scholarly journals ANALISIS PENGARUH STOCK SPLIT DAN KINERJA KEUANGAN TERHADAP HARGA SAHAM STUDI PADA EMITEN SEKTOR MANUFAKTUR

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
S Sukimin

Stock split is one of the corporate action by the company with the goal set back to stock prices in the range that is more liquid and provide a quality signal to investors. This study aims to analyze the effect of the stock split and the financial performance of the issuer's stock price studies on the manufacturing sector. The theory is the reference of this study, namely Signaling Theory. Signaling theory declares a stock split provides a positive signal for the company manager will inform the future prospects of the company to the public good who do not know. The stock price is the value of a stock that reflects the wealth of the company that issued the stock. Stock prices are formed from the interaction of buyers and sellers of shares in the stock market or stock exchange which is motivated by their expectations of corporate profits. The study was conducted on 7 companies that are listed on the Stock Exchange and they do stock split in the year 2008-2011. Hipoteis testing in this study using multiple regression. The research instrument will be tested in this study is the Earning Per Share (EPS), Return On Investment (ROI), Return on Equity (ROE), Price Earning Ratio (PER), Price to Book Value (PBV) is to test the effect of the stock split and financial performance of the company's stock price. The equations are formed in this study is Stock Price = C + 11,18421EPS - 2,10ROI - 23,62ROE + 556,82PBV + 85,25PER - 244,80Stocksplit + e. The results showed Earning Per Share (EPS) is a variable financial performance and a significant positive effect on stock prices, both before and after stocksplit, while the Return On Investment (ROI), Return on Equity (ROE), Price Earning Ratio (PER), Price to Book Value (PBV) effect is not significant. According to the theory, the higher the ratio of financial performance, the better the state of a company

Equity ◽  
2019 ◽  
Vol 22 (1) ◽  
pp. 37
Author(s):  
Muhammad Irfan Sauqi ◽  
Endah Tri Wahyuningtyas ◽  
Heni Agustina

The purpose of this study is to determine the financial effect proxy through Current  ratio, Debt Equity Ratio, Return On Asset, Return On Equity, Return On Investment and Net Profit Margin Against Stock Price of the Company and the like mentioned in Indonesia Stock Exchange. The sample used in the study amounted to 16 companies from a total of 18 companies, for the techniques used in the study using multiple regression analysis. The test results show the variable Current Ratio, Debt Equity Ratio, Return On Asset, Return On Equity, Return On Investment and Net Profit Margin simultaneously affect the stock price of metal companies and the like listed on the Indonesia Stock Exchange, with the results obtained F- count as 5,948 with  significant 0.000 < 0.05. Which means the relationship between the independent variables Current Ratio, Debt Equity Ratio, Return On Asset, Return On Equity, Return On Investment and Net Profit Margin together have a close relationship to stock prices.


2021 ◽  
Vol 4 (2) ◽  
pp. 187-197
Author(s):  
Sulis Tiono ◽  
Bambang Sugeng Dwiyanto

Stock price fluctuations are natural and almost occur in all companies in various sectors, including companies in the oil mining sector so that price changes affect the company's financial performance and stock prices which can be analyzed fundamentally using financial ratios to aspects in the financial statements. The framework of this research is to analyze the effect of financial ratios on stock prices. The population and sample used are oil mining sector companies listed on the Indonesia Stock Exchange 2014-2018. The sampling method used is purposive sampling or judgmental sampling. Sources of data used are secondary data in the form of financial statements. The tool used for data collection is through the method of observation and analysis of the company's financial statements. The results showed, based on the t test value, stock prices were positively influenced by Return on Equity (ROE), Book Value (BV) and Price to Book Value (PBV), while negatively influenced by Debt To Equity Ratio (DER) and Net Profit. Margins (NPM). Based on the F test value, stock prices are positively influenced by ROE, DER, NPM, Earnings Per Share (EPS), BV, and PBV. Based on the coefficient of determination test (R2), stock prices are strongly influenced by ROE, DER, NPM, BV, and PBV by 91.5% and influenced by other variables by 8.5%.


