Pengaruh Rasio-rasio Keuangan terhadap Perubahan Harga Saham yang Termasuk dalam LQ-45

Aji, Adhe Pangesti, Drs. M. Irfan Nursasmito, M.Si., Ak.

2007 | Skripsi | S1 Extention - Accounting

Penelitian ini bertujuan untuk mengetahui besarnya pengaruh variable-variabel fundamental yang terdiri dari Quick Ratio, Return on Equity, Net Profit Margin, Debt to Equity ratio, Debt to Asset Ratio, Price Earning ratio, Price book value secara simultan maupun parsial dalam mempengaruhi perubahan harga saham pada perusahaan-perusahaan yang termasuk dalam kelompok LQ-45 di PT. Bursa Efek Jakarta. Analisis fundamental mencoba memperkirakan harga saham dimasa yang akan datang dengan mengestimasi nilai-nilai factor/variable fundamental yang mempengaruhi harga saham dimasa yang akan datang dan menganalisis hubungan- hubungan varibel tersebut sehingga diperoleh taksiran harga. Didalam menilai surat berharga, seorang investor tidak dapat mengabaikan kondisi perekonomian, baik secara makro maupun mikro. Kondisi ekonomi mikro seperti kinerja keuangan perusahaan, kemampuan manajemen perusahaan, dan laju pertumbuhan laba perusahaan sangat mempengaruhi perilaku investor didalam memilih saham. Demikian pula dengan kondisi makro seperti tingkat inflasi, tingkat bunga, dan kebijakan pemerintah sangat berpengaruh baik pada kinerja perusahaan maupun pada perilaku investor didalam memilih saham. Hasil penelitian menunjukkan bahwa secara bersama-sama variable Quick Ratio, Return on Equity, Net Profit Margin, Debt to Equity ratio, Debt to Asset Ratio, Price Earning ratio, Price book value mempengaruhi harga saham secara signifikan, sedangkan secara parsial hanya variable NPM yang mempengaruhi harga saham secara signifikan.




Kata kunci: Harga saham, Quick Ratio, Return on Equity, Net Profit Margin, Debt to Equity ratio, Debt to Asset Ratio, Price Earning ratio, Price book value

This research goals to know how much influence of fundamental variables that consists of Quick Ratio, Return on Equity, Net Profit Margin, Debt to Equity ratio, Debt to Asset Ratio, Price Earning ratio, Price book value according to collectively and separately in contents influence share value of companies that include in LQ-45 at Jakarta Stock Exchange. Fundamental analysis try to expect share value in the future by estimate fundamental variable value that influence share value in the future and analyze variables relation so that have gotten expected value. According to expect valuable certificate, investor can't neglect economic condition, macro and micro. Micro economic condition like company's financial performance, ability of company's management, and growth profit has influenced investor according to choose share. So that macro condition like inflation degree, interest degree, and government policy has influenced to company performance and investor behavior according to choose share. Result of this research show that according to collectively, Quick Ratio, Return on Equity, Net Profit Margin, Debt to Equity ratio, Debt to Asset Ratio, Price Earning ratio, Price book value variable have significant influence share value, whereas according to separately only NPM variable that have significant influence share value. Key words: share value, Quick Ratio, Return on Equity, Net Profit Margin, Debt to Equity ratio, Debt to Asset Ratio, Price Earning ratio, Price book value

Kata Kunci : Rasio Keuangan; Harga Saham; LQ 45