Pengaruh Profitabilitas Dan Likuiditas Terhadap Harga Saham Pada PT Indofood Sukses Makmur Tbk Periode 2011-2020
Abstract
This study aims to determine the effect of profitability and liquidity on the stock price of PT Indofood Sukses Makmur Tbk. This type of research is descriptive quantitative. The research sample is the financial statements for the 2011-2020 period and uses SPSS 22.0. The data analysis method used is the classical assumption test, multiple linear regression analysis, hypothesis testing and analysis of the coefficient of determination. The results of the partial test (T test) of Profitability with the proxy for Return On Assets with a significant value of 0.029 < 0.05 and a t-count of 2.843 > 2.477, then Ho is rejected and Ha is accepted, thus profitability has a significant effect on stock prices. Furthermore, liquidity with the proxy Current Ratio significant value 0.163> 0.05 and t-count of 1.588 <2.477 then Ho is accepted and Ha is rejected thus Liquidity has no significant effect on stock prices. Based on the simultaneous test (F test) with a significant value of 0.045 <0.05 and F-count of 5.445 > F-table 5.14, Ho is rejected and Ha is accepted. This shows that simultaneously Profitability and Liquidity have a significant effect on Stock Prices. The results of the coefficient of determination (R) in this study were 0.645, this indicates that the contribution of Profitability (ROA) and Liquidity (CR) to stock prices is 64.5%. While the remaining 35.5% is influenced by other variables that are not included in this research model.
Keywords : Profitability, Return On Asset, liquidity, Current ARatio, Stock Price
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