The Effect of Financial Performance on Stock Prices in Food and Beverage Sub Sector Companies Registered in Indonesia Stock Exchange
Main Article Content
Abstract
Indonesia's growing economic conditions are expected to provide favorable prospects in meeting the needs of the community. The selection of this object is due to the growth of the food and beverage industry has increased. The Association of Food and Beverage Entrepreneurs (GAPMMI) estimates that the growth of the food and beverage industry specifically in the third quarter of 2022 is recorded to be quite high at 9 %, the accumulated growth of the food and beverage industry from January 2022 to the end of November 2022 is still higher than the overall industry growth which only 4% (cnnindonesia.com). This type of research is causal associative research. The researcher intends to examine the effect of variable current ratio (CR), debt to equity ratio (DER), net profit margin (NPM) on stock prices. The sampling technique in this study was purposive sampling with a total sample of 11 companies in the 2020-2022 period. The data obtained were analyzed with the help of SPSS software version 25.00 for windows. Based on the calculation, it is known that the calculated F value of 7.797 with a significance of F of 0.000 <0.05. The significance value of F is smaller than the predetermined significant level that is 0.05. So it can be concluded that all the independent variables together have a significant effect on the dependent variable. Current ratio (CR), debt to equity ratio (DER), and net profit nargin (NPM) variables together have a significant effect on stock prices on food and beverage companies listed on the IDX.
Downloads
Article Details
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
References
Anoraga, Panji. 2008. Pengantar pasar modal. PT. Rineka Cipta. Jakarta. Arikunto, Suharsimi. 2010. Prosedur Penelitian. PT. Rineka Cipta. Jakarta.
Awat, Napa J. 1998. Manajemen Keuangan Pendekatan Matematis. Gramedia Pustaka Utama. Jakarta.
Bahri, Syaiful. 2018. Metodologi Penelitian Bisnis. Penerbit Andi . Yogyakarta.
Budialim, Giovanni. 2013. Pengaruh Kinerja Keuangan dan Risiko terhadap Harga Saham Perusahaan Sektor Consumer Goods di Bursa Efek Indonesia. Periode 2007-2011. Jurnal Ilmiah, Vol.2, No.1 Universitas Surabaya. Surabaya.
Darmadji, Tjiptono dan Fakhruddin, Hendy. 2011. Pasar Modal Indonesia. Salemba Empat. Jakarta.
Darsono, 2005. Pedoman Praktis Memahami Laporan Keuangan. Yogyakarta.
Fahmi, Irham. 2011. Analisis Kinerja Keuangan, Panduan bagi Akademik, Manajer, dan Investor Untuk Menilai dan Menganalisis Bisnis dari Aspek Keuangan. Alfabeta. Bandung.
Farkhan dan Ika, 2013. Pengaruh Rasio Keuangan terhadap Harga Saham Perusahaan Manufaktur di Bursa Efek Indonesia. Jurnal Unimus, Vol.9, No.1. Universitas Stikubank. Semarang.
Feri, Mochamat. 2014. Pengaruh Rasio Profitabilitas terhadap Perubahan Harga
Saham pada Perusahaan Sektor Properti yang Listing di Bursa Efek Indonesia periode 2008-2012. Jurnal Ilmu Manajemen, Vol. 2, No. 4. Universitas Negeri Surabaya. Surabaya.
Ghozali, Imam. 2011. Aplikasi Analisis Multivariate dengan Program IBM SPSS 19. Badan Penerbit Universitas Diponegoro. Semarang.
Gitosudarmo, Indriyo dan Basri. 2002. Manajemen Keuangan. Yogyakarta.
Halim, Abdul. 2003. Analisis Investasi. Salemba Empat. Jakarta.
Hanafi, Mahmud M. 2007. Analisis Laporan Keuangan. Yogyakarta
Harahab, Sofyan Syafri. 2002. Analisa Kritis atas Laporan Keuangan. PT. Raja Grafindo Persada. Jakarta.
Hermawan, Dedi Aji. 2012. Pengaruh Debt to Equity Ratio, Earning Per Share, dan Net Profit Margin terhadap Harga Saham. Jurnal Manajemen, Vol 1, No. 5. Universitas Negeri Semarang. Semarang.
Husnan, Suad. 2001. Dasar-dasar Teori Portofolio dan Analisis Sekurita. Yogyakarta
Jogiyanto, 2003. Teori Portofolio dan Analisis Investasi. Yogyakarta.
Kasmir, 2012. Bank dan Lembaga Keuangan Lainnya. Raja Grafindo Persada. Jakarta.
Munawir, 2012. Analisis Laporan Keuangan. Yogyakarta.
Nuryana, Ida. 2013. Pengaruh Rasio Keuangan terhadap Harga Saham Perusahaan LQ 45 di Bursa Efek Indonesia. Jurnal Akuntansi Aktual, Vol. 2, No. 2. Universitas Kanjuruhan. Malang.
Samsul, Mohamad. 2006. Pasar Modal & Manajemen Portofolio. Erlangga. Jakarta.
Sarwono, Jonathan. 2006. Metode Penelitian Kuantitatif dan Kualitatif. Edisi Pertama. Graha Ilmu. Yogyakarta.
Sudiyatno, Bambang. 1997. Manajemen Keuangan 1. Semarang
Sugiyono, 2010. Metode Penelitian Kuantitatif Kualitatif. Alfabeta. Bandung.
Supangkat, Harry. 2005. Buku Panduan Direktur Keuangan. Salemba Empat. Jakarta.
Susilowati, Yeye dan Tri Turyanto. 2011. Reaksi Signal Rasio Profitabilitas dan Rasio Solvabilitas terhadap Harga Saham Perusahaan. Jurnal Dinamika Keuangan dan Perbankan, Vol. 3, No.1. Universitas Stikubank. Semarang.
Thrisye, Risca Yuliana dan Simu, Nicodemus. 2013. Analisis Pengaruh Rasio Keuangan terhadap Harga saham BUMN Sektor Pertambangan Periode 2007-2010. Jurnal Akutansi dan Bisnis. Vol. 8, No. 2. Perbanas Institute. Jakarta.
Tika, Maya Pribawanti. 2006. Analisis Pengaruh Rasio Keuangan terhadap Total
Harga Saham pada Perusahaan Manufaktur di Bursa Efek Indonesia. Universitas Negeri Semarang. Semarang.
Ulupui. IG. K. A. 2006. Analisis Pengaruh Rasio Likuiditas, Leverage, dan Aktivitas terhadap Harga Saham (Studi pada Perusahaan Makanan dan Minuman dengan Kategori Industri Barang Konsumsi Di BEI). Jurnal Akuntansi. Vol. 2, No.1. Universitas Udayana.