The Influence of Financial Performance against Stock Prices in Companies Listed in LQ45 Index 2012 - 2016 Period

  • Authors

    • John Henry Wijaya
    • Gusni .
    • Kartika .
    2018-12-13
    https://doi.org/10.14419/ijet.v7i4.34.23905
  • financial performance, stock price, LQ45.

  • This study aims to determine the effect of financial performance of each variable on stock price of the companies listed in the LQ45 Index in 2012 – 2016. This type of research used in this research is explanatory research with descriptive research method and correlation. This study used secondary data. The research population comprised LQ45 companies in 2012-2016 consisting of 45 companies. The sample was selected by the purposive sampling technique and 21 companies were included in the research sample. The data analysis technique was panel data regression using the random effect model. The results of the study showed that earnings per share had a significant effect on stock price. Cash position had a significant effect on stock price. Trading volume had a significant effect on stock price. While return on equity, debt to asset ratio and firm size did not have significant effect on stock price. The results of research F-test showed that the model in regression equation is just right. The coefficient of determination (R2) in this study was 0.758096. This means that the contribution of all independent variables was explained the dependent variable was 75.8%, while the remaining 24.2% was explained by independent variables outside the model.

     

     

  • References

    1. [1] Brigham, E. F., & Houston, J. F. 2014. Dasar-Dasar Manajemen Keuangan. Salemba Empat.

      [2] Fahmi, I. 2012. Pengantar Pasar Modal. Alfabeta.

      [3] Fauza, M. S., & Mustanda, I. K. 2016. Pengaruh Profitabilitas, Earning Per Share (EPS) Dan Dividend Payout Ratio (DPR) Terhadap Harga Saham. E-Jurnal Manajemen Unud, 5(12), 2016: 8015-8045.

      [4] Harahap, S. S. 2013. Analisis Kritis Atas Laporan Keuangan. PT Raja Grafindo Persada.

      [5] Irawati, S. 2006. Manajemen Keuangan. Pustaka.

      [6] Indriastuti, A., & Zumrotun, N. 2017. Pengaruh Volume Perdagangan, Kurs Dan Risiko Pasar Terhadap Return Saham. Jurnal STIE Semarang, 9(1), 57-66.

      [7] Retnowati, N., & Widia, E. M. 2012. Manajemen Kompensasi. Karya Putra Darwati

      [8] Rudianto. 2013. Akuntansi Manajemen Informasi untuk Pengambilan Keputusan Strategis. Erlangga.

      [9] Sugiyono. 2014. Metode Penelitian Pendidikan Pendekatan Kuantitatif, Kualitatif, dan R&D. Alfabeta

      [10] Suryanita, & Dinnul, A. A. 2014. Pengaruh Ukuran Perusahaan dan Earning Per Share Terhadap Kebijakan Dividen di Bursa Efek Indonesia. Sekolah Tinggi Ilmu Ekonomi Multi Data Palembang.

      [11] Sutrisno. 2012. Manajemen Keuangan Teori, Konsep dan Aplikasi. Ekonisia.

      [12] Van Horne, J. C., & John, M. W. 2012. Prinsip-Prinsip Manajemen Keuangan. Salemba Empat

      [13] Viandita, T. O., Suhadak, & Achmad, H. 2013. Pengaruh Debt Ratio (DR), Price To Earning Ratio (PER), Earning Per Share (EPS), dan Size Terhadap Harga Saham (Studi Pada Perusahaan Industri yang Terdaftar di Bursa Efek Indonesia). Jurnal Administrasi Bisnis, 1(2), 1-12.

      [14] Wiagustini, L. P. 2010. Dasar-Dasar Manajemen Keuangan. Udayana Univerity Press.

      [15] Indonesia Stock Exchange. Home. 2018, www.idx.co.id.

  • Downloads

  • How to Cite

    Henry Wijaya, J., ., G., & ., K. (2018). The Influence of Financial Performance against Stock Prices in Companies Listed in LQ45 Index 2012 - 2016 Period. International Journal of Engineering & Technology, 7(4.34), 270-273. https://doi.org/10.14419/ijet.v7i4.34.23905