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
Abstract
abstract
The purpose of this study was to determine whether there is influence: 1) earning per share of the debt to equity ratio; 2) price earnings ratio of the debt to equity ratio; 3) earnings per share to the stock price; 4) price earnings ratio of the stock price; 5) debt to equity ratio to stock prices; 6) earnings per share to share prices through debt to equity ratio; 7) price earnings ratio of the stock price through a debt to equity ratio. The study design used is quantitative descriptive. Secondary data types, method of data collection through the documentation. The population used in this study is the enterprise data food and beverage sector in the Indonesia Stock Exchange (BEI) as many as 17 companies. The sampling technique purposive sampling method. Analysis of data to test the hypothesis in this study using path analysis (Path analys). Based on the analysis can be concluded that: 1) there is significant negative influences of the Earning Per Share (EPS) of the Debt to Equity Ratio (DER); 2) there is no significant positive effect of price earning ratio (PER) of the Debt to Equity Ratio (DER); 3) there is a significant negative influence Earning Per Share (EPS) to share price; 4) there is a significant positive effect Price Earning Ratio (PER) on stock prices; 5) there is a significant positive effect Debt to Equity Ratio (DER) on stock prices; 6) there is indirect influence Earning Per Share (EPS) to share price through the Debt to Equity Ratio (DER) and 7) There is an indirect effect Price Earning Ratio (PER) on stock prices through the Debt to Equity Ratio (DER).
Downloads
References
Adi, Angantyo, Dkk. 2012. Pengaruh Return On Equity, Debt To Equity Ratio, Earning Per Share Dan Book Value Per Share Terhadap Harga Saham (Studi Pada Perusahaan Consumer Goods Industry Yang Terdaftar Di Bei Periode Tahun 2008-2011). Malang: Universitas Brawijaya
Arikunto, S. 2010. Prosedur penelitian: Suatu Pendeka0tan Praktik. Jakarta: Rineka Cip
Baridwan, Zaki. 2012. Intermediate accounting. BPFE: Yogyakarta
Brigham, Eugene F. dan Joel F. Houston. 2012. Dasar-dasar Manajemen Keuangan. Jakarta: Salemba Empat Budiman, Aditya. 2015. Ekonomi Memburuk, Laba Perusahaan Makanan Ini Turun 37,2 Persen. Diunggah pada tanggal Sabtu, 09 Mei 2015 04:40WIB. https://m.tempo.co/read/news/2015/0 5/09/090664782/ekonomi-memburuk-laba-perusahaan-makanan-ini-turun-37-2-persen
Dahlan, Siamat. 2011. Manajemen Lembaga Keuangan, Kebijakan Moneter dan Perbankan. Jakarta: Universitas Indonesia
Darmadji & Fakhruddin. 2012. Pasar Modal di Indonesia. Jakarta: Salemba Empat
Dewi, Gusti Ayu Ketut Chandni Dan Sudiartha, Gede Merta. 2013. Pengaruh Price Earning Ratio, Dividend Payout Ratio, Ireturn On Assets, Tingkat Suku Bunga Sbi, Serta Kurs Dollar As Terhadap Harga Saham. Bali: Universitas Udayana
Djauharotun.2005. Pengaruh Earning Per Share (Eps) Dan Pertumbuhan Penjualan Terhadap Harga Saham Pada Perusahaan Tekstil Dan Garmen Di BEJ. Semarang: Universitas Diponegoro
Fahmi, Irham. 2012. Analisis Laporan Keuangan. Bandung: Alfabeta
Ghozali, Imam. 2013. Aplikasi Analisis Multivariat dengan Program IBM SPSS 21. Semarang: Penerbit Universitas Diponegoro
Hamka, Arman M.S. 2012. Pengaruh Variabel Earning per Share (EPS), Price Earning Ratio (PER), dan Return on Equity (ROE) Terhadap Harga Saham. (Studi Pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia). Malang: Universitas Brawijaya
Hery. 2011. Teori Akuntansi, Pelaporan Keuangan dan Standar Akuntansi & Kerangka Kerja Konseptual. Jakarta: FASB
Husnan, Suad. 2012. Teori Portofolio dan Analisis Sekurita. Yogyakarta: UPP STIM YKPN
Ircham, Muhammad, Dkk. 2014. Pengaruh Struktur Modal Dan Profitabilitas Terhadap Harga Saham (Studi Pada Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia Tahun 2009-2012). Malang: Universitas Brawijaya Jurnal Administrasi Bisnis (JAB) Vol. 11 No. 1 Juni 2014
Jogiyanto, Hartono. 2013. Teori Portofolio dan Analisis Investasi. Yogyakarta: BPFE Yogyakarta
Kamaludin dan Indriani, Rini. 2012. Manajemen Keuangan Konsep Dasar dan Penerapannya. Bandung: Penerbit CV. Mandar.
Kasmir. 2012. Analisis Laporan Keuangan. Jakarta: PT. Raja Grafindo Persada
Kertonegoro, Sentanoe. 2009. Analisis dan Manajemen Investsi. Jakarta: Widya Press
Kismono, Gugup. 2011. Pengantar Bisnis. Yogyakarta: Penerbit BPFE
Menike and Prabath. 2014. The Impact of Accounting Variables on Stock Price: Evidence from the Colombo Stock Exchange. Sri Lanka: Dongbei University of Finance and Economics International Journal of Business and Management; Vol. 9, No. 5; 2014
Munawir, S. 2012. Analisis Informasi Keuangan. Yogyakarta: Liberty.
Pertiwi, Ni Wayan Aditya Putri dan Artini, Luh Gede Sri. 2012. Pengaruh Risiko Bisnis, Profitabilitas, Dan Keputusan Investasi Terhadap Struktur Modal. Bali: Unviersitas Udayana
Riyanto, Bambang. 2010. Dasar-Dasar Pembelanjaan Perusahaan. Yogyakarta: Penerbit BPFE
Rusdin. 2010. Pasar Modal. Bandung: Alfabeta
Sarasati, Gusti. 2013. Analisis Pengaruh Profitabilitas, Price Earning Ratio, Struktur Aktiva, Operating Leverage, Dan Pertumbuhan Pernjualan Terhadap Struktur Modal (Studi Kasus Pada Perusahaan Real Estate Dan Property Yang Terdaftar Di Bei Periode 2008-2011). Semarang: Universitas Diponegoro
Sawir, Agnes. 2012. Analisis Kinerja Keuangan dan Perencanaan Keuangan Perusahaan. Jakarta: PT. Gramedia Pustaka Utama.
Sugiyono. 2010. Metode Penelitian Kuantitatif Kualitatif dan R&D. Bandung: Alfabeta
Sunariyah. 2011. Pengantar pengetahuan pasar modal. Yogyakarta: Sekolah Tinggi Ilmu Manajemen YKPN.
Tandelilin, Eduardus. 2010. Analisis Investasi dan Manajemen Portofolio. Yogyakarta: BPFE.
Widoatmodjo, Sawidji. 2012. Cara Cepat Memulai Investasi Saham Panduan Bagi Pemula. Jakarta: PT Elex Media Komputindo
The Authors submitting a manuscript do so on the understanding that if accepted for publication, copyright publishing of the article shall be assigned to Management, accounting, and economic research
