PENGARUH BEBERAPA RASIO KEUANGAN TERHADAP HARGA SAHAM PERUSAHAAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX

Abstract

The stock market can present economic conditions of a country. The more developed and developing capital markets of a country, the more developed and developing country economies as well, and vice versa. Fluctuations in stock prices that occurred in the capital market can provide clues about the fervor or sluggishness in capital markets activities and investor in buying or selling shares. In 2005 to 2008, stock price fluctuations companies listed on the Jakarta Islamic Index. Several financial ratios are fundamental factors that can affect a company's stock price fluctuation. Therefore, this study aims to determine the influence of the Net Profit Margin (NPM), Quick Ratio (QR), Return On Equity (ROE), Earning Per Share (EPS) and the Department to Equity Ratio (DER)of the share price on the company listed on the Jakarta Islamic Index (JII)

In this study the variables used are the Net Profit Margin (X1), Quick Ratio (X2), Return On Equity (X3), Earning Per Share (X4), Dept to Equity Ratio (X5), and Stock Price (Y). The statistical method used is multiple regression analysis. From the results of analysis show that the variable Net Profit Margin, Return On Equity, Earning Per Share and Dept. to Equity Ratio partially no significant effect on stock price, while the Quick Ratio variables have positive and significant impact on stock price.