CD Skripsi
Pengaruh Likuiditas, Profitabilitas, Solvabilitas, Ukuran Perusahaan Terhadap Harga Saham Yang Dimoderasi Perataan Laba (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2013 – 2015)
The purposes of this study are to analyze the effect of liquidity, profitability, solvability and firm size to stock price and find out if income smoothing moderates the relationship between liquidity, profitability, solvability, and firm size to stock price. The sample in this study is manufacturing company listed in Indonesia Stock Exchange in 2013-2015. The sample isselected by purposive sampling method, and the number of samples obtained are 38 companies with three years of observation. This study uses SPSS 22 application to examinethe variables of this study. The variables of this study are stock price as dependent variable, then current ratio as proxy for liquidity, net profit margin as proxy for profitability, debt to equity ratio as proxy for solvability, and log total asset as proxy for firm size are independent variable, and income smoothing as moderating variable. The result show that the net profit margin and firm size significantly effects the stock price with 0.007 and 0.000, but current ratio and debt to equity ratio don’t significantly effects the stock price with 0.283 and 0.271. Income smoothing moderate the relationship between debt to equity ratio and firm size to stock price with 0.005 and 0.030, but income smoothing don’t moderate the relationship between current ratio and net profit margin to stock price with 0.202 and 0.097.Keywords: current ratio, net profit margin, debt to equity ratio, firm size, stock price, and income smoothing.
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