Hubungan antara perubahan rasio profitabilitas dengan perubahan harga saham: pada perusahaan manufaktur yang terdaftar di BEJ periode 2002 - 2006
Budianta, Richardus Saila (Pemb : Prof. Dr. Slamet Sugiri, MBA., Ak), Prof. Dr. Slamet Sugiri, MBA., Ak
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Investors need accurate information on financial performance of companies contained in company financial report. One of most used financial report analyses is ratio analysis. Profitability ratio is financial ratio that indicates company capability to get profit. It profit increases, then stock price will be increase so stockholder will get return from stock they own.
This research aimed to test whether there is positive and significant association between change in profitability ratio and change in stock price of manufacturer companies listed in Jakarta Stock Exchange. Data used in this research include profitability ratio consisting Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM) from 2001 to 2005 and stock price from December 2002 to Desember 2006.
Multiple linier regression was used to identofy association between change in profitability ratio and change in profitability ratios relate positibely and signficantly to change in stock price. Changes in Return on Assets (ROA), Return on Equity (ROE) and Net Profil Margin (NPM) together have positive and significant association with change stock price, while Return on Equity (ROE) and Net Profit Margin (NPM) did not relate significantly to change in stock price
Kata Kunci : Profitaiblity Ratios, Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Stock Price
