PENGARUH LIKUIDITAS DAN SOLVABILITAS DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERATOR TERHADAP HARGA SAHAM PADA BANK UMUM PEMERINTAH YANG TERDAFTAR DI BURSA EFEK INDONESIATAHUN 2015-2018
Abstract
This study aims to provide evidence regarding the effect of liquidity and solvency ratios with profitability as a moderating variable on stock prices. The financial ratios studied were Current Ratio , Debt to Equity Ratio and Return on Equity as independent variables and stock prices as dependent variables . The sample used in this study at Government Commercial Bank Registered in Bursa Indonesia Effect 2015-2018 . The sampling method used was saturated sample , in which all populations were sampled. The results of this study indicate that the Current Ratio variable partially has no effect on stock prices with a sig. .117, but the variable Debt to Equity Ratio is a partial effect on stock prices with sig. 0.014. The next variaabel Current Ratio and Debt to Equity Ratio is simultaneously significant effect to predict the stock price will be traded with a value of 0.008 sig. In this study, the variable Return on Equity as a moderating or moderator variable is proven to strengthen or increase the influence of the Current Ratio on stock prices by increasing the R square value of 0.06 or 6% and can strengthen or increase the effect of the Debt to Equity Ratio on stock prices with an increase. the R square value is 0.126 or 12.6%.