Pengaruh debt to equity ratio (der) dan return on equity (roe) terhadap harga saham perusahaan manufaktur sektor aneka industri di Indonesia

Muhammad Rezi Sudimas; Riyanto Wujarso

doi:10.52362/jisamar.v5i3.462

Muhammad Rezi Sudimas Sekolah Tinggi Ilmu Ekonomi Jayakarta
Riyanto Wujarso Sekolah Tinggi Ilmu Ekonomi Jayakarta

DOI: https://doi.org/10.52362/jisamar.v5i3.462

Abstract

This study aims to examine the effect of Debt to Equity Ratio (DER) and Return on Equity (ROE) on stock prices. The independent variables used in this study are DER and ROE. Meanwhile, the dependent variable in this study is stock prices. The population in this study is in the form of annual financial report data from 52 companies in miscellaneous industry sectors for the period 2016-2019. Determination of the research sample using purposive sampling and obtained a sample of 15 companies. The results showed that the DER t test did not have a significant effect on stock prices, this is evidenced by the DER significance value of 0.147, 0.147 > 0.05. While ROE has a significant effect on stock prices, this is evidenced by the ROE significance value of 0.000, 0.000 < 0.05. In the results of the F test, DER and ROE have a simultaneous and significant effect on prices, this is evidenced by the calculated F value of 213.560, the value of 5.749 > 3.16. The significance value of 0.000, the value of 0.000 > 0.05, means that there is an influence between DER and ROE simultaneously on stock prices. It means that there is an influence between DER and ROE simultaneously on the stock price of 88%, while the remaining 12% is the influence of other factors not examined. This is evidenced by the r square value (r2) of 0.882

Downloads

Download data is not yet available.

Author Biographies

Muhammad Rezi Sudimas, Sekolah Tinggi Ilmu Ekonomi Jayakarta

Program Studi Akuntansi

Riyanto Wujarso, Sekolah Tinggi Ilmu Ekonomi Jayakarta

Departemen Manajemen

References

[1] [8] Kasmir. 2019. “Analisis Laporan Keuangan”. Depok. PT Rajagrafindo Persada.
[2] Munawar, Elisa Lailatul. 2019 “Pengaruh Earning Per Share (EPS) Dan Debt to Equity Ratio (DER) Terhadap Harga Saham Perusahaan Yang Terdaftar Di Jakarta Islamic Index (JII)”. Lampung. Universitas Islam Negeri Raden Intan Lampung.
[3] [23] Saputra, Puput Rarindra Adi. 2020. “Pengaruh EPS, PER, CR, Dan ROE Terhadap Harga Saham Di Bursa Efek Indonesia”. Samarinda. Universitas Mulawarman. eJournal Administrasi Bisnis, Volume 8, Nomor 3, 2020, Hlm. 208-215.
[4] [24] Gunawan, Aditya. 2019. “Pengaruh Earning Per Share (EPS), Debt to Equity Ratio (DER) dan Return on Equity (ROE) Terhadap Harga Saham Pada Perusahaan Manufaktur Sektor Otomotif Yang Terdaftar di Bursa Efek Indonesia Periode Tahun 2013-2017”. Jakarta. STIE Indonesia Banking School. Ma-IBS 2019.
[5] [9] [14] [25] Triantoro, Bagas Subekti. 2020. “Pengaruh Variabel Fundamental Net Profit Margin (NPM), Return on Asset (ROA), Return on Equity (ROE) dan Debt to Equity Ratio (DER) Terhadap Harga Saham (Studi Kasus Pada Perusahaan Industri Rokok Yang Tercatat Di Bursa Efek Indonesia Tahun 2014-2018)”. Jakarta. Universitas Pertamina.
[6] [10] Yuliana dan Hastuti, Rini Tri. 2020. “Pengaruh DER, ROE, ROA, NPM, Dan EPS Terhadap Harga Saham Perusahaan Manufaktur”. Jakarta. Universitas Tarumanagara Jakarta. Jurnal Multiparadigma Akuntansi Tarumanagara / Vol.2 Edisi Oktober 2020:1568-1577.
[7] Adikerta, I Made Angga. 2020. “Pengaruh Inflasi, Return on Assets, Dan Debt to Equity Ratio Terhadap Harga Saham”. Bali. Universitas Udayana (Unud). E-Jurnal Manajemen, Vol. 9, No. 3, 2020:968-987.
[11] Anggraini, Hari Dwi. 2020. “Pengaruh Return on Asset dan Return on Equity Terhadap Harga Saham Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI) Tahun 2011-2018”. Medan. Universitas Medan Area.
[12] [26] Dhamayanti, Tias Indah Eka dan Rahayu, Yuliastuti. 2020. “Pengaruh Current Ratio, Return on Assets, Dan Return on Equity Terhadap Harga Saham”. Surabaya. Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya.
[13] [27] Firmansyah, Arie. 2019. “Pengaruh Return on Equity Dan Earning Per Share Terhadap Harga Saham Pada Sektor Komponen Dan Otomotif Yang Terdaftar di Bursa Efek Indonesia”. Bandung. Politeknik Piksi Ganesha.
[15] Rahayu, Rizki., Siswantini, Tri., dan Triwahyuningtyas, Nunuk. 2020. “Faktor Faktor-Faktor yang Mempengaruhi Harga Saham Studi Kasus: Aneka Industri yang Terdaftar di BEI”. Jakarta. Universitas Nasional Veteran Jakarta. Riset Nasional Ekonomi. 189, pp. 3-15, ocs.upnvj.ac.id.
[16[ [17] [18] [19] [21] [22] Ghozali, Imam. 2018. Aplikasi Analisis Multivariate: Dengan Program IBM SPSS 25, Ed. Ke-9. Semarang. Badan Penerbit UNDIP.
[20] Silaen, Sofar. 2018. Metodologi Penelitian Sosial untuk Penulisan Skripsi dan Tesis. Ed. Revisi. Bogor. In MEDIA.