PENGARUH FAKTOR INTERNAL DAN FAKTOR EKSTERNAL TERHADAP HARGA SAHAM DI BURSA EFEK INDONESIA

  • Gusti Ayu Komang Widiyani Universitas Mahasaraswati Denpasar
  • I Gede Cahyadi Putra Universitas Mahasaraswati Denpasar
  • Made Edy Septian Santosa Universitas Mahasaraswati Denpasar
  • L.P. Novyanti Ciptana Ika Putri Universitas Mahasaraswati Denpasar
Keywords: Return on assets, Dept. to equity ratio, Current ratio, inflation, Bank Indonesia Certificates, stock prices

Abstract

The share price is the price formed on the stock exchange based on the supply and demand for the shares in question. The share price is used to calculate the share value based on the closing price listed on the stock exchange. The share price is used as a description of the performance of a company. The stock price on the Indonesia Stock Exchange is still low, this is influenced by Return on assets, Dept to equity ratio, Current ratio, Inflation, Bank Indonesia Certificates. This study aims to analyze the influence of internal and external factors on stock prices on the Indonesia Stock Exchange. The population in this study were all manufacturing companies listed and listed on the Indonesian stock exchange (BEI) during the 2017-2019 period, namely 173 companies, with the number of observations made of 318 respondents. Data collection techniques with documentation. The data analysis technique used multiple linear regression analysis. The results showed that: 1) Return on assets has a positive and significant effect on stock prices on the IDX. 2) Dept to equity ratio has no positive and significant effect on stock prices on the IDX. 3) The current ratio has no negative and significant effect on share prices on the IDX. 4) Inflation has no positive and significant effect on stock prices on the IDX. 5) Bank Indonesia Certificates (SBI) do not have a negative and significant effect on share prices on the IDX.

Published
2021-02-28