PENGARUH RETURN ON EQUITY, NET PROFIT MARGIN DAN CURRENT RATIO TERHADAP HARGA SAHAM PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2014 - 2019
DOI:
https://doi.org/10.33143/jecs.v8i1.1995Abstract
Tujuan penelitian ini adalah untuk menguji Pengaruh Return On Equity, Net Profit Margin dan Current Ratio secara simultan dan parsial terhadap Harga Saham pada Perusahaan Makanan dan Minuman yang terdaftar di Bursa Efek Indonesia periode 2014-2019. Data yang digunakan adalah data sekunder berupa laporan keuangan Perusahaan Makanan dan Minuman di Bursa Efek Indonesia. Metode analisis yang digunakan adalah regresi linier berganda. Hasil penelitian menunjukkan bahwa Return On Equity, Net Profit Margin dan Current Ratio secara bersama-sama berpengaruh signifikan terhadap Harga Saham pada Perusahaan Makanan dan Minuman yang terdaftar di Bursa Efek Indonesia periode 2014-2019. Secara parsial Return On Equity berpengaruh positif tidak signifikan terhadap Harga Saham pada Perusahaan Makanan dan Minuman dengan pengaruh sebesar 0,095. Net Profit Margin berpengaruh positif signifikan terhadap Harga Saham pada Perusahaan Makanan dan Minuman dengan pengaruh sebesar 0,438. Current Ratio berpengaruh negative signifikan terhadap Harga Saham pada Perusahaan Makanan dan Minuman dengan pengaruh sebesar -1,192. Nilai R sebesar 0,763 (76,3 %) artinya Harga Saham memiliki hubungan yang kuat dengan Return On Equity, Net Profit Margin dan Current Ratio dan nilai R2 sebesar 0,582, artinya kemampuan variabel independen didalam menjelaskan variabel dependen adalah sebesar58,2 %.
Kata kunci: Return On Equity, Net Profit Margin, Current Ratio dan Harga Saham
The purpose of this study was to examine the effect of Return On Equity, Net Profit Margin and Current Ratio simultaneously and partially on stock prices in food and beverage companies listed on the Indonesia Stock Exchange for the period 2014-2019. The data used is secondary data in the form of financial statements of Food and Beverage Companies on the Indonesia Stock Exchange. The analytical method used is multiple linear regression. The results show that Return On Equity, Net Profit Margin and Current Ratio together have a significant effect on stock prices in Food and Beverage Companies listed on the Indonesia Stock Exchange for the period 2014-2019. Partially Return On Equity has a positive and insignificant effect on Stock Prices in Food and Beverage Companies with an effect of 0.095. Net Profit Margin has a significant positive effect on Stock Prices in Food and Beverage Companies with an effect of 0.438. Current Ratio has a significant negative effect on Stock Prices in Food and Beverage Companies with an effect of -1.192. The R value of 0.763 (76.3%) means that the stock price has a strong relationship with Return On Equity, Net Profit Margin and Current Ratio and the R2 value is 0.582, meaning that the ability of the independent variable in explaining the dependent variable is 58.2%.
Keywords: Return On Equity, Net Profit Margin, Current Ratio and Stock Price
References
Agus, H dan Martono. 2014. Analisa Laporan Keuangan. Yogyakarta: Ekonisia.
Bodie, Kane dan Marcus. 2014. Manajemen Portofolio dan Investasi (Investment). Edisi 9. Jilid 2. Jakarta: Salemba Empat.
Brigham, E. F. dan Houston, J. F. 2010. Dasar-dasar Manajemen Keuangan.
Buku 1 Edisi 11. Jakarta: Salemba Empat.
Darmadji, T. dan Fakhruddin. 2012. Pasar Modal Di Indonesia. Edisi Ketiga.
Jakarta: Salemba Empat.
Eduardus, Tandelilin. 2010. Portofolio Dan Investasi. Teori dan Aplikasi, Edisi Pertama. Yogyakarta: Kanisius.
Egam, Gerald Edsel Yernia; Ilat, Ventje dan Pengerapan, Sonny. Pengaruh ROA, ROE, NPM dan EPS terhadap Harga Saham Perusahaan LQ45 di BEI Periode 2013-2015. Jurnal EMBA. Vol. 5, No. 1. ISSN No. 2303-1174. Manado: Universitas Sam Ratulangi.
Fahmi, Irham. 2012. Pengantar Pasar Modal. Bandung: Alfabeta.
Gitman, Lawrence J., dan Chad J. Zutter. 2012. Principle of Managerial Finance.
England: Pearson Education Limited.
Harahap, Sofyan Syafri. 2011. Analisis Kritis atas laporan Keuangan. Edisi Pertama, Cetakan ke sepuluh. Jakarta: PT Bumi Aksara.
Hermuningsih, Sri. 2012. Pengantar Pasar Modal Indonesia. Yogyakarta: UPP STIM YKPN.
Hery. 2015. Analisis Laporan Keuangan. Yogyakarta: CAPS.
Husnan, Suad. 2013. Teori Portofolio dan Analisis Sekuritas. Sekolah Tinggi Ilmu Manajemen. Yogyakarta: YKPN.