2015 ◽  
pp. 12-30
Author(s):  
Anastasia F. Karo-Karo ◽  
Donalson Silalahi

This study aimed to analyze the influence Earning Per Share, Return on Equity, Book Value, Growth Company and market factors, namely Capitalization Rate on stock price on manufacturing companies listed in Indonesia Stock Exchange. The object of this research is manufacturing companies listed in Indonesia Stock Exchange 2010-2012 period who actively publish the financial statements in the period of observation. In this study, the data collected is of secondary data is data obtained indirectly from the object of research. Therefore, in this study the data capture technique using the documentation techniques. The procedure of sample selection is purposive sampling and analysis model used is the Multiple regression to test the hypothesis that the t test and F test and also performed classical assumption. The results showed that the Earning Per Share, Return on Equity, Book Value positive and significant effect on stock prices and capitalization rates and a significant negative effect on stock prices. Based on the test results indicate that simultaneous Earning Per Share, Return on Equity, Book Value, Growth companies and capitalization rates affect stock prices. Variations independent variable Earning Per Share, Return on Equity, Book Value, Growth companies and capitalization rate is able to explain the variation in stock prices by 95.64%.


2012 ◽  
Vol 1 (2) ◽  
pp. 33
Author(s):  
Bambang Sugeng Dwiyanto

<span><em>Bankcruptcy is a very important problem, in which every </em><span><em>company should be aware of. It is very important to detect the signs of the </em><span><em>coming bankruptcy of the company as soon as possible in order to take </em><span><em>effective action to avoid it. One popular model to do so is Z-score, a </em><span><em>statistical model to predict bankruptcy based on company financial </em><span><em>performance. This paper deals with the analysis of the financial performance </em><span><em>of property companies listed on the Indonesia Stock Exchange. However, in </em><span><em>previous research it was found that there is no strong correlation between the </em><span><em>companies financial performance with their stock prices, thus encouraging </em><span><em>further research. In this research, the analysis focused on the influence of the </em><span><em>financial ratio-ratio (X1) Ratio net working capital / total assets, (X2) Ratio of </em><span><em>retained earnings / total assets, (X3) Ratio of earnings before interest and </em><span><em>taxes / total assets, (X4) Ratio of market value equity / book value of total </em><span><em>debt, and (X5) Total sales / Total assets) to the stock price. Apparently based </em><span><em>on classical assumption test, multiple regression analysis, coefficient of </em><span><em>determination, and F-Test , it was found that there is no significant effect </em><span><em>between the financial value of ratio-ratio simultaneously with their stock </em><span><em>prices, and the ratio of total sales / total assets is the most dominant variable </em><span><em>influence.</em></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br /></span>


Owner ◽  
2020 ◽  
Vol 4 (2) ◽  
pp. 387
Author(s):  
Yosephin Windy Olyvia Siagian ◽  
Remaya Sinaga ◽  
Elisabet Sinaga ◽  
Jholant Bringg Luck Amelia Br.Sinaga

ABSTRACT This study is examined in order to explore how much influence Earning Per Share (EPS), Return On Equity (ROE), and Price Book Value (PBV) simultaneously and partially on stock prices on Banking Companies listed on the Indonesia Stock Exchange in 2015-2017 . This type of research used quantitative descriptive by nature sourced in the explanation stage where the research is more inclined to temperament cause or effect. The analytical method used is multiple linear regression method. The research approach used is a quantitative approach. The population quantity of 43 agencies over a total sample of 31 companies so that the total number of samples to be studied was 93 observations (31 x 3). The analysis value of the coefficient of determination is obtained from Adjusted R Square 0.942 with the intention that stock price variables can be explained in variations of EPS, ROE, and PBV variables of 94.2% while the remaining 5.8% is explained by other independent variables. The conclusions in the results of observations indicate partially EPS and PBV have a positive and significant effect on stock prices, partially ROE has a negative and significant effect on stock prices. Simultaneously, EPS, ROE and PBV have a significant effect on stock prices on Banking Companies listed on the Indonesia Stock Exchange in 2015-2017. Keywords: Earning Per Share (EPS), Return On Equity (ROE), Price Book Value (PBV), Stock Prices


