Pengaruh Profitabilitas, Leverage, Likuiditas, dan Kebijakan Dividen terhadap Harga Saham pada Perusahaan Subsektor Pertambangan Batu Bara yang Terdaftar di Bursa Efek Indonesia

Mega Sri Lestari, Yayat Supriyatna, Iqbal Lhutfi

Abstract


This study aims to determine the effect of profitability, leverage, liquidity and dividend policy on stock prices in coal mining sub-sector companies listed on the Indonesia Stock Exchange. The theory used is signal theory. The method used in this research is descriptive and verification methods. The sampling technique was purposive sampling method and obtained 17 companies for five years with a total of 85 observational data. The data analysis technique is using panel data linear regression multiple. In this study, profitability is measured by Return on Equity (ROE), leverage is measured by Debt to Equity Ratio (DER), liquidity is measured by Current Ratio (CR), and Dividend Policy is measured by Dividend Payout Ratio (DPR). Based on the results of the t test, it shows that profitability has a significant positive effect on stock prices, leverage has a significant negative effect on stock prices, liquidity has no significant effect on stock prices, and dividend policy has a significant positive effect on stock prices

Keywords


Profitability; Leverage; Liquidity; Dividend Policy; Stock Price

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