Pengaruh Current Ratio, Debt to Equity Ratio dan Return on Equity terhadap Harga Saham pada Perusahaan Manufaktur yang terdaftar di Indeks IDX Value 30 Periode 2016-2020

Abstract

The Effect of Current Ratio (CR), Debt To Equity Ratio (DER), Return On Equity (ROE), on Share Prices in Companies Listed on the IDX Value Index 30 for the 2016-2020 Period. This study aims to analyze whether Current Ratio (CR) has an influence on Stock Prices, analyze the effect of Debt To Equity Ratio (DER) on stock prices, and analyze the effect of Return On Equity (ROE) on Stock Prices in manufacturing companies listed on the IDX Index. Value 30 Period 2016-2020. The data obtained is from financial reports that have been published regularly by the company and are available on the Indonesia Stock Exchange with a predetermined time period, namely 2016-2020. The research process uses companies listed on the IDX Value 30 index with a sampling method, namely manufacturing companies that are included in the IDX Value 30 index. The research method uses multiple linear regression methods, t tests and F tests to get results from the influence of the independent variable on the dependent variable. So it can be said that the research results obtained show that the Current Ratio (CR) and Return on Equity (ROE) variables do not partially affect stock prices, while the Debt to Equity Ratio (DER) has a partial effect on stock prices. And the Current Ratio (CR), Debt to Equity Ratio (DER) and Return on Equity (ROE) of these three variables have a simultaneous effect on stock prices. The results of the value of the Coefficient of Determination (R2) show that the CR, DER, ROE variables have an influence of 59.1% on stock prices while the remaining 40.1% is influenced by other factors not discussed in this study, including in the Moderate group because there are between 0.33-0.67 According to Chin (1998).