ANALISIS DAMPAK RASIO KEUANGAN PERUSAHAAN TERHADAP HARGA SAHAM PADA PERUSAHAAN YANG TERCATAT PADA JII
Abstract
The research method uses qualitative data, secondary data sources, using documentation methods, classic data assumption test analysis techniques, coefficient of determination, hypothesis testing. The object of research in companies incorporated in the Jakarta Islamic Index in the period 2014 - 2018. The results of this study by F statistical tests show that all independent variables influence the dependent variable. In statistical test t current ratio has a negative and significant effect on stock prices. Size and Debt to Asset Ratio influence and are not significant on stock prices. Return on Assets has a positive and significant effect on stock prices.
Keywords:
current ratio, debt to asset ratio, size, harga saham
References
Amrah, R. Y., & Elwisam. (2018). Pengaruh Current Ratio, Return on Assets, Debt to Equity Ratio dan Total Assets Turnover Terhadap Harga Saham pada Perusahaan LQ45 Tahun 2013-2015. Jurnal Ilmu Manajemen, 14(1), 46–62.
Elwisam, R. Y. A. (2018). Pengaruh Current Ratio, Return on Assets, Debt to Equity Ratio dan Total Assets Turnover Terhadap Harga Saham pada Perusahaan LQ45 Tahun 2013-2015. Jurnal Ilmu Manajemen, 14(2), 26–42.
Eyer, J. (2018). The effect of firm size on fracking safety. Resource and Energy Economics, 53, 101–113. https://doi.org/10.1016/j.reseneeco.2018.02.006
Fiorensia, F., Siregar, L., Nainggolan, C. D., & Silitonga, H. P. (2019). Dampak Quick Ratio Dan Debt To Equity Ratio Terhadap Price Earning Ratio Pada Pt Merck, Tbk. Financial: Jurnal Akuntansi, 5(2), 91–98. https://doi.org/10.37403/financial.v5i2.114
Fu, J., Wu, X., Liu, Y., & Chen, R. (2020). Firm-specific investor sentiment and stock price crash risk. Finance Research Letters, August 2019, 101442. https://doi.org/10.1016/j.frl.2020.101442
Hartono, J. (2017). Teori Portofolio dan Analisis Investasi (Sebelas). BPFE.
Hery. (2016). Financial Ratio For Business. Grasindo.
Inrawan, A., Jubi, Silitonga, H. P., & Sudirman, A. (2020). PENGARUH LIKUIDITAS DAN SOLVABILITAS TERHADAP RENTABILITAS MODAL SENDIRI PADA PKPRI DI KABUPATEN SIMALUNGUN. 5(1), 1–15.
Jaisinghani, D., & Kanjilal, K. (2017). Non-linear dynamics of size, capital structure and profitability: Empirical evidence from Indian manufacturing sector. Asia Pacific Management Review, 22(3), 159–165. https://doi.org/10.1016/j.apmrv.2016.12.003
Manurung, A. H. (2012). Konsep dan Empiris Teori Investasi. PT Adler Manurung Press.
Mentari, R. I. (2012). Dampak ROE, NPM, dan Ukuran Perusahaan terhadap Harga Saham Perusahaan yang Tercantum dalam Indeks LQ45 BEI pPeriode 2010-2012. Jurnal Akuntansi, UDINUS, 1–17.
Octaviani, S., & Komalasarai, D. (2017). PENGARUH LIKUIDITAS, PROFITABILITAS, dan SOLVABILITAS TERHADAP HARGA SAHAM (Studi Kasus pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia). Jurnal Akuntansi., 3(2), 77–89.
Osazuwa, N. P., & Che-Ahmad, A. (2016). The moderating effect of profitability and leverage on the relationship between eco-efficiency and firm value in publicly traded Malaysian firms. Social Responsibility Journal, 12(2), 295–306. https://doi.org/10.1108/SRJ-03-2015-0034
Panggabean, V. D. Y., Inrawan, A., Silitonga, H. P., & Sembiring, L. D. (2019). DAMPAK STRUKTUR ASET DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL. 4328.
