PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PADA PERUSAHAAN ROKOK DI BURSA EFEK INDONESIA

The purpose of this research is to find out the influence of financial performance which is proxy through Return on Assets, Earnings per Share, Price Earnings ratio to the cigarette companies’ share prices which are listed in the Indonesia Stock Exchange. The samples are 3 cigarette companies and multiple regression analysis is the analysis technique is used in this research. The result of research shows that the influence of Return on Assets, Earnings per Share and Price Earnings ratio variables to the cigarette companies’ share prices in the Indonesia Stock Exchange is significant. This by the correlation coefficient that is 97.3% is significant correlation or the relationship among independent variables Return on Assets, Earnings per Share and Price Earnings ratio that share price has a strong relationship. The result of partial test that from these 3 variables: Return on Assets, Earnings per Share and Price Earnings ratio, two variables which have significant influence to the share price are Earnings per Share and Price Earnings ratio. This is significant values which are generated by each variable is smaller than α = 5%. The result partial determination coefficient that the earnings per share this variable has dominant influence to the share price. Keywords: financial performance ratio, share price, simultaneous influence, partial influence, determination coefficient