ABSTRAKSI

Penelitian bertujuan untuk memperoleh bukti empiris pengaruh debt to equity ratio, price to book value, dan suku bunga terhadap harga saham perusahaan indeks LQ45 yang terdaftar di Bursa Efek Indonesia Periode 2016-2019. Metode kuantitatif digunakan dalam penelitian ini dengan pola hubungan kausal. Populasi sebanyak 64 perusahaan yang terdaftar pada indeks LQ45 Bursa Efek Indonesia periode 2016-2019 dengan sampel sebanyak 30 diambil menggunakan purposive sampling. Analisis regresi linier berganda digunakan dalam penelitian ini karena variabel independen  lebih dari satu. Hasil penelitian menyatakan bahwa hanya PBV yang berpengaruh positif signifikan terhadap harga saham, sedangkan DER dan suku bunga tidak berpengaruh terhadap harga saham perusahaan indeks LQ45 periode 2016-2019.

Kata Kunci: DER, PBV, Suku Bunga, Harga Saham

ABSTRACT

This study aims to obtain empirical evidence of the effect of debt to equity ratio, price to book value, and interest rate on the stock price of the companies listed in LQ45 on the Indonesia Stock Exchange for 2016-2019 period. The quantitive method used in this research with causal relationship pattern. The population of 64 companies listed on the LQ45 index of Indonesia Stock Exchange for the period 2016-2019 with a sample of 30 were taken using pueposive sampling. Multiple linear regression analysis used in this study because the independent variable is more than one. The results state that only PBV has a significant positive effect on stock prices, while DER and interest rates have no effect on LQ45 index company stock prices for 2016-2019 period.

Keywords: Debt to Equity Ratio, Price to Book Value, Interest Rates, Stock Prices