The Effect Of Return On Assets, Return On Equity, Net Profit Margin, Earning Per Share, And Operating Profit Margin On Stock Prices Of Banking Companies In Indonesia Stock Exchange

Choiriyah Choiriyah; Fatimah Fatimah; Sri Agustina; Ulfa Ulfa

doi:10.47747/ijfr.v1i2.280

Authors

Choiriyah Choiriyah Universitas Muhammadiyah Palembang
Fatimah Fatimah
Sri Agustina
Ulfa Ulfa

DOI:

https://doi.org/10.47747/ijfr.v1i2.280

Keywords:

return on assets; ; Return On Equity; Net Profit Margin; Earning Per Share; Operating Profit Margin; Stock Price.

Abstract

This study aims to determine the effect of return on assets (ROA), return on equity (ROE), net profit margin (NPM), earning per share (EPS) and operating profit margin (OPM) on the stock prices of banking companies on the Indonesia Stock Exchange. This type of research is associative research. Secondary data in this study is in the form of banking financial statements. The total population used in this study were 32 banking companies, and the samples that met the research criteria were eight banking companies listed on BEI. The analytical model used in this study is multiple linear regression analysis. The analysis results show that ROA, ROE, NPM, EPS, and OPM together have a significant effect on the stock prices of banking companies on the Indonesia Stock Exchange (IDX). On the other hand, coefisiens of ROA, NPM and OPM have no significant effect on the Stock Price of banking companies on the Indonesia Stock Exchange (IDX). In contrast, ROE and EPS significantly affect the Stock Price of banking companies on the Indonesia Stock Exchange (IDX).

References

Alfianti A, D, &Andarini, S. (2017). Pengaruh profitabilitas terhadap harga saham pada perusahaan makanan dan minuman yang terdaftar di Bursa Efek Indonesia. Jurnal Bisnis Indonesia, 8(1).

Amriyani, D.P., & Choriyah. (2018). Pengaruh profitabilitas, inflasi, dan kurs terhadap harga saham Indeks Perfindo 25. Motivasi: jurnal Manajemen dan Bisnis, 3(1). 433-446.

Atidhira, A. T. (2017). The influence of return on asset, debt to equity ratio, earnings per share, and company size on share return in property and real estate companies. Journal of Applied Accounting and Finance,1(2), page 128-146.

Brigham, E.F., dan Houston, J.F. (2016). Dasar–DasarManajemenKeuangan. Edisi10. Salemba Empat.

Cahyani, N., &Winarto, H. (2017).Pengaruh return on equity, earning per share dan debt to equity terhadap harga saham pada PT. Medco Energi Internasional Tbk. Jurnal Manajemen Bisnis Krisna dwipayana, 5(2).

Darmadji & Fakhrudin. (2012). Pasar Modal di Indonesia (pendekatantanyajawab), Edisi Ketiga. Salemba Empat.

Darsono & Ashari. (2015). Pedoman Praktis Memahami : Laporan Keuangan. Edisi 1. Penerbit Andi.

Diaz, R., &Jufrizen. (2014). Pengaruh return on assets (roa) dan return onequity (roe) terhadap earning per share (eps) pada perusahaan asuransi yang terdaftar di Bursa Efek Indonesia. Jurnal Manajemen dan Bisnis, 14(2).128-133.

Egam, G. E. Y., Ilat, V., & Pangerapan. (2017). Pengaruh return on asset (ROA), return on equity (ROE), net profit margin (NPM), dan earning per share (EPS) terhadap harga saham perusahaan yang tergabung dalam Indeks LQ 45 di Bursa Efek Indonesia periodetahun2013-2015. Jurnal EMBA, 5(1). 105-114.

Fahmi&Hadi, Y.L (2012). Teori Portofolio dan Analisi Investasi. Alfabeta.

Fahmi, I. (2012). Pengantar Pasar Modal. Alfabeta.

Fauzi, F., Dencik, A. B., &Asiati, D. I. (2019). Metodologi Penelitian Untuk Manajemen Dan Akuntansi. Salemba Empat.

Febriani, Rio, (2016). Pengaruh ROA, ROE, EPS, dan CR terhadap return saham pada perusahaan yang terdaftar di Indeks LQ 45 di Bursa Efek Indonesia tahun 2011-2015. e-Proceeding of Management, 3(1).

Gitman, L. J. (2012). Principal of Managerial Finance, (Thirteenth Edition ed.). Addison Wesley.

Hanafi, M. M., Halim, Abdul. (2016). Analisis Laporan Keuangan, Edisi Lima. UPP STIE YKPN.

Harahap, Sofyan Syafri. (2015). Analisis Kritis Atas Laporan Keuangan, Cetakan Ketiga. PT. Raja Grafindo Persada.

Hutami, R. P. (2012). Pengaruh dividend per share, return on equity dan net profit margin terhadap harga saham perusahaaan industri manufaktur yang tercatat di Bursa Efek Indonesia periode 2006-2010. Jurnal Nominal, I(I). 104-123.

Kamruzzaman. Md (2019). Impact of the financial factors on return on assets (ROA): a study on ACME. International University Journal of Business and Entrepreneurship,12(1), 50-61.

Kasmir.(2012). Pengantar Manajemen Keuangan, Edisi Revisi. Penerbit Kencana.

Keown, A. J., Martin, J. D., William, W. J., & Scott Jr, D. F. (2012). Financial Management Principles and Applications, Ninth Edition. Prentice-Hall.

Munawir.(2012). Analisis Laporan Keuangan, Edisi Keempat, Cetakan Kelima. Liberty.

Rosalina, L. &Masditok, T. (2018). Pengaruh ROA, ROE, DER, dan EPS terhadap harga saham perusahaan Sub Sektor Transportasi di BEI Periode 2012-2016, Jurnal Akutansi, Audit dan Sistem Informasi Akutansi (JASa),2(4).

Simatupang, Mangasa. (2010). Pengetahuan Praktis Investasi Saham dan Reksadana. Penerbit Mitra Wacana Media.

Sitorus, T., & Elinarty, S. (2017). The influence of liquidity and profitability toward the growth at stock price mediated by the dividends paid out (Case in banks listed in Indonesia Stock Exchange). Journal of Economics, Business, and accountancy Ventura.19(3). 377–392.

Sutrisno.(2012). Manajemen Keuangan Teori, Konsep dan Aplikasi, Edisi 8. Ekonisia.

Tandelilin, Eduardus. 2010. Portofolio dan Investasi. Edisi Pertama. Kanisius.

Wardjono. (2010). Analisis faktor-faktor yang mempengaruhi price to book value dan implikasinya pada return saham, Dinamika Keuangan dan Perbankan , 2.(1). 83-96.