916-1804-1-SM - ANALYZE EFFECT OF DEBT TO EQUITY RATIO NET PROFIT MARGIN AND EARNING PER SHARE TO THE COMPANY'S STOCK PRICES LQ45 LISTED ON THE

916-1804-1-SM - ANALYZE EFFECT OF DEBT TO EQUITY RATIO...

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ANALYZE EFFECT OF DEBT TO EQUITY RATIO, NET PROFIT MARGIN, AND EARNING PER SHARE TO THE COMPANY'S STOCK PRICES LQ45 LISTED ON THE INDONESIA STOCK EXCHANGE YEAR 2012-2015 Ansal Lacinka 1) , Aziz Fathoni, SE., M.M. 2) , Edward Gagah S.E.,M.M. 3) 1) Mahasiswa Jurusan Manajemen Fakultas Ekonomika dan Bisnis Universitas Pandanaran 2)3) Dosen Fakultas Ekonomika dan Bisnis Universitas Pandanaran Semarang ABSTRACT This study aims to analyze how much influence the Debt to Equity Ratio, Net Profit Margin and Earning Per Share partially to the company's stock prices LQ45 listed on the Indonesia Stock Exchange Year 2012-2015. The study population was LQ45 companies listed in Indonesia Stock Exchange in 2012-2015. The study sample using purposive sampling method. The samples in this study were 5 bank companies in index LQ45 listed Indonesia Stock Exchange. The type of data used are secondary data derived from Indonesian Stock Exchange (IDX) . Engineering analysis using multiple linear regression analysis. Using partially by t test concluded that in partial DER, and NPM do not significantly affect the stock price, while the EPS significant effect on stock prices. The coefficient of determination shown from the adjusted R- square value of 0,899. This means that the dependent variable is 89,9% stock price can be explained by the four independent variables are DER, NPM and EPS, while the remaining 10,1% is explained by variables or other causes outside the model. EPS dominant influence on stock prices in the LQ45 companies listed on the Indonesia Stock Exchange in the period 2012-2015. Keywords : Stock Price , Debt to Equity Ratio , Net Profit Margin and Earning Per Share ABSTRAK Penelitian ini bertujuan untuk menganalisis seberapa besar Debt to Equity Ratio, Net Profit Margin dan Earning Per Share secara parsial terhadap harga saham pada perusahaan LQ45 di BEI Tahun 2012-2015. Populasi penelitian ini adalah perusahaan LQ45 di BEI tahun 2012-2015. Sampel penelitian ini menggunakan metode purposive sampling. Sampel dalam penelitian ini sebanyak 5 perusahaan perbankan di dalam indeks LQ45 yang terdaftar di BEI. Jenis data yang digunakan adalah data sekunder yang berasal dari Indonesian Stock Exchange (IDX). Teknik analisis menggunakan analisis regresi linier berganda. Hasil secara parsial dengan uji t disimpulkan bahwa secara parsial variabel DER, dan NPM tidak berpengaruh secara signifikan terhadap harga saham, sedangkan variabel EPS berpengaruh signifikan terhadap harga saham. Koefisien determinasi yang ditunjukan dari nilai adjusted R-square sebesar 0,899. Hal ini berarti bahwa 89,9% variabel dependen yaitu harga saham dapat dijelaskan oleh tiga variabel independen yaitu DER, NPM dan EPS, sedangkan sisanya 10,1% dijelaskan oleh variabel atau sebab-sebab lainnya diluar model. EPS berpengaruh dominan terhadap harga saham pada perusahaan LQ45 di Bursa Efek Indonesia Periode 2012-2015.

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