PENGARUH RETURN ON ASSET DAN EARNING PER SHARE TERHADAP HARGA SAHAM

Alifia Rizqi Nurul Aziza, Kosasih Kosasih

Abstract

Penelitian ini dilakukan untuk mengetahui pengaruh ROA dan EPS secara parsial dan simultan terhadap harga saham pada perusahaan sektor pertanian di BEI periode 2014-2019. Populasi penelitian meliputi perusahaan sektor pertanian yang terdapat di BEI periode 2014-2019. Sampel ditentukan dengan teknik purposive sampling. Metode kuantitatif dengan pendekatan deskriptif dan verifikatif menjadi metode penelitian pada penelitian ini. Pengujian hipotesis menggunakan model analisis regresi linier berganda. Data diolah menggunakan software SPSS 25. Didapatkan hasil penelitian bahwa : (1) ROA tidak berpengaruh terhadap harga saham pada perusahaan sektor pertanian di BEI periode 2014-2019 dengan nilai koefisien 0,152 dan signifikansi 0,880 > 0,05. (2) EPS berpengaruh signifikan terhadap harga saham pada perusahaan sektor pertanian di BEI periode 2014-2019 dengan nilai koefisien 3,038 dan signifikansi 0,005 < 0,05. (3) ROA dan EPS berpengaruh signifikan secara parsial terhadap harga saham pada perusahaan sektor pertanian di BEI periode 2014-2019 dengan nilai koefisien 7,255 dan signifikansi 0,002 < 0,05.This study was conducted to determine the effect of ROA and EPS partially and simultaneously on stock prices in agricultural sector companies on the IDX for 2014-2019. The research population includes agricultural sector companies listed on the IDX for the 2014-2019 period. The purposive sampling technique determined the sample. Quantitative methods with descriptive and verification approaches are the research methods in this study. Hypothesis testing using multiple linear regression analysis models. The data were processed using SPSS 25 software. The results showed that: (1) ROA had no effect on stock prices in agricultural sector companies on the IDX for the 2014-2019 period with a coefficient value of 0.152 and a significance of 0.880 > 0.05. (2) EPS significantly affects stock prices in agricultural sector companies on the IDX for the 2014-2019 period with a coefficient value of 3.038 and a significance of 0.005 <0.05. (3) ROA and EPS have a partially significant effect on stock prices in agricultural sector companies on the IDX for the 2014-2019 period with a coefficient value of 7.255 and a significance of 0.002 <0.05.

Keywords

Return On Asset; Earning Per Share; Harga Saham

References

Andriyanto, I., & Khoirunnisa, S. (2018). Pengaruh Return on Asset, Net Profit Margin, dan Earning Per Share Terhadap Harga Saham Perusahaan Rokok Go Public. AKTSAR: Jurnal Akuntansi Syariah, 1(2), 215–232. https://doi.org/10.21043/aktsar.v1i2.5158

Annisa, A., Nasarudin, F., & Mursalim. (2019). Pengaruh Return On Asset (ROA), Debt To Equity Ratio (DER), Dan Earning Per Share (EPS) Terhadap Harga Saham Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. Tangible Journal, 4(2), 217.

Astuti, O. D. D. (2018). Pengaruh Return On Asset (ROA), Earning Per Share (EPS), Dan Net Profit Margin (NPM) Terhadap Harga Saham Pada Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia (BEI) Periode 2014-2017. Jurnal Ekonomi Manajemen, 4(1), 9.

Bustani. (2020). The Effect of Return on Assets (ROA), Net Profit Margin (NPM), Dividend Payout Ratio (DPR) and Dividend Yield (DY) on Stock Prices in the Subsectors tnsurance Company Listed in Indonesia Stock Exchange Period 2015-2018 Bustani. Ilomata International Journal of Tax & Accounting, 1(3), 170–178.

Hawa, I. B., & Prijati. (2017). Pengaruh ROA, DER, NPM, Dan EPS Terhadap Harga Saham Pada Perusahaan Properti. Jurnal Ilmu Dan Riset Manajemen, 6(11), 1–20. http://jurnalmahasiswa.stiesia.ac.id/index.php/jirm/article/view/893

Huda, M. N., & Sriyono. (2020). Pengaruh Profitabilitas, Earning Per Share, Likuiditas Dan Leverage Terhadap Harga Saham (Studi Pada Perusahaan Sub Sektor Konstruksi Dan Bangunan Yang Terdaftar Di Bursa Efek Indonesia Periode 2012-2016) Mochammad. International Journal On Economics, Finance And Sustainable Development, 57–64.

