MANUFACTURING COMPANY'S STOCK PRICE: EFFECTDIVIDEND PER SHARE, EARNING PER SHARE, RETURN ON INVESTMENT, PRICE BOOK VALUE LISTINGIN BEI

Titin Eka Ardiana, Ika Farida Ulfah

Abstract

The increase in stock prices is strongly influenced by dividends per share, earnings per share, return on investment, and price book value. The data collection technique in this study uses financial report data from all manufacturing companies listed on the Indonesia Stock Exchange in 2018, which are 131 companies and uses a purposive sampling technique. The results of this study both partially and simultaneously show that Dividend Per Share (DPS) has an influence on stock prices which can explain that the greater the dividends distributed by the company, the direct impact on the increase in the company's share price. 2) There is a significant effect of Earning Per Share (EPS) on stock prices. 3) The negative effect of Return on Investment (ROI) on stock prices illustrates that the profit information obtained by the company for each company's total assets is not necessarily responded to by investors with high stock prices. 4) The influence of Price Book Value (PBV) indicates that the value of the company perceived by investors will be in line with the increase in the company's stock price. The contribution of the four dependent variables to stock prices is 86.8% and 3.2% can be explained by other variables outside of this study.

Keywords: Share Price, Dividend Per Share (DPS), Earning Per Share (EPS), Return on Investment (ROI), Price to Book Value (PBV)

Full Text:

PDF

References

Brigham dan Houston. (2006). Dasar-Dasar Manajemen Keuangan. Edisi 10. Jakarta: Salemba Empat.

Candra, Restu Adi. (2010). Pengaruh ROE Dan EPS Terhadap Harga Saham Pada Perusahaan Food And Beverage Yang Terdaftar Di Bursa Efek Indonesia.

Baridwan, Zaki. (2004). Intermediate Accounting. Yogyakarta: BPFE-Yogyakarta.

Brigham dan Houston. (2006). Dasar-Dasar Manajemen Keuangan. Edisi 10. Jakarta: Salemba Empat.

Candra, Restu Adi. (2010). Pengaruh ROE Dan EPS Terhadap Harga Saham Pada Perusahaan Food And Beverage Yang Terdaftar Di Bursa Efek Indonesia.

Erwin. (2011). Pengaruh Cash Devidend Coverage, Debt To Equity Ratio, Return On Equity, Return On Assets, Total Assets Turnover dan Earning Per Share Terhadap Harga Saham Perusahaan Manufaktur di Bursa Efek Indonesia.

Fahmi, Irham. (2012). Pengantar Pasar Modal. Bandung:CV Alfabeta

Ghozali, Imam. (2018). AplikasiAnalisis Multivariate Dengan Program IBM SPSS. Edisi keenam. Semarang: Badan Penerbit Universitas Diponegoro Semarang

Hanafi, Mamduh. & Halim, Abdul. (2009). Analisis Laporan Keuangan. Yogyakarta: UPP STIM YKPN

Hanani, Anisa Ika. (2011). Analisis Pengaruh EPS, ROE, dan DER terhadap Return Saham pada Perusahaan-Perusahaan dalam Jakarta Islamic Index periode 2005-2007.

Heriyati, Chrisna. (2011). Pengaruh Return On Equity, Net Interest Margin Dan Deviden Payout Terhadap Harga Saham Perbankan Di BEI. Tesis. Magister Akuntansi Sekolah Pascasarjana Univ. Sumatera Utara.

Husnan, Suad. & Pudjiastuti, Enny. (2006). Dasar-Dasar Manajemen Keuangan. Edisi Kelima. Yogyakarta: UPP STIM YKPN.

Intan, Taranika. 2009. Pengaruh Devidend Per Share Dan Earning Per Share Terhadap Harga Saham Pada Perusahaan Go Public Di BEI.

Jogiyanto. 2008. Teori Portofolio dan Analisis Investasi. Yogyakarta: BPFE-Yogyakarta.

Martha, M., & Yanti, F. (2019). Pengaruh Inflasi, Nilai Kurs, ROA, DER, dan PBV Terhadap Harga Saham Perusahaan Retail di BEI Tahun 2010-2017. Bilancia: Jurnal Ilmiah Akuntansi, 3(1), 110-123.

Mulia, F. H. (2012). Pengaruh Book Value (BV), Price to Book Value (PBV), Earning Per Share (EPS), dan Price Earning Ratio (PER) Terhadap Harga Saham Perusahaan Food and Beverage yang Terdaftar di Bursa Efek Indonesia Tahun 2007–2010. Jurnal Kajian Akuntansi dan Bisnis, 1(1)

Murtiningsih, Dwi. (2013). Pengaruh ROA, ROE, NPM, EPS Dan DER Terhadap Tingkat Harga Saham.

Pratama, C. A., Azizah, D. F., & Nurlaily, F. (2019). Pengaruh Return on Equity (Roe), Earning Per Share (Eps), Current Ratio (Cr) dan Debt to Equity Ratio (Der) Terhadap Harga Saham (Studi pada Perusahaan Jakarta Islamic Index yang Terdaftar di Bursa Efek Indonesia Tahun 2014-2017). Jurnal Administrasi Bisnis, 66(1), 10-17.

Poernamawati, Fahmi. (2008). Pengaruh PBV Dan PER Terhadap Return Saham Pada Perusahaan Manufaktur Yang Terdaftar Di BEI. Jurnal Manajemen Gajayana Vol.5 No.2 November 2008. Universitas Gajayana.

Priatinah, Denies. & Kusuma, Prabandaru Adhe. (2012). Pengaruh ROI, EPS, Dan DPS Terhadap Harga Saham Perusahaan Pertambangan Yang Terdaftar Di BEI Periode 2008-2010. Jurnal Nominal. Vol.1 No.1.

Salim, Joko. (2010). Cara Gampang Bermain Saham. Jakarta: Visimedia.

Salmiyah, Alimatus. (2011). Analisis Pengaruh ROA, ROE, EPS Terhadap Harga Saham.

Samsul, Mohamad. (2006). Pasar Modal dan Manajemen Portofolio. Jakarta: Erlangga

Sparta dan Februwaty. (2005). Pengaruh Return On Equity, Earning Per Share Dan Operating Cash Flow Terhadap Harga Saham Industri Manufakturing di BEJ. Jurnal Akuntansi Vol. 1 FE UNTAR

Stella. (2009). Pengaruh PER, DER, ROA Dan PBV Terhadap Harga Pasar Saham. Jurnal Bisnis Dan Akuntansi Vol.11 No.2. Agustus 2009. STIE Trisakti.

Sunariyah. (2006). Pengantar Pengetahuan Pasar Modal. Edisi kelima. Yogyakarta: UPP STIM YKPN.

Tandelilin, Eduardus. (2010). Portofolio Dan Investasi Teori Dan Aplikasi. Edisi Pertama. Yogyakarta: Kanisius.

www.idx.com

Refbacks

  • There are currently no refbacks.