PENGARUH PROFITABILITAS, DER, DAN NILAI TUKAR TERHADAP HARGA SAHAM PADA PERUSAHAAN SUB SEKTOR FARMASI DI BURSA EFEK INDONESIA

Abstract

This study aims to determine and identify the effect of profitability, debt to equity ratio, and exchange rate on stock prices in pharmaceutical sub-sector companies on the Indonesia Stock Exchange for the 2018-2020 period. The nature of this research is to use a quantitative approach because the data used is in the form of numbers in statistical analysis. The population of this study is the pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange as many as 12 companies. And the number of samples in this study were 9 companies in the pharmaceutical sub-sector, using the sampling method, namely the purposive sampling method. The method used in this study is a panel data regression model forecasting method consisting of time series data and cross-section data. Based on the results of statistical analysis of research, it can be seen that Profitability and Exchange Rate have no significant effect while Debt to Equity Ratio (DER) has a significant effect on stock prices in Pharmaceutical Sub-Sector Companies on the Indonesia Stock Exchange for the 2018-2020 period.