PENGARUH CR, DER, ROA DAN UKURAN PERUSAHAAN TERHADAP HARGA SAHAM DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING

Abstract

The purpose of research to determine the effect of CR, DER, ROA and Company Size on Stock Price with Dividend Policy as Intervening Variable. The research was conducted using purposive sampling technique at cosmetics manufacturing company listed in Indonesia Stock Exchange 2008-2016 period to get 41 samples. The results showed that CR, DER, ROA and Company Size had a significant positive effect on Dividend Policy. CR, ROA and Company Size have a significant positive effect on Stock Price. As well as DER and Dividend Policy have no significant negative effect on Stock Price. In addition, Path Analysis test results show that in this study Dividend Policy does not mediate the effect of CR, DER, ROA and Company Size on Stock Price.) Keyword : CR (Liquidity Ratio), DER (Solvency Ratio), ROA (Profitabiliotas Ratio), Company Size, Dividend Policy, Stock Price.