PENGARUH LIKUIDITAS DAN SOLVABILITAS DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERATOR TERHADAP HARGA SAHAM PADA BANK UMUM PEMERINTAH YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2015-2018

  • Nasruddin Nasruddin Program Studi Manajemen, Universitas Bina Insan, Lubuklinggau
  • Mardiana Mardiana Program Studi Manajemen, Universitas Bina Insan, Lubuklinggau
Keywords: Return on Equity, Debt to Equity Ratio, Stocks, Moderated Regression

Abstract

The study was conducted to determine the effect of the Current Ratio on Stock Prices in the Government banking sub-sector (BUMN Persero) on the Indonesia Stock Exchange during 2015-2018. The results of the Moderated Regression Analysis (MRA) test on the Current Ratio variable to the Stock Price moderated by the Return on Equity variable have an R Square value of 0.294 or 29.4%, in which the R Square value has increased by 0.06 or 6% from before moderation. From these results it can be seen that the variable Return on Equity can strengthen or increase the influence of the Current Ratio variable on stock prices. While the results of the Moderated Regression Analysis (MRA) test on the Debt to Equity Ratio variable against the Stock Price moderated by the Return on Equity variable have an R Square value of 0.548 or 54.8%, in which the R Square value has increased by 0.126 or 12. 6% from before moderation. From these results it can be seen that the variable Return on Equity can strengthen or increase the influence of the Debt to Equity Ratio variable on stock prices.

References

[1] M. . Dr. Kasmir, S.E., Analisis Laporan Keuangan, Cetakan Ke. Jakarta: PT. RAJAGRAFINDO PERSADA, 2017.
[2] S. Terhadap and H. Saham, “ANALISIS PENGARUH LIKUIDITAS, PROFITABILITAS, DAN SOLVABILITAS TERHADAP HARGA SAHAM PERUSAHAAN INDUSTRI MANUFAKTUR YANG TERDAFTAR DI KANTOR BURSA EFEK INDONESIA PERIODE 2012-2016,” 2018.
[3] N. Lestari and E. Sabrina, “Analisis pengaruh rasio profitabilitas terhadap harga saham pada sektor perbankan yang terdaftar di bursa efek indonesia,” 2012.
[4] Fahmi Irham, Ed., Manajemen Keuangan Perusahaan dan Pasar Modal, Edisi Pert. Jakarta: Mitra Wacana Media, 2014.
[5] M. M. Hanafi, Ed., MANAJEMEN KEUANGAN, Kedua. YOGYAKARTA: BPFE, 2017.
[6] T. Nilai, P. Dengan, K. Dividen, M. Fadhli, and P. Kamaliah, “Pengaruh Likuiditas, Solvabilitas dan Profitabilitas terhadap nilai perusahaan dengan Kebijakan Deviden sebagai variabel moderasi pada perusahaan Perbankan, Asuransi & Lembaga Keuangan lainnya di Bursa Efek Indonesia Tahun 2010-2013,” pp. 1–14, 2013.
[7] D. Indrajaya, “The Influence of Profitability and Solvency Ratios on Stock Prices with Inflation as Moderating Variable (Case Study on BUMN),” Int. J. Technol. Bus., vol. 3, no. 2, pp. 1–10, 2019.
[8] Dr. Sudaryono, Ed., Metodologi Penelitian Kuantitatif, Kualitatif, dan Mix Method, Edisi Kedu. Depok: PT. RAJAGRAFINDO PERSADA, 2019.
[9] Siregar Syofian, Ed., Metode Penelitian Kuantitatif, Edisi Pert. Jakarta: KENCANA, 2017.
[10] Indrawan Rully dan Poppy Yaniawati, Ed., Metodologi Penelitian, Edisi Revi. Bandung: PT. REFIKA ADITAMA, 2017.
Published
2021-06-07