ANALISIS PENGARUH LEVERAGE DAN PROFITABILITY TERHADAP HARGA SAHAM DENGAN AUDIT DELAY SEBAGAI VARIABEL INTERVENING = (STUDI KASUS PERUSAHAAN PROPERTI DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2016-2019)

The capital market is one of the sources of funds to increase capital for companies that go public through issuing shares and selling them to investors through the Indonesia Stock Exchange (IDX), while investors who want to invest in a company can do so by buying shares of the company they want through the market. capital. The movement of shares is in line with the performance of the issuer, if the issuer has a better performance, the profit that can be generated from business operations is getting bigger, so that every com-pany that issues shares pays close attention to its share price. The purpose of this study is to analyze the effect of leverage and profit-ability on audit delay and stock prices, to analyze the effect of audit delay on stock prices, and to analyze the effect of leverage and profitability on stock prices through audit delay. The research sample was property and real estate companies listed on the Indonesia Stock Exchange (IDX) using purposive sampling technique, the total sample were 37 companies with observation samples for 4 years (2016 to 2019). Data were analyzed using PLS analysis and path analysis. The results show that leverage has a positive and significant effect on audit delay, and profitability has a positive and significant effect on audit delay, and profitability has a positive and significant effect on stock prices.
Keywords : Leverage, profitability, audit delay and stock prices