PENGARUH EP, TDTA, DAN WCTN TERHADAP HARGA SAHAM PER USAHAAN ROKOK DI BEI

Abstract

This research is meant to find out the influence of earning power of investment (Ep), total debt to assets ratio
(TDTA), and working capital turnover ratio (WTCN) to the stock price of cigarette companies which are listed
in the IDX (Indonesia Stock Exchange). The analysis method has been conducted by using descriptive analysis
method, the statistical analysis has been carried out by using multiple linear regressions analysis and partial
significance test.This research has been conducted at go public cigarette companies which are listed in the IDX
(Indonesia Stock Exchange) by using quarterly secondary data in 2013-2015 periods. The cigarette company is
one of industries which has been developed well in Indonesia. The fluctuative movement of stock price of
cigarettes companies is influenced by several factors such as Ep, TDTA, and WCTN. The result of this research
shows that EP give significant influence to the stock price with positive direction. TDTA give significant
influence to the stock price with negative direction; WCTN does not give any significant influence to the stock
price with negative direction. The value of coefficient determination (R
) is 30.1 %.

Keywords : earning power of total investment (ep), earning per share (eps), total debt to assets ratio (tdta),
working capital turnover ratio (wctn),stock price