PENGARUH RETURN ON ASSET DAN EARNING PER SHARE TERHADAP HARGA SAHAM PADA PERUSAHAAN SUB SEKTOR PERDAGANGAN ECERAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

Penelitian ini bertujuan untuk menguji pengaruh secara keseluruhan dan parsial baik secara langsung maupun tidak langsung dari return on asset dan earning per share terhadap harga saham serta pengaruh return on asset terhadap earning per share. Subjek penelitian adalah perusahaan sub sektor perdagangan eceran yang terdaftar di Bursa Efek Indonesia dan objek penelitian ini adalah harga saham, return on asset, dan earning per share. Teknik pengambilan sampel yang digunakan adalah purposive sampling sebanyak 16 perusahaan. Analisis data yang digunakan adalah analisis jalur (path analysis). Hasil penelitian menunjukkan bahwa: (1) return on asset dan earning per share berpengaruh positif signifikan terhadap harga saham, (2) return on asset berpengaruh positif signifikan terhadap earning per share, (3) return on asset berpengaruh positif tidak signifikan terhadap harga saham, dan (4) earning per share berpengaruh positif signifikan terhadap harga saham.
Kata Kunci : earning per share, harga saham, return on asset

This study aimed to examine the effect of partial effect directly and indirectly about return on asset and earning per share to stockprice and effect of return on asset on earning per share. The subject of this study were the retail trade sub sector companies listed in Indonesia stock exchange and the object of this study were the stock price, return on asset and earning per share. The sampling used in this study was purposive sampling in which 16 companies were involved. The data were analyzed by using path analysis. The result showed that 1) return on asset and earning per share had a positive significant effect on stock price, 2) return on asset had positive significant effect on earning per share, 3) return on asset had positive but no significant effect on stock price, 4) earning per share had positive significant effect on stock price
keyword : earning per share, return on asset, stock price