PENGARUH RETURN ON EQUITY, EARNING PER SHARE, DAN DIVIDEN PER SHARE TERHADAP HARGA SAHAM PT BANK TABUNGAN NEGARA TAHUN 2012-2021
DOI:
https://doi.org/10.30640/ekonomika45.v11i1.811Keywords:
Return On Equity, Earning Per Share, Dividend Per Share, Stock PriceAbstract
This study aims to analyze the effect of Return On Equity, Earning Per Share, and Dividend Per Share on the Share Price of PT Bank Tabungan Negara in 2012-2021. This type of research is descriptive quantitative with data analysis methods used are descriptive statistical analysis, classic assumption test, multiple linear regression analysis, coefficient of determination test (R2), and hypothesis testing (t test and f test) with the help of the Statistical Product and Service program Solution (SPSS) version 26, with a significance level of 0.05 (5%) and the data source used is secondary data. The results of this study indicate that Return On Equity has a negative effect on stock prices. This can be seen from the test results which show that the tcount is -3.167 > ttable 2.44691 with a significance level of 0.019 <0.05, thus HO1 is rejected and Ha1 is accepted. The Earning Per Share variable shows that tcount is 2.954 > ttable 2.44691 with a significance level of 0.025 <0.05, it can be concluded that Earning Per Share has an effect on stock prices thus Ho2 is rejected and Ha2 is accepted. The Dividend Per Share variable shows that tcount is 1.462 < ttable 2.44691 and with a significance level of 0.194 > 0.05, it can be concluded that Dividend Per Share has no effect on stock prices thus HO3 is accepted and Ha3 is rejected. The results of the F test show that Return On Equity, Earning Per Share, and Dividend Per Share simultaneously or together have an influence on stock prices. This can be seen from the value of Fcount 5.237 > Ftable 4.35 a significance value of 0.041 <0.05 it can be concluded that HO4 is rejected and Ha4 is accepted. The coefficient of determination R Square = 0.724 or 72.4%, meaning that the share price as the dependent variable is influenced by Return On Equity, Earning Per Share and Dividend Per Share as independent variables of 72.4% and the remaining 27 .6% is influenced by other variables not explained in this study.
References
BUKU :
Darmawan. (2020). Dasar-Dasar Memahami Rasio dan Laporan Keuangan. (D. M. Lestari (ed.)). UNY Press.
Fahmi, I. (2018). Pengantar Manajemen Keuangan. Bandung: Alfabeta.
Feriyanto, A., Endang Shyta Triana. 2015. Pengantar Manajemen (3 in 1). Kebumen: Mediatera.
Ghozali, P. H. I. (2018). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25 (Edisi 9). Badan Penerbit Universitas Diponegoro.
Kamaludin, Rini Indriani. 2019. Manajemen Keuangan. Bandung: Mandar Maju
Kasmir. 2015. Analisis Laporan Keuangan. Jakarta: PT Raja Grafindo Persada.
Musthafa. 2020. Manajemen Keuangan. Yogyakarta: Andi.
Sugiyono. 2017. Metode Penelitian Kuantitatif Kualitatif Dan R&D. Bandung: Alfabeta.
Syamsudin, Lukman. 2013. Manajemen Keuangan Perusahaan. Jakarta: Rajawali Pers
Tandelilin, E. (2017). Pasar Modal Manajemen Portofolio & Investasi.Yogyakarta: Kanisius.
JURNAL :
Al Umar, A. U. A. & Anava Salsa Nur Savitri (2018), Pengaruh Return On Asset Dan Earning Per Share Terhadap Harga Saham. Jurnal Analisa Akuntansi, 4(2).
Aletheari,I. A. M. & Ketut Jati (2016), Pengaruh Earning Per Share, Price Earning Ratio, dan Book Value Per Share Pada Harga Saham. E-Jurnal, 17(2).
Arifin, R., & Priyanto, A. A. (2022). Pengaruh Earning Per Share dan Price Earning Ratio Terhadap Harga Saham PT Gudang Garam, Tbk Periode 2010-2019. JURNAL MANAJEMEN DAN BISNIS SRIWIJAYA, 20(2), 69-84.
Elviani, S. & Muh Faisal (2020), PENGARUH DIVIDEND PER SHARE DAN EARNING PER SHARE TERHADAP HARGA SAHAM PADA INDUSTRI PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA. Jurnal Ilmu Manajemen, 6(3).
Handayani Asih ( 2021), Pengaruh Earning Per Share dan Return On Equity Terhadap Harga Saham Studi Kasus pada Bank BUMN yang Terdaftar di BEI Periode 2017-2019. Jurnal Sekuiritas, 4(2).
Kurnia Dewi, Dhea Prika Aprilia, & Nana Diana (2020), PENGARUH RETURN ON EQUITY, EARNING PER SHARE DAN DEBT TO EQUITY RATIO TERHADAP HARGA SAHAM SYARIAH. Jurnal Akuntansi Integratif, 6(1).
Kusjono Gatot, dan Fitri Aryanti. 2021. Pengaruh Return On Asset Dan Earning Per Share Terhadap Harga Saham Pada PT Bank Central Asia Tbk Periode 2010-2019. Jurnal Disrupsi Bisnis, 4(6), 541-550.
Nufzatutsainah & Tiara Munadia (2021), Pengaruh Return On Asset Dan Earning Per Share Terhadap Harga Saham PT UNILIVER INDONEISA Tbk Periode 2009-2018. Jurnal Sekuiritas, 4(2).
Oktavian, R. (2019), PENGARUH EARNING PER SHARE (EPS) DAN DIVIDEN PER SHARE (DPS) TERHADAP HARGA SAHAM PT WIJAYA KARYA (PERSERO) TBK. Jurnal Sekuiritas,2(2)
Rahmadewi, Pande Widya, dan Nyoman Abudanti. 2018. PENGARUH EPS, PER, CR, DAN ROE TERHADAP HARGA SAHAM DI BURSA EFEK INDONESIA. E-Jurnal.7(4).2018
Satria Rita.2020. PENGARUH RETURN ON EQUITY DAN EARNING PER SHARE TERHADAP HARGA SAHAM PADA PT BANK NEGARA INDONESIA (PERSERO) Tbk PERIODE 2009-2017.J Feasible, 2(2), 204-216.
Siregar, Q. R. & Salman Farisi (2018), Pengaruh Return On Asset Dan Earning Per Share Terhadap Harga Saham. Jurnal Ilmiah, 1(1).
WEBSITE :
