PENGARUH PROFITABILITAS DAN MARKET VALUE ADDED TERHADAP HARGA SAHAM PADA PERUSAHAAN MANUFAKTUR

Abstract

Stock is one of capital market instruments that are most frequently bought traded in the Indonesian capital market. Investors bought stocks to earn dividends and capital gains. This research is aimed to determine the influence of Profitability and Market Value Added (MVA) to the share price of manufacturing companies which are listed in Indonesian Stock Exchange (BEI) in 2012-2015 periods. The variables which are examined i.e.: return on equity (ROE), earnings per share (EPS), net profit margin (NPM) and market value added (MVA). The population is manufacturing companies which are listed in Indonesia Stock Exchange (BEI) in 2012-2015 periods. The research samples are 10 manufacturing companies which have been selected by using purposive sampling. The data has been analyzed by using multiple regression analysis techniques and SPSS 23rd.The result of the research shows that partially the variables i.e. ROE, EPS and MVA have significant and positive influence to the share price whereas the NPM does not have any influence to the share price. Based on the result of partial coefficient determination Test it has been found that EPS is the dominant variable to the share price since its r2 value is the largest among the independent variables.
Keywords: profitability, market value added, and share price.