Analisis Pengaruh Kinerja Keuangan Terhadap Harga Saham Perusahaan Manufaktur Sub Sektor Otomotif Yang Terdaftar Di Bursa Efek Indonesia Tahun 2014-2018

Abstract

This research is intended to analyze the effect of Earning Per Share (EPS), Debt to Asset Ratio (DAR), and Debt to Equity Ratio (DER) to the stock price of the automotive sub-sector in the years of 2014-2018. 

The research methodology used is quantitative method with data panel, which is combination of time series and cross-sectional data, using secondary data obtained from Indonesia Stock Exchange website and IDN Financials website. Mechanical sampling uses purposive sampling method with annual data and the research period from year 2014 to year 2018. The data analysis technique used is multiple linear regression with normality test, classic assumption test (multicollinearity test, autocorrelation test, and heteroscedasticity test) and t-statistical hypothesis test and f-statistic to examine the effect together with a significance level of 5%. 

The results of this research indicated that EPS and DAR variables partially have a positive effect and significant on company’s stock price,but DER variable has a negative effect and significant on company’s stock price. Meanwhile, the independent variables EPS, DAR, and DER have simultaneously a significant relationship to the dependent variable of company’s stock price. Coefficient of determination from this research indicates a figure of 89%, it shows that the variation of the independent variables EPS, DAR, and DER are able to explain the variations fluctuation dependent variable company’s stock price amounted to 89%, while the remaining 11% is affected by other independent variables