ABSTRACT

The capital market is a place for long-term financial asset transactions to occur. This research was conducted to determine the effect of Debt To Asset Ratio (DAR) and Debt To Equity Ratio (DER) on Stock Prices.

This research is a causal associative based on the explanation above, namely research that looks for a causal relationship or effect, namely the independent/dependent variables (DAR and DER) on the dependent variable (Stock Price). The population in this study is service companies in the transportation sub-sector with a purposive judgment sampling method of 10 samples. The type of data used is quantitative data in the form of annual financial reports from each company and is secondary data.

The results of this study indicate that (1) Debt To Asset Ratio partially has a significant effect on stock prices. (2) Partially Debt To Equity Ratio does not have a significant effect on stock prices. (3) Debt To Asset Ratio and Debt To Equity Ratio, simultaneously have a significant effect on stock prices simultaneously.

Keywords: Debt To Asset Ratio, Debt To Equity Ratio, Stock Price.

ABSTRAK

Pasar modal merupakan tempat terjadinya transaksi aset keuangan jangka panjang atau long-term financial assets. Penelitian ini dilakukan untuk mengetahui pengaruh Debt To Asset Ratio (DAR) dan Debt To Equity Ratio (DER) terhadap Harga Saham.

Penelitian ini bersifat asosiatif kausal berdasarkan penjelasan diatas, yaitu penelitian yang mencari hubungan atau pengaruh sebab akibat, yaitu variabel independen/bebas (DAR dan DER) terhadap variabel dependen/terikat (Harga Saham). Populasi pada penelitian ini yaitu perusahaan jasa pada sub sektor transportasi dengan metode penarikan sampel yaitu purposive judgement sampling dengan jumlah sebanyak 10 sampel. Jenis data yang digunakan ialah data kuantitatif berupa laporan keuangan tahunan dari setiap perusahaan dan merupakan data sekunder.

Hasil dari penelitian ini menunjukkan bahwa (1) Debt To Asset Ratio secara parsial berpengaruh secara signifikan terhadap harga saham. (2) Debt To Equity Ratio secara parsial tidak berpengaruh secara signifikan terhadap harga saham. (3) Debt To Asset Ratio dan Debt To Equity Ratio, secara simultan berpengaruh secara signifikan secara bersama-sama terhadap harga saham.

Kata Kunci: Debt To Asset Ratio, Debt To Equity Ratio, Harga Saham.