TITLE

Pengaruh Kinerja Keuangan terhadap Harga Saham: Studi Kasus terhadap Perusahaan Jasa Asuransi Indonesia yang Sudah Go Public (Tbk)

TYPE

Journal Article

Abstract

The main purpose of this study was to analyze the influence of financial performance on stock market price changes of Indonesian insurance companies. The type of research is explanatory research has the objective to predict, test, and develop theories, and provide evidence that reinforces the support or rejection of the theory. The study population is indigenous Indonesian insurance companies that have gone public (Tbk) and eight members of the population used as the unit of analysis. The data analysis techniques used multivariate analysis using secondary data obtained from the financial statements of the nine insurers. The results of this study indicate simultaneous that Debt to Asset Ratio (DAR), Debt to Equity Ratio (DER), Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Earning per Share (EPS) affect significantly on the stock price. Partially, only the EPS has a significant influence on the stock market price.

Citation

Hidayat D. D. C, Hamali D. S and Bharata A. (2016). Pengaruh Kinerja Keuangan terhadap Harga Saham: Studi Kasus terhadap Perusahaan Jasa Asuransi Indonesia yang Sudah Go Public (Tbk). Banking and Management Review, 5 (1), 586-598.

Keywords

Financial Performance; Stock Market Prices; Insurance Company

Published On

Banking and Management Review

Author

  • Dr. Sambudi Hamali
  • Andhi Bharata

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