Pengaruh Earning Per Share, Return On Asset, Dan Dividend Payout Ratio Terhadap Return Saham Pada Perusahaan Sektor Pertambangan Tahun 2015-2017

Abstract

ABSTRAK Surat saham adalah dokumen sebagai bukti kepemilikan suatu perusahaan. Jika perusahaan memperoleh keuntungan, maka setiap pemegang saham berhak atas bagian laba yang dibagikan atau dividen sesuai dengan proporsi kepemilikannya. Saham dapat pula diperjual belikan. Harga jual dapat berbeda dari harga belinya, sehingga ada potensi keuntungan dan kerugian dalam transaksi jual-beli saham tersebut. Return saham terdiri dari capital gain dan dividend yield. Capital gain adalah selisih antara harga jual dan harga beli, dan dividend yield adalah dividen per lembar dibagi dengan harga beli saham per lembar. Penelitian ini bertujuan untuk mengetahui pengaruh Earning Per Share, Return On Asset, dan Dividend Payout Ratio terhadap Return Saham pada perusahaan sektor pertambangan yang terdaftar di Bursa Efek Indonesia periode 2015-2017. Metode pengumpulan data pada penelitian ini menggunakan sumber data sekunder berupa dokumen laporan keuangan tahunan sektor pertambangan yang terdaftar di Bursa Efek Indonesia periode 2015-2017. Penelitian ini menggunakan purposive sampling dengan jumlah sampel yang digunakan sebanyak 14 perusahaan. Metode analisis dalam penelitian ini menggunakan metode regresi data panel dengan software Eviews 10. Berdasarkan hasil pengujian Earning Per Share, Return On Asset, dan Dividend Payout Ratio secara simultan berpengaruh signifikan terhadap Return Saham. Secara parsial dapat disimpulkan bahwa Earning Per Share dan Dividend Payout Ratio tidak berpengaruh terhadap Return Saham. Sedangkan Return On Asset berpengaruh negatif terhadap Return Saham. Berdasarkan hasil tersebut, perusahaan dan investor perlu memperhatikan Return On Asset. Sehingga perusahaan dapat meyakinkan para pemegang saham dan investor dapat meminimalisir risiko dalam berinvestasi. Kata Kunci: Earning Per Share, Return On Asset, Dividend Payout Ratio, Return Saham ABSTRACT Stock certificates are documents as a company properties. If the company earns a profit, each shareholder has the right to share the profits that are distributed or dividends in proportion to his ownership. Shares can also be traded. The selling price can be different from the purchase price, so there is a potential profit and loss in each transaction of the stock . Stock returns consist of capital gains and dividend yields. Capital gain is the difference between the selling price and the purchase price, and the dividend yield is a dividend per share divided by the purchase price of a share. This research is to achieve Earnings per Share, Return On Assets, and Dividend Payment Ratios on Stock Returns on mining sector companies listed on the Indonesia Stock Exchange for the period 2015-2017. The method of data collection in this study uses secondary data sources consisting of the annual financial statements of the mining sector listed on the Indonesia Stock Exchange for the period 2015-2017. This study uses purposive sampling with the number of samples used by 14 companies. The analysis method in this study uses panel data regression method with Eviews 10. Based on the results of testing Earning Per Share, Return On Assets, and Dividend Payout Ratio simultaneously related significantly to Stock Return. Partially it can be concluded that the Income Ratio Per Share and Dividend does not affect the Return of Shares. While Return On Asset has a negative impact on Stock Return. Based on these results, companies and investors need to pay attention to Return On Assets. So the companies can help shareholders and investors to minimize risks in investing. Key words: Earning Per Share, Return On Asset, Dividend Payout Ratio, Stock Return