Studi Empiris: Return On Assets, Debt To Equity Rasio Dan Return On Equity Terhadap Harga Saham Perusahaan Sub Sektor Pertambangan Batu Bara

Raji Kurniawan, Delta Fenisa, Atin Sumaryanti

Abstract


The purpose of this study was to analyze the effect of return on assets, Debt to Equity Ratio, and Return on Equity on the share price of coal mining sub-sector companies listed on the IDX in 2019-2022. Quantitative research with an associative approach and the population used is coal mining sub-sector companies in 2019-2022 totaling 25 companies, and the sample obtained was 13 companies using purposive sampling technique, the analysis was carried out by multiple linear regression using SPSS version 24. The results showed that Return on Assets had no significant effect on stock prices, Debt to Equity Ratio had a negative and significant effect on stock prices, and Return on Equity had a positive and significant effect on stock prices.


Keywords


Return On Assets; Debt to Equity Ratio; Return On Equity; Stock Prices.

References


Ahmad, S. J., & Badri, J. (2022). Pengaruh Inflasi dan Tingkat Suku Bunga Terhadap Indeks Harga Saham Gabungan yang Terdaftar di Bursa Efek Indonesia pada Tahun 2013-2021. Jurnal Economina, 1(3), 679–689. https://doi.org/10.55681/economina.v1i3.160 Amiputra, S., Kurniasari, F., & Ade Suyono, K. (2021). Effect of Earnings Per Share (EPS), Price to Earnings Ratio (PER), Market to Book Ratio (MBR), Debt to Equity Ratio (DER), Interest Rate and Market Value Added (MVA) on stock prices at commercial banks registered in 2016-2019 Indonesia Stock Exchange. Conference Series, 3(2), 200–216. https://doi.org/10.34306/conferenceseries.v3i2.590 Bps.go.id. (2023, November 25). Produk Domestik Bruto (Lapangan Usaha). Bps.Go.Id. https://www.bps.go.id/indicator/11/65/4/-seri-2010-pdb-seri-2010.html Budiman, R. (2021). Strategi Manajemen Portofolio Investasi Saham . Elex Media Komputindo. Bustani, B. (2020). The Effect Of Return On Assets (ROA), Net Profit Margin (NPM), Dividend Payout Ratio (DPR) And Dividend Yield (DY) On Stock Prices In The Subsectors Insurance Company Listed In Indonesia Stock Exchange Period 2015-2018. Ilomata International Journal of Tax and Accounting, 1(3), 170–178. https://doi.org/10.52728/ijtc.v1i3.113 Choiriyah, C., Fatimah, F., Agustina, S., & Ulfa, U. (2021). 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. International Journal of Finance Research, 1(2), 103–123. https://doi.org/10.47747/ijfr.v1i2.280 Elizabeth, E., & Putra, A. (2023). Effect Of Return On Assets (ROA), Debt To Assets Ratio (DAR), And Current Ratio (CR) On Stock Price. Scientific Journal Of Reflection : Economic, Accounting, Management and Business, 6(4), 933–942. https://doi.org/10.37481/sjr.v6i4.754 Ery, Y. I. C., & Pandu, A, C. (2021). The Influences of Return on Asset, Return on Equity, Net Profit Margin, Debt Equity Ratio and Current Ratio Toward Stock Price. International Journal of Science, Technology & Management, 2(1), 300–312. https://doi.org/10.46729/ijstm.v2i1.155 Fahmi, I. (2015). Manajemen Investasi. Selemba Empat. Fahrin, S. M., Novianti, A., & Arifah, A. (2022). Pengenalan Manajemen Investasi dan Pasar Modal Bagi Mahasiswa/I Universitas Muhammadiyah Riau. Jurnal Pendidikan Tambusai, 6(1), 2165–2171. Hanafi, M. M., & Halim, A. (2018). Analisis Laporan Keuangan. UUP STIM YKPN. Hasanah, U., & Purnama, I. (2022). Pengaruh Return On Assets, Return On Equity, Dan Debt To Equity Ratio Terhadap Harga Saham Perbankan Yang Go Publik Di Bursa Efek Indonesia. Jurnal Ekonomi & Bisnis, 10(2), 187–196. https://doi.org/10.58406/jeb.v10i2.923 Kasmir. (2022). Analisis Laporan Keuangan. Rajawali Pers. Ksei.go.id. (2022, November 25). Statistik Pasar Modal Indonesia. Ksei.Go.Id. https://www.ksei.co.id/files/Statistik_Publik_-_Desember_2022_v1.pdf Mardiyanto, H. (2009). Intisari Manajemen Keuangan. PT Grasindo. Mingka, H. A., Lubis, F. A., & Harahap, R. D. (2023). Analisis