Analisis Determinan Harga Saham Perusahaan Sektor Agriculture Yang Terdaftar Di Bursa Efek Indonesia

Puja Rizqy Ramadhan, Dito Aditia Darma Nasution

Abstract


This research was conducted to find out how the influence of return on assets, earnings per share, and debt to asset ratio on stock prices in agriculture sector companies listed on the Indonesia Stock Exchange. The population in this research amounted to 21 agricultural companies with a sample of 18 companies. This research used secondary data taken from idx.co.id with data used from 2014-2018. This research used quantitative data with multiple linear regression models. The results showed that the return on assets and debt to assets ratio partially had a negative and significant effect on the stock prices of agriculture companies, while the earnings per share had a positive and significant effect on the prices of shares of agriculture companies. Simultaneous return on assets, earnings per share, and debt to asset ratios had a significant effect on the prices of agricultural companies Return on assets, earnings per share and debt to asset ratio contributed 82.3% in the formation of stock prices, while the remaining 17.7% was obtained from other factors. Stock prices had a very close relationship to return on assets, earnings per share, and debt to asset ratio.

Keywords


Return on Assets, Earning per Share, Debt to Asset Ratio, Stock Prices

Full Text:

PDF

References


Alpi, M. Firza. (2016). Pengaruh Return on Assets Dan Earning Per Share terhadap Harga Saham pada Perusahaan Tekstil dan Garment yang Terdaftar di Bursa Efek Indonesia. Jurnal Ilmiah MAKSITEK Vol. 1 No. 1 2016: 56-64.

Brigham, E. F., & Houston, J. F. (2015). Manajemen Keuangan. Jakarta; Erlangga.

Darmadji, T., & Fakhruddin, H. M. (2016). Pasar Modal Di Indonesia: Pendekatan Tanya Jawab. Jakarta; Salemba Empat.

Gumantri, Aji. (2016). Analisis Pasar Saham. Jakarta; Salemba Empat.

Horne, V., & Wachowicz. (2015). Prinsip-prinsip Manajemen Keuangan. Jakarta; Salemba Empat.

Mujati, Y., & Dzulqodah, M. (2016). Pengaruh Earning Per Share dan Price Earning Ratio Terhadap Debt To Equity Ratio dan Harga Saham pada Perusahaan Sektor Makanan dan Minuman di Bursa Efek Indonesia. EKSIS Vol XI No 1, 2016.

Mussalamah, A. D. M., & Isa, M. (2015). Pengaruh Earning Per Share (EPS), Debt To Equity Ratio (DER) Dan Return On Equity (ROE) Terhadap Harga Saham (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2007-2011). BENEFIT Jurnal Managemen dan Bisnis Volume 19, Nomor 2, Desember 2015: 189-195.

Nurhayati, I. (2016). Pengaruh Earning Per Share Terhadap Harga Saham. Studi Kasus Pada PT. Charoen Pokphan Indonesia. Invator Jurnal Manajemen Vol 5, No 1 (2016).

Seda, A. F. (2017). Pengaruh Return On Assets, Economic Value Added, Debt Equity Ratio, Dan Earning Per Share Terhadap Harga Saham Pada Perusahaan Sektor Manufaktur. Medan; USU,

Sitepu, A. A. (2014). Analisis Pengaruh Debt Equity Ratio, Earning Per Share,Return On Assets Dan Status Penanaman Modal Terhadap Harga Saham Perusahaan Retail Yang Terdaftar Di Bursa Efek Indonesia. Medan; USU.

Sudana, I. M. (2016). Manajemen Keuangan Perusahaan Teori dan Praktik. Jakarta; Erlangga.

Tandelilin, E. (2016). Portofolio dan Investasi Teori dan Aplikasi. Yogyakarta; Kanisius.

www.idx.co.id




DOI: https://doi.org/10.30596/jrab.v20i2.5569