ANALISIS RASIO LIKUIDITAS, SOLVABILITAS, PROFITABILITAS DAN RASIO PASAR TERHADAP PERGERAKAN HARGA SAHAM

Epit, Marayanti (2022) ANALISIS RASIO LIKUIDITAS, SOLVABILITAS, PROFITABILITAS DAN RASIO PASAR TERHADAP PERGERAKAN HARGA SAHAM. Masters thesis, UNDARIS.

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Abstract

ABSTRAK Indexs Pergerakan harga saham merupakan salah satu cara bagaimana investor dapat menilai kinerja perusahaan dalam menanamkan modalnya. faktor fundamental merupakan faktor yang sangat penting dan berpengaruh terhadap pergerakan harga pasar saham. Faktor tersebut merupakan faktor yang memberikan gambaran yang jelas dan bersifat analitis bagi pemegang saham berupa laporan keuangan perusahaaan. Analisis laporan keuangan yang populer digunakan suatu perusahaan dapat menggunakan analisis rasio keuangan yang terdiri dari rasio Likuiditas, rasio Solvabilitas, rasio Profitabilitas, dan rasio Pasar. Penelitian ini bertujuan untuk mengetahui pengaruh rasio keuangan antara lain Current Rasio (CR), Debt to Equity Ratio (DER), Net Provit Margin (NPM), Earning Pershare (EPS) dan Price Earning Ratio (PER) terhadap pergerakan harga saham pada perusahaan syariah yang terdaftar di Jakarta Islamic indexs (JII) periode 2017- 2020. Penelitian ini menggunakan metode kuantitatif atau statistic yang bertujuan untuk menguji hipotesis yang ditetapkan. Sampel diperoleh sebanyak 22 perusahaan dengan teknik purposive sampling yang diolah menggunakan software SPSS versi 23. Pengujian data yang digunakan dalam penelitian ini meliputi uji asumsi klasik, uji korelasi, uji regresi, uji koefisien determinasi, uji hipotesis secara parsial (uji t) dan uji hipotesis secara simultan (uji f). Hasil analisis variabel CR menghasilkan nilai thitung sebesar (4.238) > ttabel 1.98304 dan nilai signifikansi sebesar (0.000 < 0.05 ) yang artinya bahwa H0 ditolak dan H1 diterima, maka dapat disimpulkan bahwa H1 CR secara parsial berpengaruh signifikan terhadap pergerakan harga saham diterima. variabel DER menghasilkan nilai thitung sebesar (2.836) > ttabel 1.98304 dan nilai signifikansi sebesar (0.05 = 0.05 ) yang artinya bahwa H0 ditolak dan H2 diterima, maka dapat disimpulkan bahwa H2 DER secara parsial berpengaruh signifikan terhadap pergerakan harga saham diterima. Variabel NPM menghasilkan nilai thitung sebesar (4.938) > ttabel 1.98304 dan nilai signifikansi sebesar (0.00 < 0.05 ) yang artinya bahwa H0 ditolak dan H3 diterima, maka dapat disimpulkan bahwa H3 NPM secara parsial berpengaruh signifikan terhadap pergerakan harga saham diterima. variabel EPS, menghasilkan nilai thitung sebesar (0.090) < ttabel 1.98304 dan nilai signifikansi sebesar (0.928 > 0.05 ) yang artinya bahwa H0 diterima dan H4 ditolak, maka dapat disimpulkan bahwa H4 EPS secara parsial tidak berpengaruh signifikan terhadap pergerakan harga saham ditolak. variabel PER, menghasilkan nilai thitung sebesar (-1.630) < ttabel 1.98304 dan nilai signifikansi sebesar (0.106 > 0.05 ) yang artinya bahwa H0 diterima dan H5 ditolak, maka dapat disimpulkan bahwa H5 PER secara parsial tidak berpengaruh signifikan terhadap pergerakan harga saham ditolak. Hasil analisis uji simultan (uji-f) diperoleh nilai Fhitung sebesar (12.914) > Ftabel (2.30) dengan signifikansi sebesar (0.000 < 0.05 ) oleh karena itu nilai signifikansi jauh lebih kecil dari 0.05, maka dapat disimpulkan Ha diterima dan H0 ditolak sehingga variabel CR, DER, NPM, EPS dan PER secara bersama-sama (simultan) berpengaruh terhadap pergerakan harga saham diterima . Kata Kunci : CR, DER, NPM, EPS, PER v ABSTRACK Indexs The movement of stock prices is one way how investors can assess the company's performance in investing their capital. Fundamental factors are very important factors and influence the movement of stock market prices. These factors are factors that provide a clear and analytical picture for shareholders in the form of company financial statements. Financial statement analysis that is popularly used by a company can use financial ratio analysis consisting of Liquidity ratios, Solvency ratios, Profitability ratios, and Market ratios. This study aims to determine the effect of financial ratios, including Current Ratio (CR), Debt to Equity Ratio (DER), Net Profit Margin (NPM), Earning Pershare (EPS) and Price Earning Ratio (PER) on stock price movements in Islamic companies. registered in the Jakarta Islamic indexs (JII) for the period 2017-2020. This study uses quantitative or statistical methods that aim to test the established hypothesis. The sample was obtained as many as 22 companies with purposive sampling technique which was processed using SPSS version 23 software. Testing data used in this study included classical assumption test, correlation test, regression test, coefficient of determination test, partial hypothesis test (t test) and hypothesis testing. simultaneously (f test). The results of the analysis of the CR variable yield a tcount value of (4.238) > ttable 1.98304 and a significance value of (0.000 < 0.05) which means that H0 is rejected and H1 is accepted, so it can be concluded that H1 CR partially has a significant effect on the movement of stock prices accepted. The DER variable produces a tcount value of (2.836) > ttable 1.98304 and a significance value of (0.05 = 0.05) which means that H0 is rejected and H2 is accepted, it can be concluded that H2 DER partially has a significant effect on stock price movements accepted. The NPM variable produces a tcount of (4.938) > ttable 1.98304 and a significance value of (0.00 < 0.05) which means that H0 is rejected and H3 is accepted, it can be concluded that H3 NPM partially has a significant effect on stock price movements accepted. EPS variable, resulting in a tcount value of (0.090) < ttable 1.98304 and a significance value of (0.928 > 0.05) which means that H0 is accepted and H4 is rejected, it can be concluded that H4 EPS partially has no significant effect on stock price movements being rejected. PER variable, resulting in a tcount of (-1.630) < ttable 1.98304 and a significance value of (0.106 > 0.05) which means that H0 is accepted and H5 is rejected, it can be concluded that H5 PER partially has no significant effect on stock price movements rejected. The results of the simultaneous test analysis (f-test) obtained the Fcount value of (12.914) > Ftable (2.30) with a significance of (0.000 < 0.05) therefore the significance value is much smaller than 0.05, it can be concluded that Ha is accepted and H0 is rejected so that the variable CR, DER, NPM, EPS and PER together (simultaneously) affect the movement of stock prices received. Keywords : CR, DER, NPM, EPS, PER

Item Type: Thesis (Masters)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Fakultas Ekonomi dan Bisnis
Depositing User: NOVITA NOVITA RAHAYU
Date Deposited: 06 Dec 2022 08:50
Last Modified: 06 Dec 2022 08:50
URI: http://repository.undaris.ac.id/id/eprint/742

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