Development Of Lq45 Share Price Index During 2012-2016

Abstract

The share price of a company is influenced by financial performance. Financial performance in this study is measured by return on equity, debt to asset ratio, earnings per share, company size, cash position and trading volume. This study aims to determine the development of stock prices that are influenced by financial performance in companies listed in the LQ45 Index for the period 2012-2016. The population in this study are companies listed in the LQ45 Index for the period 2012-2016 which consists of 45 companies. Sampling using purposive sampling technique and obtained 21 companies as a sample of legal researchers. The data analysis technique used is panel data regression with a random effect model. The results showed that earning per share, cash position and trading volume partially had a significant effect on stock prices. Meanwhile, return on equity, debt to asset ratio and company size have no partial significant effect on stock prices.