Priliyastuti, N., & Stella. (2016). Pengaruh Current Ratio Dan Debt To Equity Ratio Terhadap Return On Assets. Widyakala Journal, 3(1), 23. https://doi.org/10.36262/widyakala.v3i0.21
Siahaan, Y., Susanti, E., & Sudirman, A. (2020). Effect of firm characteristics on firm value through triple bottom line disclosure: Pharmaceutical companies listed on Indonesia stock exchange. International Journal of Scientific and Technology Research, 9(2), 2228–2234.
Silitonga, H. P., Siregar, L., Tarigan, P., & Inrawan, A. (2017). PENGARUH LIKUIDITAS DAN LEVERAGE TERHADAP PROFITABILITAS PADA PT JAPFA COMFEED INDONESIA , Tbk . YANG TERDAFTAR DI BURSA EFEK INDONESIA. 3(1), 1–9.
Singh, A., & Shakya, S. (2020). ScienceDirect ScienceDirect Analysis of look back period for stock price prediction with Analysis of look back period price prediction with RNN variants : A case study for on stock banking sector of NEPSE RNN variants : A case study on banking sector of N. Procedia Computer Science, 167(2019), 788–798. https://doi.org/10.1016/j.procs.2020.03.419
Song, L. (2015). Accounting disclosure, stock price synchronicity and stock crash risk: An emerging-market perspective. International Journal of Accounting and Information Management, 23(4), 349–363. https://doi.org/10.1108/IJAIM-02-2015-0007
Subramaniam, V., & Wasiuzzaman, S. (2019). Geographical diversification, firm size and profitability in Malaysia: A quantile regression approach. Heliyon, 5(10). https://doi.org/10.1016/j.heliyon.2019.e02664
Zaki, M., Islahuddin, & Shabri, M. (2017). Pengaruh Profitabilitas, Leverage Keuangan dan Ukuran Perusahaan Terhadap Harga Saham (Studi Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia Periode 2005-2014). Jurnal Megister Akuntansi, 6(2), 58–66. http://jurnal.unsyiah.ac.id/JAA/article/view/8969
Elwisam, R. Y. A. (2018). Pengaruh Current Ratio, Return on Assets, Debt to Equity Ratio dan Total Assets Turnover Terhadap Harga Saham pada Perusahaan LQ45 Tahun 2013-2015. Jurnal Ilmu Manajemen, 14(2), 26–42.
Eyer, J. (2018). The effect of firm size on fracking safety. Resource and Energy Economics, 53, 101–113. https://doi.org/10.1016/j.reseneeco.2018.02.006
Fiorensia, F., Siregar, L., Nainggolan, C. D., & Silitonga, H. P. (2019). Dampak Quick Ratio Dan Debt To Equity Ratio Terhadap Price Earning Ratio Pada Pt Merck, Tbk. Financial: Jurnal Akuntansi, 5(2), 91–98. https://doi.org/10.37403/financial.v5i2.114
Fu, J., Wu, X., Liu, Y., & Chen, R. (2020). Firm-specific investor sentiment and stock price crash risk. Finance Research Letters, August 2019, 101442. https://doi.org/10.1016/j.frl.2020.101442
Hartono, J. (2017). Teori Portofolio dan Analisis Investasi (Sebelas). BPFE.
Hery. (2016). Financial Ratio For Business. Grasindo.
Inrawan, A., Jubi, Silitonga, H. P., & Sudirman, A. (2020). PENGARUH LIKUIDITAS DAN SOLVABILITAS TERHADAP RENTABILITAS MODAL SENDIRI PADA PKPRI DI KABUPATEN SIMALUNGUN. 5(1), 1–15.