Efek Domino Covid-19 Terhadap Pertumbuhan Investor Pasar Modal di Sumatera Utara. Maro: Jurnal Ekonomi Syariah Dan Bisnis, 6(2), 385–392. https://doi.org/10.31949/maro.v6i2.7514 Oladunjoye, Olawale. O., Ogbebor, Peter. I. & Alalade Y.S.A (2021). Debt Equity And Share Price Performance Of Manufacturing Companies Listed In Nigeria. International Journal of Advanced Research, 9(07), 1016–1024. https://doi.org/10.21474/IJAR01/13206 Ono, T. (2021). The Effect Of Debt Equity Ratio , Return On Equity , Net Profit Margin On Stock Prices. International Journal of Social Science, 1(4), 393–398. https://doi.org/10.53625/ijss.v1i4.716 Pratama, A. W., Wijayanto, A., & Purbawati, D. (2022). Pengaruh Motivasi dan Pengetahuan Investasi Saham terhadap Keputusan Berinvestasi Saham di Bursa Efek Indonesia selama Pandemi Covid-19 (Studi pada Investor Saham Kota Semarang). Jurnal Ilmu Administrasi Bisnis, 11(4), 710–721. https://doi.org/10.14710/jiab.2022.36015 Prianda, D., Sari, E. N., & Rambe, M. F. (2022). The Effect of Return on Asset (ROA), Current Ratio (CR) and Debt to Equity Ratio (DER) on Stock Prices With Dividend Policy as an Intervening Variable. International Journal of Business Economics (IJBE), 3(2), 117–131. https://doi.org/10.30596/ijbe.v3i2.7521 Rizal, I. (2022). Pengaruh Debt to Equity Ratio, Return on Equity, dan Earning Per Share terhadap Harga Saham di Jakarta Islamic Index. Journal of Applied Management Research, 2(1), 66–72. https://doi.org/10.36441/jamr.v2i1.455 Samsul, M. (2015). Pasar Modal & Manajemen Portofolio. Erlangga. Saputro, K. R., & Yuliati, A. (2022). Pengaruh Return on Asset (ROA), Return on Equity (ROE) dan Debt to Equity Ratio (DER) terhadap Harga Saham pada Perusahaan Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Periode 2018-2020. J-MAS (Jurnal Manajemen Dan Sains), 7(2), 477. https://doi.org/10.33087/jmas.v7i2.423 Singh, D. (2018). Stock Price Determinants: Empirical Evidence from Muscat Securities Market, Oman. Firm Value - Theory and Empirical Evidence, 22–31. https://doi.org/10.5772/intechopen.77343 Sudana, I. M. (2011). Manajemen Keuangan Perusahaan Teori dan Praktik. Erlangga. Sugitajaya, K. A., Susila, G. P. A. J., & Atidira, R. (2020). Pengaruh Return On Equity Dan Debt To Equity Ratio Terhadap Harga Saham Pada Perusahaan Sub Sektor Perdagangan Besar. Jurnal Manajemen Dan Bisnis, 2(1). Sugiyono. (2019). Metode Penelitian Kuantitatif. Alfabeta. Sugiyono. (2020). Metode Penelitian Kuantitatif Kualitatif dan R&D. Alfabeta. Sujarweni, V. W. (2021). Metodologi Penelitian: Lengkap, Praktis, dan Mudah Dipahami. PT. Pustaka Baru. Sukamulja, S. (2019). Analisis Laporan Keuangan . Andi. Utami, M. R., & Darmawan, A. (2019). Effect of DER, ROA, ROE, EPS and MVA on Stock Prices in Sharia Indonesian Stock Index. Journal of Applied Accounting and Taxation, 4(1), 15–22. https://doi.org/10.30871/jaat.v4i1.1195 Wardiyah, M. L. (2017). Manajemen Pasar Uang & Pasar Modal. Pustaka Setia. Yulianti, R. (2020). Pengaruh Return On Asset, Debt To Equity Ratio Dan Return On Equity Terhadap Harga Saham Pada Perusahaan Manufaktur Sektor Industri Makanan Dan Minuman di BEI. Jurnal Penelitian Ekonomi Akuntansi (JENSI), 4(2), 134–145. Yunior, K., Putri, A., Hutasoit, T. D. R., & Sirait, J. A. (2023). The Impact of Return on Assets, Debt Equity Ratio, and Return on Equity on Stock Prices of Food and Beverage Manufacturing Companies Listed on the Indonesia Stock Exchange from 2019 to 2021. Journal of Research in Business, Economics, and Education, 5(3), 82–89. https://doi.org/10.55683/jrbee.v5i3.441




DOI: https://doi.org/10.24176/agj.v8i2.13474

Refbacks

  • There are currently no refbacks.


Copyright (c) 2024 Accounting Global Journal

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

View My Stats

gs gs  

Downloads - Creative Commons
Accounting Global Journal (AGJ) is licensed under a Creative Commons Attribution 4.0 International License.

Dedicated to: