INFORMASI KEUANGAN DENGAN MODERASI UKURAN PERUSAHAAN PADA HARGA SAHAM EMITEN LQ45
DOI:
https://doi.org/10.25170/jak.v16i2.3433Keywords:
price book value, price earning, firm size, profitability, stock price, moderatingAbstract
The stock price is an important factor and must be considered by investors because stock price shows the performance of the company. The stock price also shows the value of a company and is an appropriate index for the effectiveness of the company. Companies that included on category LQ45 (Liquid 45) are the fourty-five dominate listed companies in the Indonesia Stock Exchange. LQ45’s stock price is relatively stable compared to the other companies, even during the current pandemic. This study aims to find empirical evidence regarding the factors that influence and moderate the stock price of LQ45. The independent variables were Price Book Value (PBV), Price Earnings Ratio (PER), profitability proxied by Net Profit Margin (NPM), Debt Equity Ratio (DER) and firm size as moderating variable. This quantitative research uses purposive sampling technique and EViews 9 for data processing. This study examines the partial influence (t-test), simultaneous influence (F-test), and moderating interaction (Moderated Regression Analysis/ MRA). The results of the partial test found that PBV, PER, NPM had some significant influence and DER had an insignificant influence to stock price. For simultaneous result, all independent variables have a significant influence on the stock price. Meanwhile, the results of the MRA found that firm size did not moderate (not a moderating variable) for the influence of the independent variables to the stock price.
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Shinta, A., & Hidayati, C. (2013). Analisis Rasio keuangan dan Common size untuk menilai kinerja keuangan. Journal of Chemical Information and Modeling, 53(9), 1689–1699.
Sugiarto. (2016). Metodologi Penelitian Bisnis.
Sumarna, A. D. (2017). Faktor-Faktor Yang Mempengaruhi Pertumbuhan Perusahaan. Jurnal Benefita, 1(2), 48–57. https://doi.org/10.22216/jbe.v1i2.721
Wijaya, M., & Yustina, A. I. (2016). The Impact of Financial Ratio Toward Stock Price : Evidence From Banking Companies. Acountancy, 1–36. http://e-journal.president.ac.id/presunivojs/index.php/JAAF/article/view/174
Website Link
Hidayat, Nurul. (2019). Kamus Bursa: Faktor-faktor yang Mempengaruhi Harga Saham. Retrieved Agustus 27, 2021, from https://market.bisnis.com/read/20190513/7/922155/kamus-bursa-faktor-faktor-yang-mempengaruhi-harga-saham.
Putra. 2020. Jelang Tutup Tahun, Separuh Anggota LQ45 ‘Negatif Covid-19’. Dikutip pada tanggal 30 Desember 2020 di link berikut https://www.cnbcindonesia.com/market/20201221225749-17-210734/jelang-tutup-tahun-separuh-anggota-lq45-negatif-covid-19
Rahmawati, Wahyu Tri. 2021. Ini Daftar Lengkap Emiten Penghuni Indeks LQ45 periode Agustus 2020-Januari 2021. Dikutip pada tanggal 12 Januari 2021 di link berikut https://investasi.kontan.co.id/news/ini-daftar-lengkap-emiten-penghuni-indeks-lq45-periode-agustus-2020-januari-2021
Yanuar, Yudono. 2017. Kaleidoskop 2017: 9 Peristiwa Ekonomi Terpenting Sepanjang Tahun. Dikutip pada tanggal 30 Desember 2020 di link berikut https://bisnis.tempo.co/read/1045110/kaleidoskop-2017-9-peristiwa-ekonomi-terpenting-sepanjang-tahun/full&view=ok
Aminah, S., & Hidayat, I. (2016). Analisis Common Size Statement dan Trend untuk menilai kinerja keuangan PT KAI. Journal of Chemical Information and Modeling, 53(9), 1689–1699. https://doi.org/10.1017/CBO9781107415324.004
Binangkit, A. B., & Raharjo, S. (2014). Pengaruh Struktur Modal Terhadap Kinerja Perusahaan dan Harga Saham. AKtual Jurnal of Accounting and Financial, 1(2), 24–34. http://e-journal.stie-aub.ac.id/index.php/aktual/article/view/38
Darminto, D. P. (2019). Analisis Laporan Keuangan Konsep dan Aplikasi.
Djazuli, A. (2017). The Relevance of Leverage , Profitability , Market Performance , and Macroeconomic to Stock Price. Ekonomi Bisnis, 22(2), 112–122.
Fadhilah, A. (2016). Pengaruh Likuiditas dan Solvabilitas Terhadap Profitabilitas perusahaan pada Sub Sektor Makanan dan Minuman yang terdaftar di Bursa Efek Indonesia periode 2013 - 2016. June.
Gunawan, I. (2017). Pengantar Statistika Inferensial.
Gunawan, I. (2018). Statistika Inferensial. Journal of Chemical Information and Modeling.
Gursida, H. (2019). The Influence of Liquidity, Solvency, and Exchange Rate to Company Profitability and It’s Implication to Stock Price at Mining Sector Company. Jurnal Terapan Manajemen Dan Bisnis, 3(2), 205.https://doi.org/10.26737/jtmb.v3i2.323
Hermawanti, P., & Hidayat, W. (2015). PENGARUH EARNING PER SHARE (EPS), PRICE EARNING RATIO (PER), DEBT TO EQUITY (DER), RETURN ON ASSET (ROA), DAN RETURN ON EQUITY (ROE) TERHADAP HARGA SAHAM Studi Kasus pada Perusahaan Go Public Sektor Property dan Real Estate yang Terdaftar di Bursa Efek In. Jurnal Ilmu Administrasi Bisnis, 5(3), 28–41.
