Pengaruh Kinerja Keuangan dan Nilai Pasar terhadap Harga Saham: Studi pada Perusahaan yang Secara Konsisten Terdaftar sebagai Indeks LQ45 Selama 2020-2021

https://doi.org/10.35912/sakman.v2i1.1651
Published: Dec 12, 2022

Abstract:

Purpose: Assessment of the company's financial performance often uses financial ratios, because financial ratios can provide information on the company's past and current financial condition. Information about financial performance has quite an effect on stock prices because it can provide an overview of the condition of the company as a whole, not only in terms of profit but in terms of assets, debt, capital, and others. This study aims to examine and analyze the effect of financial performance as assessed by Profitability, Liquidity, Solvency, and Market Value, effect on Stock Prices, because there are differences between actual and theoretical data, and there are research gaps in previous studies. The objects of this study are companies listed on the LQ 45 in the 2020-2021 period by disclosing and presenting the required data consistently registered as the LQ45 Index during the 2020-2021 period.

Method: used in selecting objects in this study was purposive sampling involving 40 LQ 45 companies listed on the Indonesia Stock Exchange. The data used was panel data regression, and the Chow and Hausman tests were used to select the best test model. Result: The results showed that based on the t-test the results were obtained: the financial performance variables assessed using Profitability, Liquidity and Solvency had no effect on Stock Prices where sig > 0.05 and Market Value Variables had an effect on Stock Prices because sig < 0.005.

Contribution: This information is needed by potential investors because the decision to invest requires a thorough analysis to avoid losses.

Keywords:
1. Stock Price
2. Profitability
3. Liquidity
4. Leverage
5. Market Value
Authors:
1 . Amalia Savitri
2 . Dahlia Br. Pinem
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How to Cite
Savitri, A. ., & Pinem, D. B. . (2022). Pengaruh Kinerja Keuangan dan Nilai Pasar terhadap Harga Saham: Studi pada Perusahaan yang Secara Konsisten Terdaftar sebagai Indeks LQ45 Selama 2020-2021. Studi Akuntansi, Keuangan, Dan Manajemen, 2(1), 59–70. https://doi.org/10.35912/sakman.v2i1.1651
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Vol. 2 No. 1 (2022): Juli
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  1. Adipalguna, I. S., & Suarjaya, A. G. (2016). Pengaruh Likuiditas, Solvabilitas, Aktivitas, Profitabilitas, Dan Penilaian Pasar Terhadap Harga Saham Perusahaan LQ45 Di BEI. E-Jurnal Manajemen Unud.
  2. Ahmed, I. (2018). Impact of Dividend Per Share and Earnings Per Share on Stock Prices : A Case Study From Pakistan (Textile Sector). International Journal of Social Sciences, Humanities and Education.
  3. Al-Qudah, H. A. (2020). The Impact of Financial Performance of Stock Prices of Jordanian Islamic Banks (During Period from 2010 to 2018). International Journal of Economics and Financial Issues.
  4. Aulia, N. M., Pinem, D. B., & Aziz, A. (2021). Analisis Determinan Harga Saham Perusahaan Sektor Consumer Goods Di Bursa Efek Indonesia (BEI). Business Management, Economic, and Accounting National Seminar.
  5. Aviantoro, H., Pinem, D. B., & Kusmana, A. (2021). Analisis Harga Saham Pada Perusahaan Property Dan Real Estate Yang Terdaftar Di BEI. Business Management, Economic, and Accounting National Seminar.
  6. Febriyani, R. M. (2017). Pengaruh Return On Assets, Debt To Equity Ratio Dan Dividend Payout Ratio Terhadap Harga Saham. Skripsi.
  7. Jogiyanto, H. (2015). Teori Portofolio dan Analisis Investasi. Yogyakarta: BPFE.
  8. Krizia, A. (2021). Analisis Kinerja Keuangan Perusahaan Sebelum Dan Sesudah Right Issue. Skripsi.
  9. Kundiman, A., & Hakim, L. (2016). Pengaruh Current Ratio, Debt To Equity Ratio, Return On Assets, Return On Equity, Terhadap Harga Saham Pada INDEKS LQ45 Di BEI Periode 2010-2014. Among Makarti.
  10. Lucia, T. I. (2017). Pengaruh Earning Per Share, Return On Equity, Dividend Payout Ratio, Dan Debto To Equity Ratio Terhadap Harga Saham Pada Perusahaan LQ45. Artikel Ilmiah.
  11. Pernici, C. (2018). PENGARUH RASIO PROFITABILITAS TERHADAP HARGA SAHAM PADA PERUSAHAAN KONSTRUKSI YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2012-2017. Skripsi.
  12. Rahaman, M. M., & Chowdhury, M. A. (2017). Impact of Financial Performance on Stock Price of Non-Bank Financial Institutions (NBFI) in Bangladesh.
  13. Sapitri, N. (2018). Pengaruh Current Ratio (CR), Net Profit Margin (NPM), Earning Per Share (EPS), Dan Debt To Equity Ratio (DER) Terhadap Harga Saham Pada Perusahaan Yang Tergabung Dalam Indeks LQ45 Yang Terdaftar Di Bursa Efek Indonesia (BEI) Periode 2014-2016. Artikel Ilmiah.
  14. Suryana, N., & Anggadini, S. D. (2020). Analysis of Stock Prices Affected by Current Ratio. International Journal Of Science, Technology & Management.
  15. Suryasari, N. N., & Artini, L. S. (2020). PENGARUH TAT, CR, ROA, DAN PER TERHADAP HARGA SAHAM PROPERTI DAN REAL ESTATE DI BEI. E-Jurnal Manajemen.
  16. Takarini, N., & Hendrarini, H. (2011). Rasio Keuangan Dan Pengaruhnya Terhadap Harga Saham Perusahaan Yang Terdaftar Di Jakarta Islamic Index. Journal Of Business and Banking.
  17. Tunnisa, F. (2016). Pengaruh Struktur Modal Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Intervening Pada Perusahaan Manufaktur Di Bursa Efek Indonesia. Skripsi.
  18. Wicaksono, R. B. (2015). Pengaruh EPS, PER, DER, ROE Dan MVA Terhadap Harga Saham. Karya Ilmiah.
  19. Widayanti, R., & Colline, F. (2017). Pengaruh Rasio Keuangan Terhadap Harga Saham Perusahaan LQ45 Periode 2011-2015. Jurnal Bina Ekonomi.