Dalam hal ini peneliti menggunakan Current Ratio, Debt to Equity Ratio, dan Earnings per saham untuk mengetahui pengaruh rasio keuangan terhadap harga saham Bank Rakyat Indonesia periode 2007-2016 baik secara parsial maupun simultan. Untuk mengetahui apakah Current Ratio, Debt to Equity Ratio dan Earnings per saham mempunyai pengaruh terhadap harga saham. Hipotesis yang diajukan adalah H1 : Current Ratio (CR) berpengaruh terhadap harga saham, H2 : Debt to Equity Ratio (DER) berpengaruh terhadap harga saham, H3 : Earning Per Share (EPS) berpengaruh terhadap harga saham dan H4 : Current Ratio (CR ), Debt to Equity Ratio (DER), Earning Per Share (EPS) secara simultan berpengaruh terhadap harga saham.
Kesimpulan yang peneliti ambil dari hasil penelitian ini adalah: 1) Current Ratio tidak berpengaruh terhadap harga saham karena adanya nilai Sig. 2) Debt to Equity Ratio tidak berpengaruh terhadap harga saham karena nilai Sig. 0,359) > α 3) Earning per share berpengaruh terhadap harga saham karena nilai Sig. 0,001) <α. Dalam hal ini peneliti menggunakan Current Ratio, Debt to Equity Ratio dan Earnings Per Share untuk mengetahui bagaimana pengaruh Rasio Keuangan terhadap Harga Saham Bank Rakyat Indonesia baik secara parsial maupun simultan selama periode tahun 2007-2016. Mengetahui apakah terdapat pengaruh Current Ratio, Debt to Equity Ratio dan Earnings Per Share terhadap Harga Saham.
H4: Current Ratio (CR), Debt-Equity Ratio (DER), Earnings Per Share (EPS) together affect share price. The conclusion of this research is 1) there is no partial effect of current ratio on share price because the value of Sig. 0.359) > α 3) there is a partial effect of earnings per share on share price because the value of Sig. 0.001) < α.
BACKGROUND OF STUDY
So, a company that has a good performance and reliability usually has an expensive share price. And if the return of the company increases day by day, the return that will get by the investors will increase, and the Share price of the company will increase. As a result of Stock's Price form by investor demand in capital market, then as financial institution joining in this case, must understand the characteristic of investors in the decision of investment.
In this case, the researcher uses the Current Ratio as a representative of the liquidity ratio because the larger value of the Current Ratio indicates that the company has little risk in settling their short-term liabilities. When a company can settle its short-term obligations, it means that the company has good liquidity. The greater value of the debt to equity ratio indicates that the company's greater dependence on the creditor.
If they rely too much on creditors, they will lose credibility and the share price will fall. The title of this study is The Effect of Current Ratio, Debt to Equity Ratio and Earnings Per Share on Bank Rakyat Indonesia Stock Price, Period 2007-2016.
RESEARCH QUESTION
It is as an important matter for researcher, then every company and financial institution or another company knows how far the effect of financial analysis on stock company. The purpose of this research is Bank Rakyat Indonesia, this object taken by researcher because it is a company listed in LQ454. Furthermore, it is also as one of the banks enchanted by investors on 2015, Bank Rakyat Indonesia is in the first rank of stock trading and reaches IDR 86.78 billion5, based on these reasons why researcher observes this object.
Has Current ratio (CR), Debt to Equity Ratio (DER) and earnings per
PURPOSE OF THE STUDY
SIGNIFICANCE OF THE STUDY
SCOPE OF THE STUDY 1. Variabels
This study expects to be a consideration material and a measurement for investor in making decision of investment in a company, especially in banking in Indonesia. This research expects to use as tools, discourse and information to whom in making another research of other variables. Indicator can be defined as instruction, indication that shows the dependence of a problem.7 the indicators in this research are.
