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PENGARUH KINERJA KEUANGAN TERHADAP PERUBAHAN HARGA SAHAM PADA PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR DI BEI
ABSTRACT
The purpose of this research is to find out the influence of current ratio, total asset turnover, debt to equity ratio,
return on investment, and price earnings ratio to the changes in stock price on the telecommunication companies
which are listed in IDX in 2009-2013 periods. The sample collection has been carried out by using purposive
sampling method and the samples are 6 telecommunication companies with observation period in 2009-2013, so
30 observation data have been obtained. The sources of the secondary data in this research come from Indonesi a
Stock Exchange. The multiple linear regressions are used as the data analysis technique. Based on the result of the
analysis it generates Current Ratio does not have any significant influence to the changes in stock price on the
telecommunication companies in Indonesia Stock Exchange, Total Asset Turnover has significant influence to the
changes in stock price on the telecommunication companies in Indonesia Stock Exchange, Debt to Equity Ratio
does not have any significant influence to the changes in stock price on the telecommunication companies in
Indonesia Stock Exchange, Return on Investment does not have any significant influence to the changes of stock
price on the telecommunication companies in Indonesia Stock Exchange, Price Earnings Ratio does not have any
significant to the changes in stock price on the telecommunication companies in Indonesia Stock Exchange, Total
Asset Turnover has dominant influence to the changes of stock price since its value of partial determination
coefficient is the highest.
Keywords: Financial Performance, Stock Price and Multiple Linear Regressions.
ABSTRAK
Penelitian ini bertujuan untuk mengetahui pengaruh current ratio, total asset turn over, debt to equity ratio,
return on investment, dan price earning ratio terhadap perubahan harga saham pada perusahaan
telekomunikasi yang terdaftar di BEI periode 2009-2013. Pengambilan sampel dilakukan dengan
metode purposive sampling, dengan jumlah sampel yang digunakan sebanyak 6 perusahaan
telekomunikasi dengan periode pengamatan selama tahun 2009 – 2013, sehingga didapatkan data
observasi sebanyak 30. Sumber data sekunder dalam penelitian ini berasal dari Bursa Efek Indonesia.
Teknik analisis data menggunakan analisis regresi linier berganda. Berdasarkan hasil analisis
dihasilkan Current Ratio tidak berpengaruh signifikan terhadap perubahan harga saham pada
perusahaan telekomunikasi di Bursa Efek Indonesia, Total Asset Turn Over berpengaruh signifikan
terhadap perubahan harga saham pada perusahaan telekomunikasi di Bursa Efek Indonesia, Debt to
Equity Ratio tidak berpengaruh signifikan terhadap perubahan harga saham pada perusahaan
telekomunikasi di Bursa Efek Indonesia, Return on Investment tidak berpengaruh signifikan terhadap
perubahan harga saham pada perusahaan telekomunikasi di Bursa Efek Indonesia, Price Earning Ratio
tidak berpengaruh signifikan terhadap perubahan harga saham pada perusahaan telekomunikasi di
Bursa Efek Indonesia, Total Asset Turn Over mempunyai pengaruh dominan terhadap perubahan harga
saham karena memiliki nilai koefisien determinasi parsial paling tinggi.
Kata kunci: Kinerja Keuangan, harga saham dan regresi linear berganda.
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