Analisis Determinan Harga Saham Perusahaan Food and Beverage Yang Terdaftar Di Bursa Efek Indonesia

Abstract

The purpose of this study is to analyze the effect of Return On Equity, Current Ratio, and Debt To Equity Ratio on prices in food and beverage companies listed on the Indonesia Stock Exchange. The population of this research is food and beverage companies for the period 2016-2019. Samples were taken by purposive sampling technique. The sample that meets the criteria and can be analyzed is 11 companies from 25 food and beverage companies listed on the Indonesia Stock Exchange in 2016-2019, so that the data collected are 44. The data collection method used is documentation. The data analysis technique used classical assumption test and multiple linear regression analysis. Based on the proposed test using the t test, the key is that (1) Return on Equity has a significant positive effect on stock prices. (2) Current Ratio has no significant effect on stock prices. (3) Debt to Equity Ratio has no significant effect on stock prices.
 
 Keywords : ROE, CR, DER, stock price

Value Relevance of Financial Information: Empirical Evidence from Indonesia

“…The information must be useful in the decision-making process, and the information obtained must have two important components, namely relevance and reliability. According to Astutik et al (2021) the stock market is an integral part of the economy of every country because of its function as a means of providing capital and a tool that illustrates economic health through fluctuations in stock prices. An increase in the company's stock price is an important indicator in assessing the company's performance.…”

“…Fundamental analysis is an approach to assessing financial statements that is useful for predicting the future of the company. To determine the value of the stock price, it is necessary to calculate the estimation of fundamental factors through financial ratio analysis where the data is obtained from the company's financial reports Astutik et al (2021). The fundamental analysis carried out in this study is book value per share, dividends per share (DPS), earnings per share (EPS), operating cash flow, and return on assets (ROA).…”

Pengaruh Return on Investment Dan Earning Per Share Terhadap Harga Saham Pada Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bei Tahun 2019-2021

“…Penelitian Dini, et al (2020) mengenai faktor-faktor yang mempengaruhi harga saham mendapatkan laba per saham, perputaran total aset dan rasio harga terhadap pendapatan berpengaruh positif signifikan terhadap harga saham. Astutik, et al (2021) meneliti determinan harga saham perusahaan yang terdaftar di Bursa Efek Indonesia mendapatkan return on equity berpengaruh positif signifikan terhadap harga saham, current ratio tidak berpengaruh signifikan terhadap harga saham dan debt to equity ratio tidak berpengaruh signifikan terhadap harga saham. Rasio keuangan merupakan indikator untuk memilih investasi saham yang baik, sebab rasio digunakan untuk mengukur pendapatan suatu perusahaan yang nantinya diperoleh investor atas modal yang ditanamkannya dalam perusahaan tersebut, semakin besar kedua rasio ini semakin bagus.…”