Analisis Faktor Fundamental dan Pengaruhnya Terhadap Harga Saham pada Perusahaan Sektor Pertanian yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2009-2013

Abstract

Penelitian ini dilakukan dengan tujuan untuk: (1) mendeskripsikan faktor fundamental yaitu current ratio, debt to equity ratio, return on equity, inventory turnover dan earning per share, (2) menguji pengaruh faktor fundamental secara simultan dan parsial terhadap harga saham, dan (3) mengetahui pengaruh faktor fundamental yang berpengaruh paling dominan terhadap harga saham pada perusahaan sektor pertanian yang terdaftar di Bursa Efek Indonesia. Penelitian ini menggunakan desain deskriptif dan kausal. Data dikumpulkan dengan pencatatan dokumen, dan data dianalisis dengan analisis regresi berganda. Hasil penelitian menunjukkan bahwa: (1) secara keseluruhan faktor fundamental berada dalam kategori rendah, akan tetapi masing-masing faktor fundamental yaitu current ratio berada dalam kategori rendah, debt to equity ratio berada dalam kategori rendah, return on equity berada dalam kategori tinggi, inventory turnover berada dalam kategori rendah, dan earning per share berada dalam kategori rendah, (2) ada pengaruh positif dan signifikan secara simultan dari faktor fundamental yaitu current ratio, debt to equity ratio, return on equity, inventory turnover dan earning per share terhadap harga saham, secara parsial ada pengaruh positif dan signifikan dari current ratio, return on equity, dan earning per share terhadap harga saham, dan debt to equity ratio dan inventory turnover berpengaruh tidak signifikan secara parsial terhadap harga saham, dan (3) earning per share memiliki pengaruh yang paling dominan terhadap harga saham.
Kata Kunci : faktor fundamental dan harga saham.

This research aims to know: (1) describe the fundamental factors such as the current ratio, debt to equity ratio, return on equity, inventory turnover and earnings per share, (2) examine the influence simultaneously and partially of fundamental factors on stock prices, and (3) determine the influence of the most dominant fundamental factors that affect on stock prices of the agricultural sector of the company's listed on the Indonesia Stock Exchange. This study using a descriptive and causal designs. Data were collected by recording the document, and it’s analyzed with multiple regression analysis. The results showed that: (1) overall fundamentals are in the low category, but each one fundamental factors such as current ratio are in the low category, debt to equity ratio are in the low category, return on equity are in the high category, inventory turnover are in the low category, and earning per share are in the low category, (2) there is a positive and significant simultaneous influence of fundamental factors such as the current ratio, debt to equity ratio, return on equity, inventory turnover and earnings per share on stock prices, by partial there is a positive and significant influence of current ratio, return on equity, and earning per share on stock price, and debt to equity ratio and inventory turnover had no significant effect on stock prices partially, and (3) earnings per share has most dominant influence on stock prices.
keyword : fundamental factors and stock price.