Jaisinghani, D., & Kanjilal, K. (2017). Non-linear dynamics of size, capital structure and profitability: Empirical evidence from Indian manufacturing sector. Asia Pacific Management Review, 22(3), 159–165. https://doi.org/10.1016/j.apmrv.2016.12.003
Manurung, A. H. (2012). Konsep dan Empiris Teori Investasi. PT Adler Manurung Press.
Mentari, R. I. (2012). Dampak ROE, NPM, dan Ukuran Perusahaan terhadap Harga Saham Perusahaan yang Tercantum dalam Indeks LQ45 BEI pPeriode 2010-2012. Jurnal Akuntansi, UDINUS, 1–17.
Octaviani, S., & Komalasarai, D. (2017). PENGARUH LIKUIDITAS, PROFITABILITAS, dan SOLVABILITAS TERHADAP HARGA SAHAM (Studi Kasus pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia). Jurnal Akuntansi., 3(2), 77–89.
Osazuwa, N. P., & Che-Ahmad, A. (2016). The moderating effect of profitability and leverage on the relationship between eco-efficiency and firm value in publicly traded Malaysian firms. Social Responsibility Journal, 12(2), 295–306. https://doi.org/10.1108/SRJ-03-2015-0034
Panggabean, V. D. Y., Inrawan, A., Silitonga, H. P., & Sembiring, L. D. (2019). DAMPAK STRUKTUR ASET DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL. 4328.
Priliyastuti, N., & Stella. (2016). Pengaruh Current Ratio Dan Debt To Equity Ratio Terhadap Return On Assets. Widyakala Journal, 3(1), 23. https://doi.org/10.36262/widyakala.v3i0.21
Siahaan, Y., Susanti, E., & Sudirman, A. (2020). Effect of firm characteristics on firm value through triple bottom line disclosure: Pharmaceutical companies listed on Indonesia stock exchange. International Journal of Scientific and Technology Research, 9(2), 2228–2234.
Silitonga, H. P., Siregar, L., Tarigan, P., & Inrawan, A. (2017). PENGARUH LIKUIDITAS DAN LEVERAGE TERHADAP PROFITABILITAS PADA PT JAPFA COMFEED INDONESIA , Tbk . YANG TERDAFTAR DI BURSA EFEK INDONESIA. 3(1), 1–9.
Singh, A., & Shakya, S. (2020). ScienceDirect ScienceDirect Analysis of look back period for stock price prediction with Analysis of look back period price prediction with RNN variants : A case study for on stock banking sector of NEPSE RNN variants : A case study on banking sector of N. Procedia Computer Science, 167(2019), 788–798. https://doi.org/10.1016/j.procs.2020.03.419
Song, L. (2015). Accounting disclosure, stock price synchronicity and stock crash risk: An emerging-market perspective. International Journal of Accounting and Information Management, 23(4), 349–363. https://doi.org/10.1108/IJAIM-02-2015-0007
Subramaniam, V., & Wasiuzzaman, S. (2019). Geographical diversification, firm size and profitability in Malaysia: A quantile regression approach. Heliyon, 5(10). https://doi.org/10.1016/j.heliyon.2019.e02664
Zaki, M., Islahuddin, & Shabri, M. (2017). Pengaruh Profitabilitas, Leverage Keuangan dan Ukuran Perusahaan Terhadap Harga Saham (Studi Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia Periode 2005-2014). Jurnal Megister Akuntansi, 6(2), 58–66. http://jurnal.unsyiah.ac.id/JAA/article/view/8969
Published
2020-05-31
How to Cite
Astuti, A., Susanti, E., & Silitonga, H. (2020). ANALISIS DAMPAK RASIO KEUANGAN PERUSAHAAN TERHADAP HARGA SAHAM PADA PERUSAHAAN YANG TERCATAT PADA JII. Jesya (Jurnal Ekonomi Dan Ekonomi Syariah), 3(2), 108-217. https://doi.org/https://doi.org/10.36778/jesya.v3i2.202
Section
Articles
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