OPERASIONAL DEFINITION
RESEARCH ASSUMPTION
HYPOTHESIS
This research methodology used a quantitative approach, a quantitative approach used to observe a population or a specific sample, collect data, use a research instrument, analyze the data as quantitative/statistical in order to test the hypothesis that the researcher has decided on.9. The basis for taking into account the received data is the data from the accounting report on the liquidity ratio, the solvency ratio and the market ratio. The data analysis in this research uses descriptive statistics, this analysis describes the collected data which became easily understandable data.11.
Use the autocorrelation test to determine whether there is a strong correlation, positive or negative, between the data of the research variables in the regression model. When the value of significant (Sig.) is higher than alpha (α) 0.05 (Sig.> α), it means that the data does not contain autocorrelation. However, when the significance value (Sig.) is less than alpha (α) 0.05 (Sig.< α), it means that the data contains autocorrelation.
When the value of significant (Sig.) is higher than alpha (α) 0.05 (Sig. > α), it means that the data is normally distributed. But when the value of significant (Sig.) is less than alpha (α) 0.05 (Sig.< α), it means that the data is not normally distributed.
REVIEW OF RELATED LITERATURE 1. Previous Research
Meanwhile, the current study us stock price as an independent variable, not all financial ratios use as a dependent variable and the research object is the banking industry, it is Bank Rakyat Indonesia. Meanwhile, current research uses earnings per stock as independent variable and the research object is the banking industry, that is Bank Rakyat Indonesia. Meanwhile, the current research uses part of the financial report as dependent variable, the research object is the banking industry, that is Bank Rakyat Indonesia.
In the period after Indonesia's independence, on the basis of Indonesian Regulation no. 1 of 1946 paragraph 1 mentioned Bank Rakyat Indonesia as the first government bank in Indonesia. Rakyat Indonesia shares, then this bank became a public company called Bank Rakyat Indonesia Inc. A service that was given to the customers for the profit of the customers and for the sake of Bank Rakyat Indonesia itself.
Head of Loan Services, Bank Rakyat Indonesia, focusing on customer satisfaction to create loyal customers. For example, KUR (kredit usaha mikro) here Bank Rakyat Indonesia offers 0.4% with a credit ceiling of IDR 25 million. Once customers pass the credit analysis test, they will receive a loan product from Bank Rakyat Indonesia.
The table above shows the current quarterly report data of Bank Rakyat Indonesia for the period 2007-2016. This data was obtained by comparing the current asset and current liability basis in the quarterly report from Bank Rakyat Indonesia's reporting period 2007-2016. The above table shows the data of Bank Rakyat Indonesia's quarterly debt to equity ratio This data obtained by comparing.
The above table shows the quarterly Earning Per Share Ratio data of Bank Rakyat Indonesia, period 2007-2016. This data was obtained by comparing the net profit and number of shares based on the quarterly report of the reporting period 2007-2016 of Bank Rakyat Indonesia. Debt/equity ratio and earnings per share on Bank Rakyat Indonesia stock price, period 2007-2016.
Debt-to-asset ratio and earnings per share in Bank Rakyat Indonesia stock price period 2007-2016. Researchers assume that another factor already dominates and influences the share price of Bank Rakyat Indonesia.
CONCLUSIONS
SUGGESTION
Pengaruh Rasio Likuiditas, Rasio Profitabilitas, Rasio Aktivitas, Rasio Solvabilitas dan Rasio Nilai Pasar Terhadap Return Saham (Studi Empiris pada Perusahaan Manufaktur yang Listing di Bursa Efek Indonesia Periode. Harga Saham pada Industri Komoditi Efek Konsumen Syariah yang Listing Tahun 2008-2011. pengaruh likuiditas, profitabilitas, solvabilitas, aktivitas, pertumbuhan dan rasio penilaian pasar terhadap harga saham pada perusahaan properti yang go public di Bursa Efek Indonesia (EIB) periode 2005-2010.
2015. Pengaruh Current Ratio (Cr), Debt to Equity (Der), Net Profit Margin (NPM), Price-Earning Ratio (Per) terhadap Harga Saham dengan Earnings Per Share (Eps) sebagai Variabel Moderasi ( Studi Kasus Perusahaan Manufaktur yang Terdaftar dalam Daftar Efek Syariah (DES) 2007-2013).