Pengaruh Ukuran Perusahaan, Leverage dan Profitabilitas terhadap Harga Saham
(Studi Pada Perusahaan Properti dan Real Estate yang Terdaftar di Bursa Efek Indonesia Tahun 2019-2023)
DOI:
https://doi.org/10.59024/jumek.v2i2.410Keywords:
Company Size (L.N.T.ASSETS), Leverage (DER), Profitability (ROA), Share Price (PER)Abstract
The aim of this research is to partially test and analyze the influence of each variable Company Size, Leverage and Profitability on stock prices (2) To test and analyze the influence of Company Size, Leverage and Profitability simultaneously on Stock Prices. This type of research is causal quantitative research, the data source used is secondary data. The data analysis technique uses multiple linear regression. Data collection methods consist of library studies and documentation. As well as the sampling technique using the Purposive Sampling method with research data from 30 Property and Real Estate companies listed on the IDX as the population and 18 companies as the sample. The t test results show that partially, Company Size (L.N.T.ASSETS) has a negative and significant effect, Leverage (DER) has a positive and significant effect, Profitability (ROA) has a negative and insignificant effect on share prices listed on the Indonesia Stock Exchange. The results of the f test show that Company Size (L.N.T.ASSETS), Leverage (DER), Profitability (ROA) simultaneously have a significant effect on Share Prices (PER) listed on the Stock Exchange in Indonesia.
References
Ahmad, H. (2021). Pengaruh return on asset, return on equity, net profit margin, dan earning per share terhadap harga saham. *Jurnal Ilmiah Edunomika*, 5(1), 45-47. https://doi.org/10.29040/jie.v5i1.1700
Akbar, I., & Djawoto. (2021). Pengaruh ROA, DER, current ratio terhadap harga saham pada perusahaan real estate yang ada di Bursa Efek Indonesia. *Jurnal Ilmu dan Riset Manajemen*, 10(1), 1-19.
Alamsyah, M. F. (2019). Pengaruh profitabilitas, ukuran perusahaan dan nilai pasar terhadap harga saham pada sub sektor pertambangan logam dan mineral di Bursa Efek Indonesia (BEI). *Jurnal Manajemen*, 11(2), 170-178.
Ani, N. K. S., Trianasari, & Cipta, W. (2019). Pengaruh ROA dan ROE serta EPS terhadap harga saham sektor farmasi yang terdaftar di BEI. *Jurnal Manajemen*, 5(2), 148-157.
Buchari, S. S. (2015). Pengaruh ROA, ROE, dan EPS terhadap harga saham PT Unilever Indonesia Tbk (Periode 2007-2014). *Jurnal Ilmiah*, 6(September), 1-93.
Budhi, S. R. T. C. U. (2018). Effect of stock price, debt to equity ratio, return on asset, earning per share, price earning ratio and firm size on income smoothing in Indonesia manufacturing industry. *Russian Journal of Agricultural and Socio-Economic Sciences*, 6, 496-504.
Daniswara, H. P., & Daryanto, W. M. (2019). Earning per share (EPS), price book value (PBV), return on asset (ROA), return on equity (ROE), and indeks harga saham gabungan (IHSG) effect on stock return. *South East Asia Journal of Contemporary Business, Economics and Law*, 20(1), 1.
Elis, D. (2012). Analisis pengaruh return on assets (ROA), return on equity (ROE), net profit margin (NPM) dan earning per share (EPS) terhadap harga saham (Studi pada perusahaan food dan beverages yang terdaftar di Bursa Efek Indonesia (BEI) pada tahun 2008-2012). *Materials Science and Engineering: A*, 27(1), 1-14. Retrieved from https://www.tandfonline.com/doi/full/10.1080/02670836.2016.1231746
Ginting, M. C., & Sagala, L. (2021). Faktor-faktor yang mempengaruhi harga saham di perusahaan perbankan yang terdaftar di Bursa Efek Indonesia periode 2018–2020. *Jurnal Manajemen*, 7, 75-86.
Hutajulu, I. R., Fachrudin, K. A., & Silalahi, A. S. (2020). Analysis of the effect of financial ratios and corporate social responsibility on stock prices with company size as a moderating variable in food and beverage industry companies listed on the Indonesia Stock Exchange. *International Journal of Research and Review*, 7(1), 1.
Ifani, P. A., Fujianti, L., & Astuti, S. B. (2019). Perusahaan profitabilitas, leverage dan ukuran perusahaan terhadap harga saham antara Indonesia dan Malaysia. *Jurnal Manajemen dan Bisnis MEDIA Ekonomi*, 19(1), 153-167.
Laela, N. M. K. S. (2020). Pengaruh earning per share (EPS), return on asset (ROA) dan return on equity (ROE) terhadap harga saham perusahaan perbankan yang terdaftar di Bursa Efek Indonesia.
