Analisis Pengaruh Rasio Profitabilitas, Solvabilitas, Aktivitas, dan Pasar terhadap Harga Saham pada Perusahaan Manufaktur: Subsektor Plastik dan Kemasan yang Terdaftar di BEI

Esti Nur Hidayah, Bambang Sugeng Dwiyanto

Abstract


This study aimed to examine the effect of Return on Asset (ROA), Debt to Equity Ratio (DER), Total Asset Turnover (TATO), and Price to Book Value (PBV) on stock prices in manufacturing companies in the plastic subsector and packaging listed on Indonesia Stock Exchange year period 2015-2019. The population in this study were the manufacturing companies in the plastic subsector and packaging listed on the Indonesia Stock Exchange year period 2015-2019 that were 13 companies the sampling technique used in this study was purposive sampling method.  The samples taken were 9 companies that published financial reports during the study period. The data analysis tools used were the classic assumption test (linearity test, normality test, multicollinearity test, heteroscedasticity test, and autocorrelation test), multiple regression analysis, F-test, t-test, and determination test. The results of this study indicated that the Return on Assets (ROA) had a positive effect but was insignificant on stock prices. The Debt to Equity Ratio (DER), and Price to Book Value (PBV) had a positive significant effect on stock prices. MeanwhileTotal Asset Turnover (TATO) had a negative significant effect on stock prices. Simultaneously, the effect of Return on Asset (ROA), Debt to Equity Ratio (DER), Total Asset Turnover (TATO), and Price to Book Value (PBV) had a significant effect on stock prices in the plastic subsector and packaging of companies listed on Indonesia Stock Exchange year period 2015-2019.

Keywords


Debt to equity (DER); Price to book value (PBV); Return on assets (ROA); Stock prices; Total asset turnover (TATO)

Full Text:

PDF

References


Brigham, E., & Houston, H. (2018). Dasar-Dasar Managemen Keuangan. Edisi Keempat. Jakarta: Salemba Empat.

Bursa Efek Indonesia (2018). Pengaruh Rasio Keuangan Terhadap Harga Saham Pada Perusahaan Jasa Yang Terdaftar Dalam Indeks LQ45 di Bursa Efek Indonesia (BEI) Periode 2012-2016. 5(2), 127–138.

Bursa Efek Indonesia (2020). Laporan Keuangan dan Tahunan. Diakses pada: https://idx.co.id/perusahaan-tercatat/laporan-keuangan-dan-tahunan-

Bursa Efek Indonesia (2020). Ringkasan Performa Perusahaan Tercatat. Diakses pada: https://idx.co.id/data-pasar/laporan-statistik/ringkasan-performa-perusahaan-tercatat/

Cahyaningrum, Y. W. & Antikasari, T. W. (2017). Pengaruh Earning Per Share, Price To Book Value, Return on Asset, dan Return on Equity terhadap Harga Saham Sektor Keuangan. J. Econ., 13(2), 191, https://10.21831/economia.v13i2.13961.

Desiana, L. (2017). Pengaruh Earning Ratio, Earning Per Share, Dividend Yield, Dividend Payout Ratio, Book Value Per Share dan Price Book Value ke Harga Saham Perusahaan Sub-sektor Makanan dan Minuman yang tergabung dalam Jakarta Islamic Index (JII). I-Finance, 3(2), 199–212.

Fahmi, I., (2012). Pengantar Pasar Modal. Edisi Pertama. Bandung: Alfabeta.

Ghozali, I., (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25. Edisi Kesembilan. Semarang: Universitas Diponegoro.

Harahap, S. S. (2015), Analisis Kritis Atas Laporan Keuangan. Edisi Keduabelas. Jakarta: Salemba Empat.

Kasmir, K. (2012). Analisis Laporan Keuangan, 1st ed. Jakarta: PT Raja Grafindo Persada.

Kementerian Perindustrian Republik Indonesia (2017). Industri Plastik Jadi Sektor Prioritas. Diakses pada: https://kemenperin.go.id/artikel/16987/Industri-Plastik-Jadi-Sektor-Prioritas-Kemenperin.%202017.%20%E2%80%9CIndustri%20Plastik%20Jadi%20Sektor%20Prioritas%20Kemenperin.

Nur’aidawati, S. (2018). Pengaruh Current Ratio (CR), Total Asset Turnover (TATO), Debt to Equity Ratio (DER), dan Return on Asset (ROA) terhadap Harga Saham dan Dampaknya pada Nilai Perusahaan: Studi Kasus pada Sepuluh Bank Terbesar yang terdaftar di Bursa Efek Indonesia Periode Tahun 2011–2015. Jurnal Sekuritas (Saham, Keuangan, Investasi), 1(3), 70-83.

Okezone (2019). Naik 6,9%, Produksi Plastik RI Tembus 7,23 Juta Ton. Diakses pada: https://economy.okezone.com/read/2019/11/21/320/2132792/naik-6-9-produksi-plastik-ri-tembus-7-23-juta-ton

P. L. Q. Periode et al., (2017), Pengaruh Rasio Keuangan terhadap Harga Saham. 21(4), 35–49.

Sartono, A. (2014). Manajemen Keuangan: Teori dan Aplikasi, Edisi Keempat. Yogyakarta: BPFE UGM.

Sari, W. P. (2018). Perusahaan Manufaktur Go Public yang Terdaftar di Bursa Efek Indonesia. 2(1), 43–52.

Sekaran, U. (2019). Metode Penelitian untuk Bisnis: Pendekatan Pengembangan Keahlian. Jakarta: Salemba Empat.

Sugiyono, S. (2018), Metode Penelitian Bisnis: Pendekatan Kuantitatif, Kualitatif, Kombinasi, dan R&D. Bandung: Alfabeta.

Tjiptono, F., & Darmadji, D. (2012). Pasar Modal di Indonesia. Edisi Keempat. Jakarta: Salemba Empat.




DOI: http://dx.doi.org/10.30588/jmt.v1i01.1221

Article Metrics

Abstract view : 125 times
PDF - 0 times

Refbacks

  • There are currently no refbacks.


Copyright (c) 2023 Esti Nur Hidayah, Bambang Sugeng Dwiyanto

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Lisensi Creative Commons
Jurnal Mantra: Manajemen Strategis (JMT) is licensed under a Creative Commons Atribution 4.0 International License. Based on a work at http://ejournal.up45.ac.id/index.php/mantra

Jurnal Mantra: Manajemen Strategis has been indexed/archived by:

Journal of Mantra: Strategic Management (JMT)

Organized by Management Department, Universitas Proklamasi 45. Yogyakarta, Indonesia

Published by Universitas Proklamasi 45, Yogyakarta, Indonesia.

Email: jurnal.mantra@up45.ac.id  |  jurnalmantra@gmail.com

e-ISSN 0101-2023