PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PERUSAHAAN YANG TERDAFTAR DALAM INDEKS LQ45
Abstract
One of the sources of funds which have been obtained by the company is originated from sale of shares. Share
price experiences fluctuation from time to time and this condition is influenced by many factors. This research is
conducted to examine the influence of Earning per Share (EPS), Price Earning Ratio (PER), Debt to Equity Ratio
(DER), Return on Equity (ROE) to the share price on the companies which are listed in LQ 45 index in Indonesia
Stock Exchange (IDX). The research data has been obtained from the secondary data in the form of the financial
statement of company from 2010 to 2013. The method of research is done by employing quantitative method. The
analysis technique has been carried out by using multiple linear regressions whereas the hypothesis test is done by
using ttest and F test with its significant rate 5%. The classic assumption test consists of normality test,
multicolinearity, heteroscedaticity, and autocorrelation. Based on the result of the research, it has been found that
Earning per Share (EPS) and Price Earning Ratio (PER) has positive and significant influence to the share price.
Meanwhile, Debt to Equity Ratio (DER) dan Return on Equity (ROE) has negative and insignificant influence to
the share price. Investors, who want to conduct share investment, should notice the rate of Earning per Share
because it gives dominant and significant influence to the share price.
Keywords: Earning per Share, Price Earnings Ratio, Debt to Equity Ratio, Return on Equity, Share price