Lismawati. (2019). Analisis faktor-faktor yang mempengaruhi harga saham (Studi empiris pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2014-2018).
Luckieta, M., Amran, A., & Alamsyah, D. P. (2020). The fundamental analysis of stock prices. *Test Engineering and Management*, 83(1), 28720-28729.
Mogonta, K., & Pandowo, M. (2016). Analyzing the effect of return on assets, return on equity and earnings per share on market share price: A study of LQ-45 mining companies listed on Indonesia Stock Exchange. *Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi*, 4(2), 703-713.
Novasari, E. (2013). Pengaruh PER, EPS, ROA dan DER terhadap harga saham perusahaan sub-sektor industri textile yang go public di Bursa Efek Indonesia (BEI) tahun 2009-2011.
Pernamasari, R., Tanjung, J., Purwaningsih, S., & Rahayu P, D. (2020). Effectiveness of firm performance and earnings management to stock price. *EPRA International Journal of Multidisciplinary Research (IJMR)-Peer Reviewed Journal*, 2, 198-210. https://doi.org/10.36713/epra2013
Prasetyo, A. (2013). Pengaruh leverage dan profitabilitas terhadap harga saham pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2009-2011. *Jurnal Ekonomi*, 2, 1-20.
Rahmani, N. A. B. (2021). Pengaruh ROA (return on asset), ROE (return on equity), NPM (net profit margin), GPM (gross profit margin) dan EPS (earning per share) terhadap harga saham dan pertumbuhan laba pada bank yang terdaftar di Bursa Efek Indonesia tahun 2014-2018. *Human FALAH: Jurnal Ekonomi dan Bisnis Islam*, 7(1), 6.
Ramadhani, A. (2018). Analisis faktor-faktor yang mempengaruhi harga saham pada perusahaan sektor perbankan yang terdaftar di Bursa Efek Indonesia (BEI).
Ratih, S. D., & Apriatnu, F. P. (2013). Pengaruh EPS, PER, DER, ROE terhadap harga saham pada perusahaan sektor pertambangan yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2010-2012. *Eksis Jurnal Riset Ekonomi dan Bisnis*, 11(1), 1-12. https://doi.org/10.26533/eksis.v11i1.36
Rinati, I. (2008). Pengaruh net profit margin (NPM), return on assets (ROA) dan return on equity (ROE) terhadap harga saham pada perusahaan yang tercantum dalam indeks LQ45.
Robert, M. H., & Imam, G. (2020). Overview of return on investment on cigarette companies registered in Indonesia.
Silaban, W. (2019). Pengaruh pertumbuhan penjualan, likuiditas, dan struktur aset terhadap kebijakan hutang (Studi kasus perusahaan makanan dan minuman di Bursa Efek Indonesia).
Sukayasih, A., Mahfudnurnajamuddin, & Ramlawati. (2019). Pengaruh current ratio, return on asset, dan debt to equity ratio terhadap harga saham perusahaan yang terdaftar di BEI sektor properti dan real estate. *Paradigma Jurnal Ilmu Ekonomi*, 2(3), 81-88.
Supriyadi, T. (2021). Effect of return on assets (ROA), return on equity (ROE), and net profit margin (NPM) on the company's value in manufacturing companies listed on the Indonesia Stock Exchange year 2016-2019. *International Journal of Economics, Business and Management Research*, 5(4). Retrieved from www.ijebmr.com
Susanto, D. (2012). Pengaruh return on asset (ROA), return on equity (ROE), earning per share (EPS) terhadap harga saham pada PT. Indocement Tunggal Prakarsa, Tbk. dan entitas anak. *Encyclopedia of Health Care Management*, 1(6), 1100-1111. https://doi.org/10.4135/9781412950602.n699
Tarmidi, D., Pramukty, R., & Akbar, T. (2020). Fundamental analysis of financial ratios on stock prices. *Saudi Journal of Economics and Finance*, 4(5), 176-180. https://doi.org/10.36348/sjef.2020.v04i05.003
Wijayanto, A., Rafinda, A., & Ariyani, D. (2021). Underpricing phenomenon and stock return after IPO. In *Proceedings of the 2019 International Conference on Economics, Business and Social Sciences (EBIC 2019)* (pp. 221-229). https://doi.org/10.5220/0009201802210229
Zubaidah, A., Sudiyatno, B., & Puspitasari, E. (2018). Pengaruh kinerja perusahaan dan struktur modal terhadap return saham (Studi empiris pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode tahun 2013-2016). *Jurnal Administrasi Bisnis Fakultas Ilmu Administrasi Universitas Brawijaya Malang*, 2010, 589-595.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Jurnal Manajemen dan Ekonomi Kreatif

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