Analisis Pengaruh Debt To Equity Ratio (der), Return On Equity (roe), Dan Earning Per Share (eps) Terhadap Harga Saham (studi Kasus Pada Indeks Saham Subsektor Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Periode 2012 - 2016)

Rheza Chandra Putra, Vaya Juliana Dillak

Abstract

ABSTRAK Penelitian ini untuk mengetahui apakah terdapat pengaruh antara variabel independen (X) yaitu Debt to Equity Ratio (DER) (X1), Return On Equity (ROE) (X2), dan Earning Per Share (EPS) (X3) terhadap variabel dependen (Y) yaitu Harga Saham (Y). Populasi dalam penelitian ini adalah perusahaan yang terdaftad di Bursa Efek Indonesia (BEI) periode 2012 – 2016. Sampel penelitian yang digunakan adalah perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia periode 2012 – 2016. Sampel yang digunakan sebanyak 16 perusahaan pertambangan dalam waktu 5 tahun sehingga terdapat 80 total sampel penelitian. Data yang digunakan berasal dari laporan keuangan tahunan yang sudah diaudit yang dapat diakses melalui www.idx.co.id. Metode penelitian yang digunakan adalah Analisis Regresi Data Panel yang didukung dengan alat uji menggunakan EViews9. Hasil penelitian menunjukkan bahwa secara simultan antara variabel independen (X) yaitu Debt to Equity Ratio (DER) (X1), Return On Equity (ROE) (X2), dan Earning Per Share (EPS) secara simultan atau bersama-sama berpengaruh terhadap Harga Saham (Y). Sedangkan secara parsial, Debt to Equity Ratio (DER) (X1) tidak berpengaruh terhadap Harga Saham (Y), kemudian Return On Equity (ROE) (X2) tidak berpengaruh terhadap Harga Saham (Y), dan Earning Per Share (EPS) berpengaruh terhadap Harga Saham. Kata kunci: Debt to Equity Ratio (DER), Return On Equity (ROE), Earning Per Share (EPS), dan Harga Saham ABSTRACT This research is aims to determine there is influence among independent variables, that is Debt to Equity Ratio (DER) (X1), Return On Equity (ROE) (X2), and Earning Per Share (EPS) (X3) Stock Price (Y). Population from this research is mining company which listed in Indonesian Stock Exchange (IDX) in the period 2012 – 2016. Sample from this research is 16 mining company which listed in Indonesian Stock Exchange in 5 period, so there are 80 sample data in this research. Data resource is from audited Income statement whch can be access from www.idx.co.id. The method used is panel data regression analysis by using EViews 9. Results from this research shows that, all independent variables that is Debt to Equity Ratio (DER) (X1), Return On Equity (ROE) (X2), and Earning Per Share (EPS) (X3) simultaneously or collectively has a affect to dependent variable that is Stock Price (Y). While partially it shows that Debt to Equity Ratio (DER) (X1) and Return On Equity (ROE) (X2) does not affect to Stock Price while Earning Per Share (EPS) (X3) has affect to Stock Price. From this results can be concluded, if the company want improvement on their stock price so that company must improve their sales and income, and investors will be happy because their have a much return from their investment and automatically stock price will be rise. Keywords: Debt to Equity Ratio (DER), Return On Equity (ROE), Earning Per Share (EPS), and Stock Price

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