ANALISIS PENGARUH RASIO KEUANGAN, PERTUMBUHAN PENJUALAN DAN DIVIDEN TERHADAP PERUBAHAN HARGA SAHAM PERUSAHAAN CONSUMER GOODS
Studi Empiris pada Perusahaan Layanan Telekomunikasi di Bursa Efek Indonesia Tahun 2011-2015
DOI:
https://doi.org/10.32477/jkb.v24i2.153Keywords:
Stock Price Changes, Current Ratio, Return On Equity, Sales Growth, Dividen Payout RatioAbstract
This study aims to determine the effect of financial ratio i.e the ratio of liquidity and profitability to the stock price; the influence of sales growth on stock prices; and the effect of dividends on stock prices at the consumer goods company field of telecommunications services. This study used a sample of three telecommunications companies listed in Indonesia Stock Exchange, namely: PT Indosat, PT Telkom and PT XL Axiata with financial reporting data from 2011 to 2015. The method of analysis using multiple linear regression analysis as an analytical tool for analyzing the effect of the finance ratio, sales growth and dividends. Getting the results that the current ratio of significant positive effect on the stock price changes with stats t = 3.888, p = 0.002 less than0.05. Return on equity is not significant positive effect on the stock price changes with stats t = 0.807, p = 0.437greather than 0.05. The sales growth was not significant positive effect on the stock price changes with stats t = 1.068, p = 0.311greather than 0.05. Dividend payout ratio is not significant positive effect on the stock price changes with stats t = -0.462, p = 0.654greather than 0.05.
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