PENGARUH LEVERAGE, LIKUIDITAS DAN PROFITABILTAS TERHADAP HARGA SAHAM PADA INDUSTRI ROKOK YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2018-2022

Abstract

This research is motivated by Leverage, Liquidity and Profitability which cause Stock Prices to Fluctuate. The objectives of this study are: (1) To determine whether or not there is a simultaneous influence of Leverage, Liquidity and Profitability on Stock Prices in the Cigarette Industry listed on the Indonesia Stock Exchange for the 2018-2022 period. (2) To determine whether or not there is a partial influence of Leverage, Liquidity and Profitability on Stock Prices in the Cigarette Industry listed on the Indonesia Stock Exchange for the 2018-2022 period. The sample used in this study was 4 Cigarette companies listed on the Indonesia Stock Exchange for the 2018-2022 period. In this study using quantitative methods and descriptive approaches, with the collection of documentation data where the data is obtained from company documents through www.idx.co.id then conducting various tests such as descriptive analysis tests, panel data regression analysis tests, simultaneous tests (F), partial tests (t), determination coefficient tests with the Eviews 9 application tool. So the sample of this study is 4 companies with a period of 5 years multiplied, so that the amount of data (N) is (4 x 5) = 20 observations. The results of the study show that (1) Leverage, Liquidity and Profitability simultaneously affect Stock Prices, (2) Leverage simultaneously affects Stock Prices, (3) Liquidity simultaneously does not affect Stock Prices, (4) Profitability simultaneously does not affect Stock Prices.