2014 ◽  
Vol 4 (1) ◽  
pp. 57
Author(s):  
Mei Ayu Warti ◽  
Salamatun Asakdiyah

This study aims to determine the influence of Earning Per Share (EPS), Price to Book Value (PBV), Return On Equity (ROE), Return On Investment (ROI), and Price Earning Ratio (PER) towards the stock price at Metal andd Allied Product Companies in Indonesia Stock Exchange. The population in this study amouted to 14 companies, and by using sampling techniques in the form of purposive sampling acquired 11 companies which can be sampled. Source of data used in this research is secondary data derived from Indonesian Capital Market Directory (ICMD) in 2005 until 2009. Data analysis in this study using multiple linear regression analysis and t test. The result of analysis is the EPS has significant influences on stock price with value of 0.000 < 0.05, PBV has a significant influence on stock price with a value 0.000 < 0.05,  ROE does not have a significant influence on stock price with a value of 0.141 > 0.05, ROI does not have a significant influence on stock price with a value of 0.913 > 0.05, and PER does not have a significant influence on stock price with a value of 0.154 > 0.05. value of R Square shows the results 0.720, which means 72% of the stock price can be explained by the variable EPS, PBV, ROE, ROI, and PER, while the remainder, 28% of stock price is explained by other independent variables are not observed/assumed to be constant.


2018 ◽  
Vol 3 (1) ◽  
pp. 52
Author(s):  
Venny Junica Utami

The results of this study indicate that Financial Performance, Risk Management and Working Capital Management Against Stock Price of Construction Industry in Indonesia Stock Exchange period 2012-2016 with the number of Fhitung 12,441 and Ftabel of 2.71, it can be seen that Fcount> Ftable is 12,441> 2, 71, meaning there is a significant influence between earnings per share (EPS), price earning ratio (PER), return on equity (ROE), bi rate and cash conversion cycle (CCC) simultaneously to stock prices while the value of t arithmetic EPS of 5.494 and ttabel 1.72472 from the comparison then it can be known t count <ttabel (5,494 <1,72472). The conclusion is that all independent variables have significant effect on dependent variable at α = 5% or 0,05 and F test criterion by comparing Fcount 12,441 and Ftabel 2,71, it can be seen that Fcount> Ftable is 12,441> 2,71 , meaning there is a significant influence between earnings per share (EPS), price earning ratio (PER), return on equity (ROE), bi rate and cash conversion cycle (CCC) simultaneously to stock price in property and real estate industry in 2012 -2016. Keyword: financial performance, stocks, stock exchange


2018 ◽  
Vol 9 (1) ◽  
pp. 18-31
Author(s):  
Nadi hernadi Moorcy

Abstrak   Harga saham dapat mencerminkan nilai dari suatu perusahaan. Perusahaan yang kinerja keuangannyabaik, sahamnya akan banyak diminati oleh investor. Salah satu yang diperhatikan dalam pencapaian kinerja suatu perusahaan adalah laba. Rasio yang digunakan sebagai pengukur kinerja keuangan perusahaan antara lainReturn On Assets (ROA), Return On Equity(ROE) dan Earning Per Share (EPS).Penelitian ini bertujuan untuk mengetahui dan membuktikan secara empiris pengaruh Return On Asset, Return On Equity dan Earning Per Shareterhadap harga saham pada perusahaan Food & Beverages yang terdaftar di Bursa Efek Indonesia periode 2010-2015. Teknik pengambilan sampel menggunakan purposive sampling dengan jumlah sampel sebanyak 10 perusahaan. Data dianalisis dengan menggunakan analisis linear berganda. Hasil penelitian secara parsialmenunjukan bahwa ROA tidak berpengaruh terhadap harga saham, ROE tidak berpengaruh terhadap harga saham, sedangkan EPS berpengaruh terhadap harga saham. Secara simultan ROA, ROE dan EPS berpengaruh terhadap harga saham. Abstract   Stock prices may reflect the value of a company. Companies whose financial performance is good, its shares will be much in demand by investors. One that is considered in the achievement of a company's performance is profit. Ratios used as a measure of corporate financial performance include Return On Assets (ROA), Return On Equity (ROE) and Earning Per Share (EPS). This study aims to determine and prove empirically the influence of Return On Assets, Return On Equity and Earning Per Share to stock prices at Food & Beverages companies listed on the Indonesia Stock Exchange 2010-2015 period. The sampling technique used purposive sampling with the number of samples of 10 companies. Data were analyzed by using multiple linear analysis. The results of partially show that ROA does not affect the stock price, ROE do not affect the stock price, while the EPS effect on stock prices. Simultaneously ROA, ROE and EPS effect on stock prices.


