Pengaruh Price Earnings Ratio dan Dividend Per Share Terhadap Harga Saham

Rita Nengsih, Zainuddin Zainuddin, Dedi Darmawan

Abstract


The purpose of this study was to examine the effect of price earnings ratio and dividend per share on stock prices in automotive companies and components listed on the Indonesia Stock Exchange for the period 2012-2016. The research was conducted in five companies that met the predetermined criteria. The data used in this study is secondary data, which is obtained from audited financial statements for the financial year ending December 31, 2012 to 2016. The method of data analysis used is multiple linear regressions. The results of this study indicate that price earnings ratio and dividend per share both jointly and partially influence the stock price. Price earnings ratio has a positive effect on stock prices with an influence of 111.6%. Dividend per share has a negative effect on stock prices with an influence of -31.8%. R value of 0.217 indicates that the correlation or relationship between independent variable and dependent variable is 21.7%, meaning that the dependent variable has a weak relationship with the independent variable. R2 value is 0.047, meaning the influence of price earnings ratio and dividend per share on stock prices is 4.7% and the remaining 95.3% is influenced by other variables not included in this study.

Key Words: Price Earnings Ratio, Dividend Per Share, Stock Price, Indonesia Stock Exchange, Automotive Companies and

      Components


Full Text:

PDF

References


Darmadji dan Fakhruddin. 2011. Pasar Modal di Indonesia. Edisi 3. Salemba Empat: Jakarta.

Kodrat, David S. Indonanjaya, K. 2010. Manajemen Investasi Pendekatan Teknikal dan Fundamental untuk Analisis Saham. Penerbit Graha Ilmu: Yogyakarta.

Ardianto, Dimas Chandra., Cholifah, dan Abdul Fattah. 2015. Pengaruh Return on Assets (ROA), Return on Equity (ROE) dan Earning Per Share terhadap Harga Saham (Studi Kasus pada Perusahaan Perbankan di Bursa Efek Indonesia. Periode 2012-2014. Jurnal Manajemen Branchmarck ISSN: 2407-8239. UI : Jakarta.

Sulistyowati, Yayuk. 2013. Pengaruh Earning Per Share (EPS), Price Earnings Ratio (PER), Dan Dividend Payout Ratio (DPR) Terhadap Harga Saham (Studi Empiris Pada Perusahaan Food & Beverages Yang Terdaftar Di BEI). Volume 8, Nomor 3, Oktober 2012. Undip: Semarang.

Rachman, Rizky Andawasatya. 2014. Pengaruh Variabel Price Earnings Ratio, Dividend Per Share, Earning Per Share dan Return On Asset Terhadap Harga Saham (Studi Pada Perusahaan Otomotif Dan Otopart) Fakultas Ekonomi dan Bisnis Universitas Brawijaya: Malang.

Daniel. 2015. Pengaruh Faktor Internal terhadap Harga saham pada Perusahaan LQ 45 yang terdaftar di Bursa Efek Indonesia. Jurnal EMBA Vol. 3 No. 3 Sept. 2015, Hal. 863-876 ISSN 2303-11. Undip: Semarang.

Febriano, Aranda, Dedhe. 2014. Pengaruh Dividend Per Share (DPS), Earning Per Share (EPS) Terhadap Harga Saham Sektor Pertambangan Sub Sektor Batubara Di Bursa Efek Indonesia Periode 2009-2013. Jurnal Manajemen Branchmarck ISSN: 1727-8216. UGM: Yogyakarta.

Rika, Sariani. 2016. Pengaruh Return on Asset (ROA), Price Earnings Ratio (PER), dan Net Profit Margin (NPM) terhadap Harga Saham pada Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia. Management Analysis Journal MAJ 2 (2) (2013) ISSN 1312-2812. UI: Jakarta.

Safitri, Abied Luthfi. 2013. Pengaruh Earning per Share, Price Earnings Ratio, Return on Asset, Debt to Equity Ratio dan Market Value Added terhadap Harga Saham Dalam Kelompok Jakarta Islamic Index. Management Analysis Journal MAJ 2 (2) (2013) ISSN 2252-6552. UI: Jakarta.

Irfrianto, Indra. 2015. Pengaruh Price Earnings Ratio (PER), Net Profit Margin (NPM), dan Return On Equity (ROE) terhadap Harga Saham Perusahaan Sub Sektor Telekomunikasi pada Bursa Efek Indonesia.e-Journal Administrasi Bisnis, 2015, 3 (2): 416-429 ISSN 2355-5408. UI: Jakarta.

Weston, J. Fred & Thomas E. Copeland, 2008, Manajemen Keuangan Jilid III, Edisi 4. Terjemahan oleh Wasana, A. Joko & Ibrandoko, 2009, Binarupa Aksara: Jakarta.

Ang, Robert. 2012. Buku Pintar Pasar Modal Indonesia (The Intelligent Guide to Indonesian Capital Market). Mediasoft Indonesia: Jakarta.

Syamsudin, Lukman. 2011. Manajemen Keuangan Perusahaan: Konsep Aplikasi dalam Perencanaan, Pengawasan, dan Pengambilan Keputusan. Edisi Baru. Raja Grafindo Persada: Jakarta.


Refbacks

  • There are currently no refbacks.


Copyright (c) 2019 Seminar Nasional Sains dan Teknologi Informasi (SENSASI)