Pengaruh Profitabilitas, Leverage dan Market Value terhadap Harga Saham pada Perusahaan Industri Barang Konsumsi yang Terdaftar Di Bursa Efek Indonesia Tahun 2019-2021
DOI:
https://doi.org/10.31539/costing.v6i2.5472Abstract
Companies that are members of the Consumer Goods Industry have very high competition, so they must continue to improve their company performance to survive in the face of competition. These conditions can affect the movement of stock prices. The way to measure company performance is by looking at the financial statements and considering the ratios in them. So this research was conducted to find out whether there is an influence between the profitability ratios (ROA, ROE), leverage (DAR) and market value (EPS) partially or simultaneously on share prices in consumer goods industry companies listed on the IDX in 2019-2021. This study uses secondary data and quantitative methods purposive sampling as a data collection method. The total sample used after the outliers were 144 companies. Multiple linear regression analysis using the SPSS program was used as a technique to analyze the data. The conclusion of this study is Profitability (ROA, ROE), Leverage (DAR) and Market Value (EPS) simultaneously have a significant effect on stock prices. Profitability (ROA) partially has no effect on stock prices. Profitability (ROE) partially has a significant effect on stock prices. Leverage (DAR) partially has no effect on stock prices, and Market Value (EPS) has a significant effect on stock prices.
Keywords: Profitability, Leverage, Market Value, Stock Price.
References
Brigham;Houston. (2018). Dasar-Dasar Manajemen Keuangan (14th ed.). Salemba Empat.
Brigham;Houston. (2019). Dasar-Dasar Manajemen Keuangan (14th ed.). Salemba Empat.
Bulqis, N. H. (2019). PENGARUH DEBT TO EQUITY RATIO, EARNING PER SHARE DAN RETURN ON EQUITY TERHADAP HARGA SAHAM PERUSAHAAN MANUFAKTUR YANG TER_DAFTAR DI BURSA EFEK INDONESIA PERIODE 2011-2016. Jurnal Akuntansi, 6(1), 5–10. https://doi.org/10.1088/1751-8113/44/8/085201
Desy Istiyowati, & Ika Swasti Putri. (2022). Pengaruh Total Aset Turnover (TATO), Earning Per Share (EPS), Debt To Assets Ratio (DAR) Terhadap Harga Saham Pada Industri Farmasi. AKUA: Jurnal Akuntansi Dan Keuangan, 1(2), 210–215. https://doi.org/10.54259/akua.v1i2.774
Diella, N., & Pakpahan, E. (2022). Analisis Pengaruh ROE dan DAR Terhadap Harga Saham ( Studi Kasus pada PT PP Properti Tbk Periode 2016-2020 ) Analysis of the effect of ROE and DAR on stock prices ( Case study on PT PP Properti Tbk. Indonesian Journal of Economics and Management, 2(3), 614–620.
Fadila, A. N., & Nuswandari, C. (2022). Apa Saja Faktor – Faktor Yang Mempengaruhi Harga Saham ? 15(2), 283–293.
Gujarati, D. N. dan D. C. P. (2008). Basic Econometrics. In Introductory Econometrics: A Practical Approach (5th ed.). McGraw-Hill Education.
Herawati, A., & Putra, A. S. (2018). The influence of fundamental analysis on stock prices: The case of food and beverage industries. European Research Studies Journal, 21(3), 316–326. https://doi.org/10.35808/ersj/1063
Hidayat, F., & Andarwati. (2016). THE EFFECT OF RETURN ON EQUITY (ROE), EARNING PERSHARE (EPS), NET PROFIT MARGIN (NPM), INFLATION AND INTEREST RATE ON STOCK PRICE (A Study on Food and Beverage Companies Listed in Indonesian Stock Exchange (IDX) Year 2010 – 2014). Idx, 139.
Imam Ghozali. (2018). Aplikasi Analisis Multivariate dengan IBM SPSS 25. Badan Penerbit Universitas Diponegoro.
