Pengaruh Debt To Equity Ratio, Return On Equity, Return On Asset Terhadap Harga Saham Pada Sub Sektor Farmasi Periode 2016-2019

Abstract

This study aims to determine the effect of Debt to Equity Ratio, Return On Equity, and Return On Assets on stock prices of pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange in 2016-2019, either partially or partially. simultaneous.

The analytical tools used are multiple linear regression analysis, with normality test, linearity test, autocorrelation test, multicollinearity test, and heteroskedasticity test, as well as coefficient of determination test (R²), t test, and F test.

The results showed that partially, the Debt to Equity Ratio and Return On Asset had a positive and significant effect on the stock price, while the Return On Equity had a negative and significant effect on the stock price. Debt to Equity Ratio, Return On Equity, and Return On Asset simultaneously had a positive and significant effect on the share price of pharmaceutical sub-sector companies on the IDX in 2016-2019.

The Debt to Equity Ratio has a positive and significant effect on stock prices, meaning that the higher the value of DER, the higher the stock price will be. Return On Equity has a negative and significant effect, meaning that every time there is an increase in ROE, the company's price will decrease. ROA which has a positive and significant effect means that if there is an increase in ROA, the company's stock price increases