Analisis Kinerja Keuangan Perusahaan Terhadap Likuiditas Saham Pada Perusahaan Yang Listing Di Bursa Efek Indonesia
Abstract: This study aims to
obtain empirical evidence of the influence of the firm performances to stock
liquidity in the Indonesia Stock Exchange. The research was conducted in the
period 2001 to 2007. firm performances is measured by financial ratio as
independent variables and the stock liquidity (measured by proxies of stock
trading frequency and trading turnover) as the dependent variable. Financial
ratios used are the Current Ratio (CR), Debt Equity Ratio (DER), Return on
Equity (ROE), Return on Investment (ROI), Earning per Share (EPS), Price Equity
Ratio (PER), Dividends per Share (DPS) and the Price Book Value (PBV). The
study used two regression models are regression models using stock trading
frequency and regression models that use TVA (trading turnover). The result
both of model show that firm performance is simultaneously significant
influence on stock liquidity. First model have coefficient of determination (R
square) of 19.1%, and only PBV ratio as significant variable. The other model
have R square 26,2% with CR and DER ratios as significant variables. These
ratios are PBV, CR and PBV which have a positive effect on the liquidity in the
Indonesia Stock Exchange.
Keyword: liquidity, trading
frequency, trading turnover, firm performance, stock trading
Penulis: Variyetmi Wira,
Elfitri Santi
Kode Jurnal: jpmanajemendd120273
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