Pengaruh Current Ratio, Net Profit Margin Dan Good Corporate Governance Terhadap Harga Saham Syariah

Abstract

This study aims to determine the effect of the Current Ratio, Net Profit Margin, and Good Corporate Governance partially and simultaneously on stock prices in Islamic companies listed in the Jakarta Islamic Index. The population and sample of this study are Islamic companies listed on the Jakarta Islamic Index for the period 2016 to 2020. The sample of this research is 20 companies that have been selected using purposive sampling with certain criteria, namely Islamic companies that issue financial statements for five consecutive years, namely 2016 to 2020. The variables of this study are the dependent variable (Stock Price) and independent (Current Ratio, Net Profit Margin, and Good Corporate Governance. The analysis technique used is the Hausman test, classical assumption test, normality test, and hypothesis testing using tests partial t-test, simultaneous f-test with 5% significance, and coefficient of determination test. The research shows that the Current Ratio, Net Profit Margin, and Good Corporate Governance simultaneously affect stock prices, while the results of the t-test shows that the Current Ratio has no significant effect on stock prices and Net Profit Margin, Good Corporate Governance partially has a significant effect on stock prices. In conclusion, investors can only analyze Good Corporate Governance and net profit margin in determining stock prices