020. Jurnal Ilmiah PERKUSI, 2(1), 71-80.

Sahadah, K. (2022). Pengaruh Debt To Equity Ratio, Current Ratio Dan Total Asset Turn Over Terhadap Harga Saham Pada Perusahaan Farmasi Yang Terdaftar Di Bursa Efek Indonesia Tahun 2016–2020. Akuntansi, 1(3), 262-272.

Sari, Heni Zulia dan Astrid Dita Meirina Hakim. (2017). Pengaruh Current Ratio (CR), Return On Equity (ROE), Debt to Equity Ratio (DER), dan Earning Per Share (EPS) Terhadap Harga Saham (Pada Perusahaan Sub Sektor Property Dan Real Estate Di Bursa Efek Indonesia (BEI) Periode 2011-2015). Jurnal Ekonomika dan Manajemen FEB Universitas Budi Luhur, 6(2), 121-138

Suganda, T. R. (2018). Event Sudy: Teori dan Pembahasan Reaksi Pasar Modal Indonesia. Malang: Seribu Bintang.

Sugiyono (2019). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung : Alphabet.

Sutrisno, W. A., & Yulianeu, Y. (2017). Pengaruh CR, DER dan TATO terhadap PBV dengan ROA sebagai Variabel Intervening (Studi pada Perusahaan Property & Real Estate yang Terdaftar pada BEI Tahun 2010- 2014). Journal of Management, 3(3).

Ujiandari, Ratna. (2015). Pengaruh Price Book Value (PBV), Price Earning Ratio (PER), Operating Profit Margin (OPM) Earning Per Share (EPS), dan Return On Asset (ROA) Terhadap Harga Saham. Jurnal Ekonomika dan Manajemen FEB Universitas Budi Luhur, 4(2).

Utomo, Tri Agus et.al. (2019). Analisis Beberapa Faktor yang Mempengaruhi Harga Saham Pada Perusahaan Yang Tergabung Dalam Indeks Bisnis 27 Di Bursa Efek Indonesia Periode 2013-2017. Jurnal Ekonomika dan Manajemen FEB Universitas Budi Luhur, 8(2), 163-184.

Yuastika, S., & Suselo, D. (2022). Pengaruh Return on Asset (ROA), Earning Per Share (EPS) dan Price Earning Ratio (PER) Terhadap Harga Saham Perusahaan Sektor Property dan Real Estate yang terdaftar di BEI. Journal Page is available to, 3(02).




DOI: https://dx.doi.org/10.36080/jem.v12i1.2215

Refbacks

  • There are currently no refbacks.


Copyright (c) 2023 Debby Novi Indrianti, Ivo Rolanda

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.