FINANCIAL PERFORMANCE AGAINST STOCK PRICES IN TELECOMMUNICATION SUB SECTOR COMPANIES

  • Meilya Veronica Adeera Putri STIE Widya Gama Lumajang
  • Ainun Jariah STIE Widya Gama Lumajang
  • Ninik Lukiana STIE Widya Gama Lumajang
Keywords: Liquidity, Profitability, Solvency, Market Ratio, Activity Ratio

Abstract

The stock price is an indicator of the success of company management, so there is a need for a decision which must be of good quality. So that can be used as a reference to see the business entity/company can make an assessment by looking at the side of financial performance. Therefore, p enelitian was done in order to test and analyze the financial performance terhada p stock prices as measured by the ratio l ikuiditas by proxy current r atio , the ratio p roftabilitas by proxy return on equity , the solvency ratio by proxy of debt to asset ratio , the market ratio with the proxy of earnings per share, the ratio of activity to the proxy for total asset turnover . The population of this study is the telecommunications sub-sector companies listed on the Indonesia Stock Exchange (BEI) for the 2014-2018 period. The sample in this study using purposive sampling technique . The sample in this study were 7 companies in the telecommunications sub-sector listed on the Indonesia Stock Exchange (BEI) for the 2014-2018 period. Data used is secondary data derived from the statement of financial position (balance sheet) and a comprehensive income statement via the website . The analysis technique uses multiple linear regression analysis. The results of this study indicate that there are only two independent variables that have a positive and significant effect on stock prices. There are independent variables, namely  the liquidity ratio and the activity ratio which have a positive and significant effect on the company's stock price. Meanwhile, the other independent variables, namely profitability ratio, solvency ratio and market ratio have no effect on stock prices.

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Published
2020-09-26