PENGARUH RETURN ON EQUITY DAN EARNING PER SHARE TERHADAP HARGA SAHAM PADA PERUSAHAAN PROPERTI YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

Penelitian ini bertujuan untuk menguji pengaruh secara keseluruhan dan parsial baik secara langsung maupin tidak langsung dari return on equity dan earning per share terhadap harga saham serta pengaruh return on equity terhadap earning per share. Rancangan penelitian yang digunakan dalam penelitian ini adalah penelitian kuantitatif kausal. Subjek dalam penelitian ini adalah perusahaan properti yang terdftar di Bursa Efek Indonesia. Sedangkan objek penelitian ini adalah return on equity, erning per share, dan harga saham.Teknik, pengambilan sampel yang digunakan adalah purposive sampling sebanyak 10 perusahaan. Analisis data yang digunakan adalah analisis jalur (path analysis). Hasil penelitian menunjukan bahwa: (1) Return on equity dan earning per share berpengaruh signifikan terhadap harga saham, (2) return on equity berpengaruh positif dan tidak signifikan terhadap earning per share, (3) return on equity berpengaruh negatif dan tidak signifikan terhadap harga saham, (4) earning per share berpengaruh positif dan signifikan terhadap harga saham.
Kata Kunci : Return on equity, Earning per share dan Harga Saham

This study aims to examine the overall and partial effects both directly and indirectly of the return on equity and earnings per share on stock prices and the effect of returns on equity to earnings per share. The research design used in this study is quantitative causal research. The subjects in this study were property companies listed on the Indonesia Stock Exchange. While the object of this research is return on equity, earnings per share, and stock price. The sampling technique used was purposive sampling as many as 10 companies. Analysis of the data used is path analysis. The results showed that: (1) Return on equity and earning per share has a significant effect on stock prices, (2) return on equity has a positive and not significant effect on earnings per share, (3) return on equity has a negative effect and not significant to stock prices, (4) earnings per share has a positive and significant effect on stock prices.
keyword : Return On Equity, Earnings per share and stock price