Author(s):  
Melpa Riani ◽  
Iskandar Muda ◽  
Endang Sulistya Rini

This study aims to determine the effect of financial performance on stock prices of infrastructure, utility and transportation companies listed on the Indonesia Stock Exchange. The variables used in this study are stock price as the dependent variable and Current Ratio, Debt to Equity Ratio, Total Assets Turnover, Net Profit Margin, Return on Equity and Price Earning Ratio as independent variables with Earning Growth as a moderating variable. The samples taken were thirty infrastructure, utility and transportation companies listed on the Indonesia Stock Exchange (BEI) in 2010-2019. The data used are the financial statements of each sample company, published through www.idx.co.id and www.financeyahoo.com. The method of analysis used in this research is a quantitative method, with classical assumption testing, and statistical analysis, namely multiple linear regression analysis using a random-effects model. The sampling method used was purposive sampling. The results of this study show that the financial ratios consisting of the TATO, NPM, ROE and PER ratios partially have a positive and significant effect on stock prices. In contrast, CR and DER have no significant effect on stock prices. Earning Growth variable is only able to moderate the effect of NPM on stock prices.


2017 ◽  
pp. 89-108
Author(s):  
Abdonsius Sitanggang

This study wants to analyze the influence of fundamental factors on stock prices listed manufacturing in Indonesia Stock Exchange with the observation period Z004 to 2006. Fundamental analysis is used to assess the feasibility of investing in the stock because it can generate the variables that determine stock prices in the fitture. Valuation concept stocks with fitndamental analysis will yield information about whether a particular stock worth buying or not feasible, based on the opportunity to generate returns. To perform this analysis, it would require the company's financial data and other data related to the concept of stock valuation. One source of information that can be used is the company's financial statements. Pniecahan study focused on the issue of corporate fundamental factors jointly influence the stock price companies manufacturing in Indonesia Stock Exchange and what factors aflect the price of the most dominant share of manufacturing companies in Indonesia Stock Exchange. The study aimed to determine the influence of fundamental factors together (simultaneously) on stock prices of manufacturing companies in Indonesia Stock Exchange and to determine the factors that most influence the predominantly manufacturing company‘s stock price in the Indonesia Stock Exchange. The results showed that the six independent variables are return on equity (ROE), debt to equity ratio (DER), net book value (NVB), dividend payout ratio (DPR), dividend growth (GTH) and the expected rate of return (KS5) significantly influence the company's stock price is publicly traded on the Indonesia Stock Exchange with a coeflicient value of R-squared = 0.828758 and Adjusted R-squared = 0.821720 with 0.0000 significance. These results indicate that all six variables are taken into consideration appropriate to analyze the stock prices of publicly traded companies in Indonesia Stock Exchange. The most dominant factor affiecting the stock price of publicly traded companies in Indonesia Stock Exchange is the net book value (NBV) with kefisien value of 0.647716. The analysis of this study indicate that the parties - stakeholders should consider the variable return on equity (ROE), debt to equity ratio (DER), net book value (NVB), dividend payout ratio (DPR), dividend growth (GTH) and the expected benefits (KS5) in making decisions.


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