PENGARUH EARNING PER SHARE, DEBT TO EQUITY RATIO, RETURN ON ASSET, DAN RETURN ON EQUITY TERHADAP HARGA SAHAM PADA PERUSAHAAN LQ45 TAHUN 2015 - 2019

Abstract

The purpose of this study to determine and analyze the effect of earnings per share, debt to equity ratio, return on assets, and return on equity on stock prices in LQ45 companies on the Indonesia Stock Exchange. The data used in this study is data obtained from the financial statements of companies listed in the LQ45 index. The period used in this study is 5 years starting from 2015-2019. This research method uses quantitative methods and this research is analyzed using panel data analysis techniques, then hypothesis testing uses the Eviews version 9 program. The results of this study are Earning Per Share and Return On Equity had a significant effect on stock prices in LQ45 companies. Meanwhile, Debt To Equity Ratio and Return On Assets have no significant effect on stock prices in LQ45 companies. Simultaneously Earning Per Share, Debt To Equity Ratio, Return On Assets, and Return On Equity affect the stock price of LQ45. This is evidenced by the Fcount 0.000000<0.05 and the R-Squared value of 0.957499 indicating that simultaneously Earning Per Share, Debt To Equity Ratio, Return On Assets, and Return On Equity have an influence of 95.75% on stock prices. and the remaining 4.25% is influenced by other factors that cannot be explained in this study.