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PENGARUH KINERJA KEUANGAN BERDASARKAN TINGKAT PROFITABILITAS, LIKUIDITAS DAN SOLVABILITAS TERHADAP HARGA SAHAM PADA PERUSAHAAN SUB SEKTOR PERTAMBANGAN BATUBARA YANG TERDAFTAR DI BEI

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ABSTRACT EFFECT OF FINANCIAL PERFORMANCE BASED LEVEL OF PROFITABILITY, LIQUIDITY AND SOLVENCY TOWARD STOCK PRICE IN SUB-SECTOR COAL MINING LISTED IN IDX Written by: Gunawan Manullang NIM: 1232024 This study aimed to know whether financial performance of companies based on the level of profitability, liquidity and solvency have a significant impact on the company's stock price changes on the sub-sector coal mining in Indonesia in 2010- 2014. This study uses the year-end closing stock price as the dependent variable and independent variables in this study is that the company's financial ratios ROA, CR, and DER. The population in this study are all companies sub-sector coal mining listed on the Indonesia Stock Exchange. The procedure of sample selection using purposive sampling method and number of samples obtained by 12 companies. The analysis used in this study include coefficient correlation analysis, the classical assumption test, linear regression analysis, coefficient determination analysis, and hypothesis testing using t test and F test using significance level of 0.05. From the results of hypothesis testing seen significant value for ROA at 0,036 which indicate that these variables have a significant effect on stock prices, while for the variables CR and DER have significant value 0.625 and 0.720, which means the two variables no significant effect on stock prices. F test results showed that the three independent variables together no significant effect on stock prices. Keywords: Return on Asset (ROA), Current Ratio (CR), Debt to Equity Ratio (DER), Company’s Stock Price