Jurnal Manajemen
Vol 1 No 1 (2011)

PENGARUH RASIO PROFITABILITAS, RASIO LEVERAGE, RASIO LIKUIDITAS, DAN ECONOMIC VALUE ADDED TERHADAP HARGA SAHAM INDUSTRI MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

Prima Apriwenni, SE., M.Ak., MM., M.Ak (Institut Bisnis dan Informatika Kwik Kian Gie)
Ir. Tumpal J.R Sitinjak, MM (Institut Bisnis dan Informatika Kwik Kian Gie)
Viani Vemberia (Institut Bisnis dan Informatika Kwik Kian Gie)



Article Info

Publish Date
28 Nov 2011

Abstract

This research intended to examine the influence of profitability ratio, leverage ratio, liquidity ratio, and economic value added toward the stock market price in manufacturing industry listed on the Indonesia Stock Exchange.  This research conducts hypothesis testing of 80 manufacturing companies listed on the Indonesia Stock Exchange during the period of 2007-2009 based on purposive sampling method. This research employs multiple regression analysis tool, validity test-regression model, and classical assumption test. The result shows that among the five financial ratios used as independent variables in this research, only earning per share (EPS) and current ratio (CR) positive and significantly influence the stock market price. This research concludes that EPS and CR positive and significantly affect the stock market price, whereas return on equity (ROE), debt to equity ratio (DER), and economic value added (EVA) do not have any effect towards stock market price.  Keywords: profitability ratio, leverage ratio, liquidity ratio, economic value added, stock price.

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Journal Info

Abbrev

JM

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Jurnal Manajemen mempunyai misi untuk mendorong pengembangan praktik dan teori manajemen di Indonesia melalui penyebarluasan temuan-temuan hasil riset dibidang sains dan kasus manajemen, terdiri dari bidang sumber daya manusia, pemasaran, strategik, keuangan, dan ...