PENGARUH RETURN ON ASSET, RETURN ON EQUITY, NET PROFIT MARGIN DAN DEBT TO EQUITY RATIO TERHADAP HARGA SAHAM
DOI:
https://doi.org/10.32493/skt.v1i3.1096Abstract
ABSTRACT
Penelitian ini bertujuan untuk menganalisis seberapa besar pengaruh ROA, ROE, NPM dan DER secara simultan dan parsial terhadap harga saham perusahaan pertambangan sektor batubara yang terdaftar di Bursa Efek Indonesia Tahun 2012-2014. Sampel dalam penelitian ini sebanyak 20 perusahaan pertambangan sektor batubara yang terdaftar di Bursa Efek Indonesia.
Hasil dengan menggunakan uji F menunjukan bahwa kinerja perusahaan yang diukur dengan ROA, ROE, NPM dan DER mempunyai pengaruh signifikan terhadap harga saham. Secara parsial dengan uji t disimpulkan bahwa secara parsial variabel ROA, ROE dan DER tidak berpengaruh secara signifikan terhadap harga saham, sedangkan variabel NPM berpengaruh signifikan terhadap harga saham. Koefisien determinasi yang ditunjukan dari nilai adjusted Rsquare sebesar 0,218. Hal ini berarti bahwa 21,8% variabel dependen yaitu harga saham dapat dijelaskan oleh empat variabel independen yaitu ROA, ROE, NPM dan DER, sedangkan sisanya 78,2% dijelaskan oleh variabel atau sebab-sebab lainnya diluar model. NPM berpengaruh dominan terhadap harga saham pada perusahaan pertambangan sektor batubara yang terdaftar pada di Bursa Efek Indonesia Periode 2012 - 2014.
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