PENGARUH RETURN ON ASSETS, RETURN ON EQUITY DAN DEBT TO EQUITY RATIO TERHADAP HARGA SAHAM PADA PERUSAHAAN ASURANSI UMUM YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2016-2020

Abstract

       The effect of Return On Asset, Return On Equity and Debt to Equity Ratio on stock prices listed on the indonesia stock exchangein 2016-2020. This type of research is quantitative research. The population in this study are general insurance companies listed on the Indonesia Stock Exchange in 2016-2020. The sample of this study was selected using a purposive sampling method as many as 8 general insurance companies listed on the Indonesia Stock Exchange in 2016-2020. The data used is secondary data obtained from the Indonesia Stock Exchange website and data analysis using descriptive statistics and multiple linear regression.

        The results indicate that: Return on Assets has a positive and significant effect on stock prices, this shows where tcount (2,929) > ttable (2,026) with a significant value of 0.006 where the result is smaller than 0.05. Return On Equity partially has a negative and significant effect on stock prices in general insurance companies listed on the Indonesia Stock Exchange in 2016-2020. This shows where tcount (-2.668) > ttable (2.026) with a significant value of 0.011. Debt to Equity Ratio (DER) partially has no negative and insignificant effect on stock prices in general insurance companies listed on the Indonesia Stock Exchange in 2016-2020. This shows where tcount (-0.761) < ttable (2.026) with a significant value of 0.452 where the result is greater than 0.05. Return On Assets, Return On Equity and Debt to Equity Ratio simultaneously and significantly affect stock prices in general insurance companies listed on the Indonesia Stock Exchange in 2016-2020. This is indicated by the results of the f test of Fcount (3.037) > Ftable (3.25) and a significance value of 0.041 which is smaller than 0.05.