Faktor-Faktor yang Mempengaruhi Harga Saham: Berdasarkan Signaling Theory

Abstract

This study aims to empirically prove the effect of financial ratios on stock prices. The research population used is mining sector companies listed on the Indonesia Stock Exchange (IDX) in 2016-2019, the sampling technique used is purposive sampling and data analysis using multiple linear regression. The results of this study indicate that the current ratio can increase stock prices, so a high current ratio will increase stock prices. Earnings per share and return on assets are not able to be predictors of stock prices because they are negatively correlated, this result is contrary to the theory because in the year of observation many companies lost. A low or high debt to equity ratio is not a predictor of stock prices because it is not the main factor that can increase or decrease stock prices.

Keywords

• stock price
• earning per share
• current ratio
• return on assets
• debt to equity ratio