PENGARUH PROFITABILITAS, NILAI PASAR, DAN INFLASI TERHADAP HARGA SAHAM

Abstract

This research aimed to examine the effect of profitabilty and inflation on the shares price, either simultanousley or partially. While, the population was 43 banking companies which were listed on Indonesia Stock Exchange 2013-2017. The profitability was measured by Return on Assets (ROA), Return on Equity (ROE), Earning Per Share (EPS). Moreover, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were ten companies as sample. In addition, the data analysis technique used multiple linier regression. The research result concluded Return on Assets (ROA) had significant effect on the shares price. It happened as the higher the company asset, the more profits would the company have. On the other hand, Return on Equity (ROE) had insignificant effect on share price. In meant Return on Equity (ROE) could not be used in determining the fluctuative shares price. Meanwhile, Earning Per Share (EPS) had insignificant effect on the shares price as the fluctuative profits made increase of EPS. Similar to ROA, inflation had significant effect on the shares price as it affected the fluctuative shares price.

Keywords: Share price,roa,roe,eps,inflation