PENGARUH LIKUIDITAS DAN PROFITABILITAS TERHADAP HARGA SAHAM PERUSAHAAN MANUFAKTUR SUB SEKTOR OTOMOTIF YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2013-2016

Abstract

This study aims to determine the effect of: 1) liquidity ratio to stock prices in manufacturing companies automotive sub-sector listed in Indonesia Stock Exchange period 2013-2016; 2) profitability ratio stock prices in manufacturing companies automotive sub-sector listed in Indonesia Stock Exchange period 2013-2016; 3) liquidity ratio and profitability ratio together to stock prices at manufacturing companies automotive sub-sector listed in Indonesia Stock Exchange period 2013-2016.

The population in this study are all automotive manufacturing companies listed on the Indonesia Stock Exchange. The variable used are curent ratio, earning per share and stock price. Analyzer used is multiple linear regression with classical assumption test and hypothesis test.

SPSS output result show that: 1) obtained t arithmetic for variable current ratio (CR) of 0,752 with significant of 0,456>0,05; 2) obtained t count for variable earning per share equal to 2,929 with significant 0,006<0,05; 3) obtained the value of F arithmetic of 4,508> F table of 3,23.

The result of the research cocludes : 1) H1 is rejected then it means liquidity ratio is measured by the current ratio has a negative effect is not significant to the stock price of manufacturing companies automotive sub-sector listed in the stock exchange indonesia period 2013-2016; 2) H2 is accepted then it means profitability ratio is measured by earning per share have a significant positive effect on stock price of manufacturing companies automotive sub-sector listed in the stock exchange indonesia period 2013-2016; 3) H3 accepted then it means the ratio liquidity measured by the current ratio and profitability ratio measured by the earning per share have a significant effect simultaneously to the price stock price of manufacturing companies automotive sub-sector listed in the stock exchange indonesia period 2013-2016.