Pengaruh Profitabilitas, Kecukupan Modal dan Likuiditas Terhadap Harga Saham (Perusahaan Perbankan yang Terdaftar di BEI)

This study aimed to examine the effect of profitability, as measured by return on asset, sufficiency of capital as measured by the capital adequacy ratio, and liquidity as measured by loan to deposit ratio to the stock price (cummulative abnormal returns) in companies listed on the Indonesia Stock Exchange (IDX ). This study considered the causative research. The population in this study are companies of banking listed on the Stock Exchange in 2008 until 2011. While the sample was determined by the purposive sampling method to obtain a sample of 28 companies. Types of data used is secondary data obtained from www.idx.co.id. The method of analysis used is multiple regression analysis. Based on the results of multiple regression analysis with a significance level of 5%, the results of the study concluded: (1) return on asset has a positive and significant effect on stock prices on companiesof banking  listed on the Indonesia Stock Exchange with the β coefficient is positive amounted to 2,135 and significance value 0.007  0.05, (3) loan to deposit ratio does not affect the price shares in companies of banking listed on the Indonesia Stock Exchange with the β coefficient is negative amounted to -0,008 and significance value 0.879> 0.05. Based on the above results, it is suggested: (1) For the company, it can be used as consideration in maximizing stock price, (2) For academics and researchers turn, can increase an empirical and scientific evidence regarding earnings information, dividend policy, and the profitability of the stock market, which can be input in line with this research, (3) For the investor, it can be used as a consideration in making investment decisions. Keywords : Earnings Information, Earning Per Share, Dividend Policy, Dividen Per Share, Profitability, Return On Equity, Stock Price, Cummulative Abnormal Return