THE EFFECT OF CURRENT RATIO, RETURN ON EQUITY (ROE) SALES GROWTH, DIVIDEND PAYOUT RATIO ON STOCK PRICE OF LQ45 COMPANIES LISTED IN THE INDONESIA STOCK EXCHANGE IN 2012-2015 PERIOD

Jurnal Akuntansi Prima, Volume VIII, Nomor I, Januari 2018

Rabu, 31 Januari 2018 16:56 | Sudah dibaca 1009 kali

The stock price of a company is one indicator that shows interest from investors to own shares of a company. If the company's stock price goes up, investors will judge the company to have a good performance. This research was conducted at LQ45 companies listed in Indonesia Stock Exchange. The purpose of this study is to determine the effect of current ratio, return on equity, sales growth, and dividend payout ratio partially and simultaneously to stock prices. The populations of this study were LQ45 companies listed on the Indonesia Stock Exchange in 2012 -2015. The data of this research were secondary data and hypothesis testing was performed using multiple linear regression analysis. The result of coefficient of determination test showed that simultaneously, ability of variable of current ratio, return on equity, sales growth, and dividend payout ratio in explaining stock price is 18,8%. Partially, return on equity and dividend payout ratio have significant effect to stock price, while current ratio and sales growth have no significant effect to stock price. Simultaneously, current ratio, return on equity, sales growth, and dividend payout ratio has significant effect on stock price.

Kata Kunci: CR, ROE, Sales Growth, DPR, Stock Price