Pengaruh Harga Crude Palm Oil Dunia, Retrun On Equity dan Current Ratio Terhadap Harga Saham

Abstract

This study examines and analyzes the influence of a number of factors associated with the stock price of PT. Sinar Mas Agro Resoures & Technology Tbk. These factors include the price of crude palm oil (CPO) and financial ratios such as return on equity and current ratio hereinafter in this study functioned as independent variables to predict the stock price which functioned as the dependent variable. Implementation of this research takes36 months ie February 2015 – April 2015 includes designing, implementing, and reporting the results. This study uses ex post facto design using data that has been formed before the research was conducted. The population of this research is all around the Financial Statements PT. Sinar Mas Agro Resoures & Technology Tsince the company established to run the company until today. The study sample set of 32 samples, the quarterly financial statements for the period 2007-2014, the period of study for 8 (eight) years obtained through purposive sampling technique. Results showed that simultaneous independent variable prices of crude palm oil (CPO), Return on Equity and Current Ratio significant impact on the price of PT. Sinar Mas Agro Resoures & Technology Tbk Partially independent variable prices of crude palm oil (CPO), Return on Equity and Current Ratio and significant positive effect on stock price. For the coefficient of determination R2 , the third independent variable Price of Crude Palm Oil (CPO), Return on Equity and Current Ratio variable can explain stock price by 85.44% while the remaining 14.56% is explained by other variables outside of this research.