Kurniawan, R., & Sudarso, L. (2020). Fundamental vs Technical: Which side are you in? Elex Media Komputindo.

Kusumadewi, R. N. (2018). Pengaruh Return on Asset (ROA), Return on Equity (ROE), dan Net Profit Margin (NPM) Terhadap Harga Saham (Studi Kasus Pada Perusahaan Manufaktur Sektor Food and Beverage Yang Terdaftar Di Bursa Efek Indonesia Periode 2015-2017). Jurnal Ilmiah Manajemen & Akuntansi, 5(2), 164–176.

Lutfiah, D., & Soegoto, D. S. (2020). Return on Assets, Debt to Equity Ratio, and Earning per Share Impact on Stock Price in Property Companies Stock Exchange. Advances in Economics, Business and Management Research, 112, 181–185.

Paradita, P. L., Drs. Muhaimin Dimyati, M. S., & Khoirul Ifa, SE., M. S. (2019). Pengaruh ROA , DER , OPM , EPS Dan Current Ratio Terhadap Harga Saham Perusahaan Industri Barang Konsumsi Yang Terdaftar Di Bursa Efek Indonesia Periode Tahun 2015 – 2017. Progress Conference, 2, 215–221.

Purba, M. A. (2019). Pengaruh Earning Per Share, Dividend Per Share Dan Financial Leverage Terhadap Harga Saham Pada Perusahaan Food and Beverage Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Akuntansi Barelang, 4(1), 86–95. https://doi.org/10.33884/jab.v4i1.1480

Purwaningsih, S. (2020). The Effect of Profitability, Sales Growth and Dividend Policy on Stock Prices. Asian Journal of Economics, Business and Accounting, 18(3), 13–21. https://doi.org/10.9734/ajeba/2020/v18i330284

Rahmadewi, P. W., & Abundanti, N. (2018). Pengaruh EPS, PER, CR, dan ROE Terhadap Harga Saham Di Bursa Efek Indonesia. E-Jurnal Manajemen Universitas Udayana, 7(4), 2106–2133. https://doi.org/https://doi.org/10.24843/EJMUNUD.2018.v7.i04.p14

Safitri, K., Mertha, I. M., Wirawati, N. G. P., & Dewi, A. (2020). The Impact of Debt to Equity Ratio, Price Earning Ratio, Earning Per Share to The Stock Price On Banking Sectors Listed In Infobank15 index 2014-2018. American Journal of Humanities and Social Sciences Research (AJHSSR), 4(5), 49–56.

Setiawan, A., & Bayu Aji Sumantri, M. (2020). The Effect of Return On Equity (ROE), Debt Equity Ratio (DER), and Earning Per Share (EPS) on Share Prices in LQ45 Indexed Companies on the Indonesia Stock Exchange for the 2015-2018 Period. Technium: Romanian Journal of Applied Sciences and Technology, 2(7Technium: Romanian Journal of Applied Sciences and Technology), 324–335.

Sugiyono. (2019). Metode Penelitian Kuantitatif, Kualitatif, dan R&D (2nd ed.). ALFABETA.

Tandelilin, E. (2017). Pasar Modal Manajemen Portofolio & Investasi. PT Kanisius.

Wijaya, R. F. (2014). Investasi Saham Ala Swing Trader Dunia. Elex Media Komputindo.

Wulandari, A. I., & Badjra, I. B. (2019). Pengaruh Profitabilitas Terhadap Harga Saham Pada Perusahaan Lq-45 Di Bursa Efek Indonesia (Bei). E-Jurnal Manajemen Universitas Udayana, 8(9), 5722–5740. https://doi.org/10.24843/ejmunud.2019.v08.i09.p18

Zamzany, F. R., Setiawan, E., & Azizah, E. N. (2018). Reaksi Sinyal Keuangan Terhadap Harga Saham Sektor Pertanian di Indonesia. Esensi: Jurnal Bisnis Dan Manajemen, 8(2), 133–140. https://doi.org/10.15408/ess.v8i2.7598

Refbacks

  • There are currently no refbacks.