Khoir, V. B., Handayani, S. ragil, & Zahroh, Z. A. (2015). Pengaruh Debt To Assets Ratio, Debt To Equity Ratio, Return on Assets dan Net Profit Margin terhadap Harga Saham. Jurnal EMBA, 5(2), 16–36. https://ejournal.unsrat.ac.id/index.php/emba/article/view/15718
Kurniawan, A. (2014). The impact of intellectual capital on stock price with financial performance as intervening variable of manufacturing listed in Indonesia Stock Exchange period 2008 – 2012. The Indonesian Accounting Review, 4(1), 53–64. https://doi.org/10.14414/tiar.14.040106
Neliana, T. (2017). Faktor-Faktor Yang Mempengaruhi Tingkat Kelengkapan Pengungkapan Laporan Keuangan. Jurnal Riset Akuntansi Dan Keuangan, 5(2), 33–46. https://doi.org/10.17509/jrak.v5i2.7948
Pangestu, S. P., & Wijayanto, A. (2017). Pengaruh Return On Asset (ROA), Return On Equity (ROE), Earning Per Share (EPS), Price Earning Ratio (PER), dan Debt to Equity Ratio (DER) terhadap Return Saham. 1–9.
Prastowo, D. (2015). Analisis Laporan Keuangan Konsep dan Aplikasi. In Analisis Laporan Keuangan.
Prihastuti, A. K. K., Suwena, K. R., & Sujana, I. N. (2019). Analisis Kinerja Keuangan Dengan Menggunakan Common Size Pada Perusahaan Otomotif Yang Terdaftar Di Bursa Efek Indonesia (Bei) Tahun 2016. Jurnal Pendidikan Ekonomi Undiksha, 11(1), 11. https://doi.org/10.23887/jjpe.v11i1.20040
Rutkowska-Ziarko, A. (2018). The Influence of Profitability Ratios and Company Size on Profitability and Investment Risk in the Capital Market. Folia Oeconomica Stetinensia, 15(1), 151–161. https://doi.org/10.1515/foli-2015-0025
Saputra, J., & Martha, L. (2019). Analisis Kinerja Keuangan Perusahaan Manufaktur Serta Pengaruhnya Terhadap Harga Saham. Jimf (Jurnal Ilmiah Manajemen Forkamma), 1(4). https://doi.org/10.32493/frkm.v1i4.2562
Satryo, A. G., Rokhmania, N. A., & Diptyana, P. (2017). The influence of profitability ratio, market ratio, and solvency ratio on the share price of companies listed on LQ 45 Index. The Indonesian Accounting Review, 6(1), 55. https://doi.org/10.14414/tiar.v6i1.853
Shinta, A., & Hidayati, C. (2013). Analisis Rasio keuangan dan Common size untuk menilai kinerja keuangan. Journal of Chemical Information and Modeling, 53(9), 1689–1699.
Sugiarto. (2016). Metodologi Penelitian Bisnis.
Sumarna, A. D. (2017). Faktor-Faktor Yang Mempengaruhi Pertumbuhan Perusahaan. Jurnal Benefita, 1(2), 48–57. https://doi.org/10.22216/jbe.v1i2.721
Wijaya, M., & Yustina, A. I. (2016). The Impact of Financial Ratio Toward Stock Price : Evidence From Banking Companies. Acountancy, 1–36. http://e-journal.president.ac.id/presunivojs/index.php/JAAF/article/view/174
Website Link
Hidayat, Nurul. (2019). Kamus Bursa: Faktor-faktor yang Mempengaruhi Harga Saham. Retrieved Agustus 27, 2021, from https://market.bisnis.com/read/20190513/7/922155/kamus-bursa-faktor-faktor-yang-mempengaruhi-harga-saham.
Putra. 2020. Jelang Tutup Tahun, Separuh Anggota LQ45 ‘Negatif Covid-19’. Dikutip pada tanggal 30 Desember 2020 di link berikut https://www.cnbcindonesia.com/market/20201221225749-17-210734/jelang-tutup-tahun-separuh-anggota-lq45-negatif-covid-19
Rahmawati, Wahyu Tri. 2021. Ini Daftar Lengkap Emiten Penghuni Indeks LQ45 periode Agustus 2020-Januari 2021. Dikutip pada tanggal 12 Januari 2021 di link berikut https://investasi.kontan.co.id/news/ini-daftar-lengkap-emiten-penghuni-indeks-lq45-periode-agustus-2020-januari-2021
Yanuar, Yudono. 2017. Kaleidoskop 2017: 9 Peristiwa Ekonomi Terpenting Sepanjang Tahun. Dikutip pada tanggal 30 Desember 2020 di link berikut https://bisnis.tempo.co/read/1045110/kaleidoskop-2017-9-peristiwa-ekonomi-terpenting-sepanjang-tahun/full&view=ok
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Published
2022-10-29
How to Cite
Sumarna, A. D., & Agustini, P. N. (2022). INFORMASI KEUANGAN DENGAN MODERASI UKURAN PERUSAHAAN PADA HARGA SAHAM EMITEN LQ45. Jurnal Akuntansi, 16(2), 238–257. https://doi.org/10.25170/jak.v16i2.3433
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