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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]

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  • Pasaribu, Rowland Bismark Fernando

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.

Suggested Citation

  • Pasaribu, Rowland Bismark Fernando, 2008. "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 Compani," MPRA Paper 36979, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:36979
    as

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    File URL: https://mpra.ub.uni-muenchen.de/36979/1/MPRA_paper_36979.pdf
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    References listed on IDEAS

    as
    1. Kormendi, Roger & Lipe, Robert, 1987. "Earnings Innovations, Earnings Persistence, and Stock Returns," The Journal of Business, University of Chicago Press, vol. 60(3), pages 323-345, July.
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    More about this item

    Keywords

    growth; profitability; leverage; liquidity; efficiency; earnings ratio; price earnings ratio; stock price;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • G3 - Financial Economics - - Corporate Finance and Governance

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