Jogiyanto. 2010. Teori Portofolio dan Analisis Investasi. Yogyakarta: BPFE. Kasmir. 2012. Analisis Laporan Keuangan. Cetakan Keempat. Jakarta: PT. Raja
Grafindo Persada.
. 2014. Analisis Laporan Keuangan. Jakarta: PT. Raja Grafindo Persada.
. 2016. Analisis Laporan Keuangan. Cetakan Kesembilan. Jakarta: PT. Raja Grafindo Persada.
Kuncoro, Mudrajad. 2013. Metode Riset untuk Bisnis dan Ekonomi. Edisi 4.
Jakarta: Erlangga.
Lambogia, Adolf Jelly Glen; Vista, Chirike dan Dini, Siti. 2020. Pengaruh CR, DER, NPM dan Ukuran Perusahaan terhadap Harga Saham pada Perusahaan Otomotif dan Komponen yang terdaftar di BEI tahun 2013- 2017. Jurnal Ekonomi & Ekonomi Syariah. Vol. 3, No. 1. ISSN No. 2599- 3410. Sibolga: STIE Al-Washliyah.
Murhadi, W. R. 2013. Analisis Laporan Keuangan, Proyeksi, dan Valuasi Saham.
Jakarta: Salemba Empat.
Nurmayanti, Poppy. 2010.Dasar-dasar Analisis Invetasi dan Portofolio.
Palembang: Citrabooks Indonesia.
Purdianto, Andri. 2018. Pengaruh Cr, DER, ROE dan NPM terhadap Harga Saham pada PT. Bank Central Asia Syariah. Skripsi. Tulungagung: IAIN.
Sahari, Kannia Aulia dan Suartana, I Wayan. Pengaruh NPM, ROA, ROE terhadap Harga Saham pada Perusahaan LQ45. Jurnal Akuntansi. Vol: 30, No. 5. ISSN No. 2302-8556. Denpasar: Universitas Udayana.
Samsul. 2011. Pasar Modal dan Manajemen Portofolio. Jakarta: Erlangga. Sekaran, Uma dan Bougie, Roger. 2010. Research Method For Business: A Skill
Building Approach. Edisi 5. New York: John Wiley.
Tandelilin, Eduardus. 2007. Analisis Investasi dan Manajemen. Portofolio. Edisi Pertama, Cetakan Kedua. Yogyakarta: BPFE.
Widoatmodjo, Sawidji. 2012. Cara Sehat Investasi di Pasar Modal. Edisi Revisi.
Jakarta: PT. Jurnalindo Aksara Grafika.
Widyaningrum, Tiara Putri dan Suwitho. Pengaruh ROE, CR dan EPS terhadap Harga Saham Perusahaan Otomotif di BEI. Jurnal Ilmu dan Riset Manajemen. Vol. 9, No. 2. ISSN No. 2461-0593. Surabaya: STIESIA.
Wulandari, Bayu; Daeli, Irwanton jaya; Kristiany, Imelda dan Sibarani, Winda Novita Sari. 2020. Pengaruh ROE, CR, TATO, NPM terhadap Harga Saham pada Perusahaan Manufaktur sub Perusahaan Makanan dan Minuman yang terdaftar di BEI. Riset & Jurnal Akuntansi. Vol. 4, No. 1. ISSN No. 2548-9224. Medan: Universitas Prima Indonesia.
Downloads
Issue
Section
License
COPYRIGHT TRANSFER FORM
The copyright to this article is transferred to Universitas Ubudiyah Indonesia (UUI) if and when the article is accepted for publication. The undersigned hereby transfers any and all rights in and to the paper including without limitation all copyrights to UUI. The undersigned hereby represents and warrants that the paper is original and that he/she is the author of the paper, except for material that is clearly identified as to its original source, with permission notices from the copyright owners where required. The undersigned represents that he/she has the power and authority to make and execute this assignment.
We declare that:
- This paper has not been published in the same form elsewhere.
- It will not be submitted anywhere else for publication prior to acceptance/rejection by this Journal.
- A copyright permission is obtained for materials published elsewhere and which require this permission for reproduction.
Furthermore, I/We hereby transfer the unlimited rights of publication of the above mentioned paper in whole to UUI. The copyright transfer covers the right to reproduce and distribute the article, including reprints, translations, photographic reproductions, microform, electronic form (offline, online) or any other reproductions of similar nature. The corresponding author signs for and accepts responsibility for releasing this material on behalf of any and all co-authors. After submission of this agreement signed by the corresponding author, changes of authorship or in the order of the authors listed will not be accepted.
Retained Rights/Terms and Conditions
- Authors retain all proprietary rights in any process, procedure, or article of manufacture described in the work.
- Authors may reproduce or authorize others to reproduce the work or derivative works for the author’s personal use or for company use, provided that the source and the UUI copyright notice are indicated, the copies are not used in any way that implies UUI endorsement of a product or service of any employer, and the copies themselves are not offered for sale.
- Although authors are permitted to re-use all or portions of the work in other works, this does not include granting third-party requests for reprinting, republishing, or other types of re-use.
