Pengaruh Rasio Likuiditas dan Profitabilitas terhadap Harga Saham pada Perusahaan Konstruksi yang Terdaftar di BEI Periode 2016-2020

Abstract

Tujuan penelitian ini untuk mengetahui Pengaruh Rasio Likuiditas dan Profitabilitas Terhadap Harga Saham Pada Perusahaan Konstruksi yang Terdaftar di BEI Periode 2016-2020. Populasi dalam penelitian ini adalah perusahaan konstruksi yang terdaftar di BEI periode 2016-2020. Teknik pengambilan sampel yang digunakan adalah teknik purposive sampling. Berdasarkan kriteria diperoleh sebanyak 7 (tujuh) sampel dari 12 (dua belas) perusahaan. Jenis data yang digunakan dalam penelitian ini adalah data kuantitatif dengan sumber data sekunder, dan dengan teknik pengambilan data dokumentasi yang diakses melalui www.idx.co.id. Teknik analisis data yang digunakan adalah analisis regresi linear berganda dengan bantuan sofware Eviews-10. Hasil penelitian menunjukkan secara parsial current ratio tidak berpengaruh signifikan terhadap harga saham dengan nilai koefisien regresi sebesar -2.939234 dan nilai probabilitas probabilitas sebesar 0.3757 > 0.05 maka keputusannya H1 ditolak. Cash ratio secara parsial tidak berpengaruh positif dan signifikan terhadap harga saham dengan nilai koefisien regresi sebesar 13.26529 dan nilai probabilitas sebesar 0.0533 > 0.05 maka keputusannya H2 ditolak. Sedangkan ROE secara parsial berpengaruh positif dan signifikan terhadap harga saham dengan nilai koefisien regresi sebesar 3.981675 dan nilai probabilitas sebesar 0.0003 < 0.05 maka keputusannya H3 diterima. Hasil uji secara simultan menunjukkan bahwa nilai signifikan F sebesar 0.000730 < 0.05 yang artinya current ratio, cash ratio dan ROE berpengaruh positif dan signifikan terhadap harga saham pada perusahaan konstruksi yang terdaftar di BEI periode 2016-2020, maka keputusannya H4 diterima. Nilai R2 sebesar 0.359600 menunjukkan bahwa current ratio, cash ratio dan ROE mampu mempengaruhi harga saham sebesar 36% sedangkan sisanya 64% dijelaskan oleh variabel lain yang tidak digunakan dalam penelitian ini. The purpose of this study is to find out the Effect of Liquidity and Profitability Ratios on Stock Prices in Construction Companies Listed on the IDX for the 2016-2020 period. The population in this study are construction companies listed on the Indonesia Stock Exchange for the 2016-2020 period. The sampling technique used is purposive sampling technique. Based on the criteria obtained as many as 7 (seven) samples from 12 (twelve) companies. The type of data used in this research is quantitative data with secondary data sources, and with documentation data retrieval techniques which are accessed through www.idx.co.id. The data analysis technique used is multiple linear regression analysis with the help of Eviews-10 software. The results showed that partially the current ratio had no significant effect on stock prices with a regression coefficient value of -2.939234 and a probability value of 0.3757 > 0.05, so the decision H1 was rejected. Cash ratio partially has no positive and significant effect on stock prices with a regression coefficient value of 13.26529 and a probability value of 0.0533 > 0.05, so the decision H2 is rejected. While ROE partially has a positive and significant effect on stock prices with a regression coefficient value of 3.981675 and a probability value of 0.0003 < 0.05, the decision H3 is accepted. Simultaneous test results show that the significant value of F is 0.000730 < 0.05, which means that the current ratio, cash ratio and ROE have a positive and significant effect on stock prices in construction companies listed on the IDX for the 2016-2020 period, then the decision H4 is accepted. The R2 value of 0.359600 indicates that the current ratio, cash ratio and ROE are able to affect stock prices by 36% while the remaining 64% is explained by other variables not used in this study.The purpose of this study is to find out the Effect of Liquidity and Profitability Ratios on Stock Prices in Construction Companies Listed on the IDX for the 2016-2020 period. The population in this study are construction companies listed on the Indonesia Stock Exchange for the 2016-2020 period. The sampling technique used is purposive sampling technique. Based on the criteria obtained as many as 7 (seven) samples from 12 (twelve) companies. The type of data used in this research is quantitative data with secondary data sources, and with documentation data retrieval techniques which are accessed through www.idx.co.id. The data analysis technique used is multiple linear regression analysis with the help of Eviews-10 software. The results showed that partially the current ratio had no significant effect on stock prices with a regression coefficient value of -2.939234 and a probability value of 0.3757 > 0.05, so the decision H1 was rejected. Cash ratio partially has no positive and significant effect on stock prices with a regression coefficient value of 13.26529 and a probability value of 0.0533 > 0.05, so the decision H2 is rejected. While ROE partially has a positive and significant effect on stock prices with a regression coefficient value of 3.981675 and a probability value of 0.0003 < 0.05, the decision H3 is accepted. Simultaneous test results show that the significant value of F is 0.000730 < 0.05, which means that the current ratio, cash ratio and ROE have a positive and significant effect on stock prices in construction companies listed on the IDX for the 2016-2020 period, then the decision H4 is accepted. The R2 value of 0.359600 indicates that the current ratio, cash ratio and ROE are able to affect stock prices by 36% while the remaining 64% is explained by other variables not used in this study.