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ANALISIS PENGARUH RASIO LEVERAGE, PROFITABILITAS TERHADAP HARGA SAHAM PADA PERUSAHAAN KATAGORI LQ45 YANG TERDAFTAR DI  BURSA EFEK INDONESIA

WAHYU YULIANTO WIBOWO

SEKOLAH TINGGI ILMU EKONOMI PUTERA PERDANA INDONESIA

ABSTRACT

Purpose Of This research is to know influence variable ratio leverage ( debt equity ratio) and industrial profitability, return on assets, return on equity, operating profit margin, earning per share to the price of share.

Analysis utilized in this research applies doubled linear regression analysis to measure how big ratio leverage ( debt equity ratio) and industrial profitability ( return on assets, return on equity), operating profit margin, earning per share can explain variable dependen the price of share. Hypothesis test done with F test and test T to test independent variable influence in simultan and parsial.

Coefficient Of Determination value / determinant coefficient ( R²) to value return share 0,69 ( or equal to 69%). Result of research of show in simultan  that there is ratio influence leverage ( debt equity ratio), industrial profitability ( return on assets, return on equity), operating profit margin , earning per share to the price of share where F value signifcant 0,000 smaller than at level of significant 5% (µ= 0,05). Test result parsially show that independent variable of return on assets, return on equity Operating profit margin doesn't have influence to variable dependen the price of share, debt equity ratio, earning per share has influence to variable dependen the price of share.

Result of this research expected has contribution for the side of regulator in the case of image of about implementation the price of share, at public company in Indonesia along with factors influencing it. Result of this research expected also able to become input to the side of regulator to do implementation the price of share at companys in Indonesia.

Keywords: Stock price, Debt Equity Ratio (DER), Return on Assets (ROA), Return on Equity     (ROE), Operating Profit Margin (OPM), Earning Per Share (EPS).