Abstract Proceedings of The 5th Annuual International Conference Syiah Kuala University (AIC Unsyiah) 2015

In conjunction with The 8th International Conference of Chemical Engineering on Science and Applications (ChESA) 2015
September 9-11, 2015, Banda Aceh, Indonesia

The Influence of Liquidity, Profitability, and Dividend

Payout Ratio on Stock Price (An Empirical Study on LQ45
Companies Listed on The Indonesia Stock Exchange)
Nurjannah, and 2M. Rizal Yahya

Department of Accounting, Faculty of Economics, Syiah Kuala University, Darussalam,

Banda Aceh 23111, Indonesia
*Coorresponding Author: jannah0693@gmail.com
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Abstract
The purpose of this research is to examine the influence of liquidity, profitability, and
dividend payout ratio on stock price. The population of this research is LQ45 companies that
listed on the Indonesia Stock Exchange between 2011 and 2013. This study used a multiple
regression analysis to analyze the data. The data used in this study is secondary data that
collected from ICMD (Indonesia Capital Market Direectory). Current ratio, return on equity
ratio, and dividend payout ratio as the indicator for the independent variable. Meanwhile for
dependent variable, the indicator used is closing price. The result showed that liquidity,
profitability, and dividend payout ratio influence the stock price both partially or
simultaneously.
Key words: Liquidity, Profitability, Dividend Payout Ratio, Stock Price