Pengaruh Variabel Fundamental terhadap Harga Saham Perusahaan Go-public di Bursa Efek Indonesia periode 2003-2006

The Influence of Corporate Fundamental to Stock Price in Indonesian Public Companies

Rowland Bismark Fernando Pasaribu

MPRA Paper from University Library of Munich, Germany

Abstract: This study aimed to test five fundamental factors (growth, profitability, leverage, liquidity, and efficiency) and two market ratios (earning ratio, and price earning ratio) that predicted to influence stock price in several groups of manufacturing industries listed in Jakarta Stock Exchange from 2003 till 2006. The result of this ratios, using multiple regressions shows that all the fundamentals factors and market ratio has significant influence simultaneously and partially in all industries. Earning per share was the dominant influence variable in six industries, where profitability factors in farming industries and liquidity factors in the property and real estate industry.

Keywords: growth; profitability; leverage; liquidity; efficiency; earnings ratio; price earnings ratio; stock price (search for similar items in EconPapers)
JEL-codes: G12 G3 O16 (search for similar items in EconPapers)
Date: 2008-07
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Published in Jurnal Ekonomi dan Bisnis 2.2(2008): pp. 101-113

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