Pengaruh Debt to Equity Ratio, Dividend Payout Ratio, Dan Return on Equity Terhadap Harga Saham (Studi Kasus Pada Saham di Sektor Kesehatan yang Sudah IPO di Indonesia Tahun 2019 - 2021)

Abstract

The stock price is the value that a stock has. Stock prices can be influenced by internal and external factors. Internal factors such as information from the company's financial statements. While external factors can be in the form of political conditions and government policies. This study aims to examine the effect of the debt to equity ratio, dividend payout ratio, and return on equity on stock prices (a case study on stocks in the health sector that have gone IPO in Indonesia in 2019 - 2021). The population in this study were 20 companies. Determination of the sample in this study using a purposive sampling technique, namely the technique of determining the sample by using certain considerations. Based on the purposive sampling technique, the number of samples used in this study was 60 samples. The financial report data used in this study are the first, second, third and fourth quarter financial reports. The research method used is quantitative with associative research techniques. The data analysis technique used is the classical assumption test, multiple linear regression analysis, F statistical test, coefficient of determination test, and t statistical test. The results of the study stated that; 1) the debt to equity ratio has a negative effect on stock prices in the health sector. 2) the dividend payout ratio has a negative effect on stock prices in the health sector. 3) return on equity has a negative effect on stock prices in the health sector.