Jogiyanto, H. (2017). Teori Portofolio dan Analisis Investasi (10th ed.). BPFE.
Kasmir. (2019). Analisis Laporan Keuangan (Pertama. C). PT Raja Grafindo Persada.
Khasanah, U., & Suwarti, T. (2022). Analisis Pengaruh DER, ROA, LDR Dan TATO Terhadap Harga Saham Pada Perusahaan Perbankan. Jurnal Ilmiah Akuntansi Dan Keuangan, 4(6). http://journal.ikopin.ac.id/index.php/fairvalue/article/view/1032
Lusiana, H. (2020). The Effect of Return on Equity (ROE) and Earning per Share (EPS) on Stock Prices In Indonesia Stock Exchange 2015-2018. Ilomata International Journal of Tax and Accounting, 1(3), 132–138. https://doi.org/10.52728/ijtc.v1i3.92
Novika, W., & Siswanti, T. (2022). Pengaruh Perputaran Kas, Perputaran Piutang Dan Perputaran Persediaan Terhadap Profitabilitas (Studi Empiris Perusahaan Manufaktur – Subsektor Makanan Dan Minuman Yang Terdaftar Di Bei Periode Tahun 2017-2019). Jurnal Ilmiah Mahasiswa Akuntansi, 2(1), 43–56.
Pane, J. K. B., Meliyani, M., Br Pandia, D. T., Sihombing, S. W., & Herosian, M. Y. (2021). Pengaruh Dar, Roa, Cr Terhadap Harga Saham Di Perusahaan Sektor Industri Barang Konsumsi Yang Terdaftar Di Bei Periode 2015-2019. Ecobisma (Jurnal Ekonomi, Bisnis Dan Manajemen), 8(2). https://doi.org/10.36987/ecobi.v8i2.2161
Paradita, P. L., Dimyati, M., & Ifa, K. (2019). Pengaruh Roa , Der , Opm , Eps Dan Current Ratio Terhadap Harga Saham Perusahaan Industri Barang Konsumsi Yang Terdaftar Di Bursa Efek Indonesia Periode Tahun 2015 – 2017. Progress Conference, 2(July 2019), 215–221.
Suganda. (2018). Event Sudy: Teori dan Pembahasan Reaksi Pasar Modal Indonesia. Seribu Bintang.
Susilo, B., Digdowiseiso, K., & Alexandra, C. (2022). Pengaruh Return on Asset (Roa), Debt To Equity Ratio (Der), Dan Debt To Asset Ratio (Dar) Terhadap Harga Saham Pada Perusahaan Sektor Healthcare Yang Terdaftar Di Bursa Efek Indonesia Periode 2016-2020. Syntax Literate: Jurnal Ilmiah Indonesia, 7(3), 2857–2874.
Tahulending, M., Rate, P. Van, & Maramis, J. B. (2022). Analisis Pengaruh Struktur Modal , Profitabilitas Dan Company Size Terhadap Harga Saham Pada Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia Periode 2015-2019. Jurnal LPMM Bidang EkoSosBudKum (Ekonomi, Sosial, Budaya, Dan Hukum), 5(2), 1241–1252.
Tamuntuan, U. (2015). Analysing the Effect of ROE ROA and EPS Toword Share Price: An Empirical Study of Food and Beverage Companies Listed on Indonesia Stock Exchange. Jurnal Berkala Ilmiah Efisiensi, 15(05), 446–457.
Widyaningrum, D., & Lisiantara, G. A. (2022). PROFITABILITAS, KEBIJAKAN DIVIDEN, STRUKTUR MODAL DAN LIKUIDITAS TERHADAP HARGA SAHAM. Journal of Management and Bussines (JOMB), 4. https://doi.org/10.31539/jomb.v4i2.4508
William Hartanto. (2018). Mahasiswa Investor. PT Elex Media Komputindo.
