Keywords
harga saham
kebijakan dividen
profitabilitas
earning per share
stock price
dividend policy
profitability
How to Cite
Abstract
One of the factors which influence the movement of stock prices is the company's fundamentals. This company's fundamental analysis can use information from financial reports. One of the financial statement analysis techniques is to use financial ratios. The purposes of this study are to determine the effect of earnings per share, profitability, and dividend policy on stock prices in LQ45 index companies for the 2018-2021 period. This study uses a quantitative approach to the type of associative research. The sampling technique in this study used a purposive sampling method and obtained a sample of 11 companies in each period. The data used is secondary data obtained from the Indonesia Stock Exchange website, namely www.idx.co.id, which is in the form of data on company financial reports listed on the LQ45 Index for the 2018-2021 period. The data analysis method in this study used panel data regression analysis in testing the data in the research to be carried out using the Eviews 10 software program. The results of this study indicate that 1) Partial earnings per share has a positive and significant effect on stock prices, 2) Partial profitability has a positive and significant effect on stock prices, 3) Partial dividend policy has no significant effect on stock prices, 4) Simultaneously, earnings per share, profitability, and dividend policy have a significant effect on stock prices in LQ45 Index companies for the 2018-2021 period.
References
Adriani, A., & Nurjihan, L. (2020). Earning Per Share, Sinyal Positif Bagi Investor Saham Syariah? Proceeding Of National Conference On Accounting & Finance, II, 47-59.
Damayanti, D. A. (2020). Analisis Pengaruh Earning Per Share (EPS) dan Dividend Payout Ratio (DPR) Terhadap Harga Saham Pada Perusahaan Sektor Industri Barang Konsumsi Yang Terdaftar Di Jakarta Islamic Index (JII) Periode 2012-2019. Semarang: UIN Walisongo.
Darmaji, T., & Fakhtuddin, H. M. (2012). Pasar Modal Indonesia: Edisi Ketiga. Jakarta: Salemba Empat.
Fathihani. (2021). Analisis Faktor–Faktor Yang Mempengaruhi Harga Saham (Studi Empiris Pada Perusahaan Yang Terdaftar Di LQ 45-BEI Tahun 2016-2018). Jurnal Bisnis, Ekonomi, Manajemen, dan Kewirausahaan, I(1), 56-65.
Fauza, M. S., & Mustanda, I. K. (2016). Pengaruh Profitabilitas, Earning Per Share (EPS) Dan Dividend Payout Ratio (DPR) Terhadap Harga Saham. Jurnal Manajemen Unud, V(12), 8015-8045.
Firmansyah, H., Aswanto, Kartini, E., & Syaiful, M. (2022). Pengantar Ilmu Perekonomian Investasi dan Keuangan. Bandung: CV. Media Sains Indonesia.
Hanafi, M. M. (2004). Manajemen Keuangan. Edisi 1. Yogyakarta: BPFE.
Hartono, J. (2012). Teori Portofolio dan Analisis Investasi, Edisi Kedelapan. Yogyakarta: BPFE.
Hery. (2015). Analisis Kinerja Manajemen. Jakarta: Grasindo.
Junaedi, A. A., Winata, R. H., & Mutmainnah. (2021). Pengaruh Return On Asset dan Return On Equity terhadap Harga Saham Pada PT. Unilever Indonesia Tbk Periode 2016-2020 (Sebelum dan Dimasa Pandemi Covid-19). Jurnal E-Bis, V(2).
Kasmir. (2019). Analisis Laporan Keuangan. Jakarta: Rajawali Pers.
Mayanti, Y. (2022). Pengaruh ROA, ROE, EPS terhadap harga saham peusahaan perbankan yang terdaftar di Bursa Efek Indonesia tahun 2017-2020. Jurnal Accounting Information System (AIMS), V(1), 26-39.
Priya, V. P., & Mohanasundari. (2016). Dividend Policy and Its Impact on Firm Value: A Review of Theories And Empirical Evidence. Journal of Management Sciences and Technology, III(3), 59-69.
Sanjaya, S., & Yuliastanty, S. (2018). Pengaruh Earning Per Share (EPS), Debt To Equity Ratio (DER) Dan Return On Equity (ROE) Terhadap Harga Saham. UNES Journal of Social and Economics Research, III(1), 1-13.
Sartono, A. (2014). Manajemen Keuangan Teori dan Aplikasi. Edisi Empat. Yogyakarta: BPFE.
Sudana. (2015). Manajemen Keuangan Perusahaan Teori dan Praktik Edisi 2. Jakarta: Penerbit Erlangga.
Tendelilin, E. (2010). Portofolio dan Investasi Teori dan Aplikasi. Yogyakarta: Penerbit kanisius.
Tirtono, T., Indarti, I., & Nurdhiana. (2022). Pengaruh Likuiditas, Profitabilitas, Pertumbuhan Penjualan dan Kebijakan Dividen terhadap Harga Saham Sebelum Pandemi (Studi Kasus Pada Perusahaan LQ45 Yang Terdaftar Di Bursa Efek Indonesia Tahun 2018-2020). Jurnal Ekonomi dan Bisnis STIE Anindyaguna, IV(1), 284-301.
Wijaya, I. G., & Suarjaya, A. A. (2017). Pengaruh EVA, ROE dan DPR terhadap Harga Saham Perusahaan Manufaktur di BEI. Jurnal Manajemen Unud, VI(9), 5175-5204.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.