Change of Leaders Affects Stock Prices
Pergantian Pemimpin Mempengaruhi Harga Saham
DOI:
https://doi.org/10.21070/ups.7347Keywords:
Return On Equity (ROE), Total Asset Turnover (TATO), Earning Per Share (EPS), Share PriceAbstract
This study aims to provide additional insights into Return On Equity, Total Asset Turnover, and Earnings Per Share, and their impact on stock prices, which have been listed on the Indonesia Stock Exchange from 2021 to 2023. The research utilizes a quantitative method as the collected data is converted into numerical form. The study uses 41 samples based on purposive sampling. Muhammadiyah University Sidoarjo provides the Indonesia Stock Exchange investment gallery along with its data, and E-Views 12 software is used to process the data. In conclusion, the data used in this study does not have a significant partial effect on stock prices. However, Earnings Per Share has an impact on stock prices when considered separately.
Downloads
References
Y. Fitriyani, “Pengaruh Profitabilitas Dan Solvabilitas Terhadap Harga Saham Perusahaan Terindeks Lq45 Di Bei,” Relasi J. Ekon., vol. 18, no. 1, pp. 141–159, 2022, doi: 10.31967/relasi.v18i1.528.
F. Ramadhani, H. Maya, K. Sari, and D. Prapanca, “Food & Beverage Sector Share Price Up At The Same Time, Why?,” Manag. Stud. Entrep. J., vol. 5, no. 2, pp. 3983–3998, 2024, doi: https://doi.org/10.37385/msej.v5i2.4526.
H. Olpah, S. Murni, I. Supheni, and D. F. Sistyaningrum, “PENGARUH FAKTOR INTERNAL DAN EKSTERNAL TERHADAP HARGA SAHAM PADA PERUSAHAAN. (Sektor Industri Konsumsi Tahun 2019-2021),” J. Akunt. dan Manaj. Mutiara Madani, vol. 12, no. 2, pp. 76–92, 2023, doi: 10.23887/jiah.v10i2.25862.
A. Imelda, “Pengaruh Likuiditas, Profitabilitas, Dan Rasio Pasar Terhadap Harga Saham (Studi Kasus Pada Perusahaan Indeks Lq45 Yang Terdaftar Di Bursa Efek Indonesia Periode 2017-2021),” Journals Econ. Bus., vol. 2, no. 2, pp. 17–25, 2022, doi: 10.33365/jeb.v3i1.113.
D. Widiantoro and N. Khoiriawati, “Pengaruh Likuiditas, Profitabilitas Dan Solvabilitas Terhadap Harga Saham Perusahaan Lq45 Yang Terdaftar Pada Bei Periode 2018-2021,” J. Ilm. Manajemen, Ekon. Akunt., vol. 7, no. 2, pp. 168–190, 2023, doi: 10.31955/mea.v7i2.2968.
N. P. L. Narayanti and Gayatri, “Pengaruh Kebijakan Dividen Dan Profitabilitas Terhadap Harga Saham Emiten LQ 45 Tahun 2009-2018,” E-jurnal Akunt., vol. 30, no. 2, pp. 528–539, 2020, doi: https://doi.org/10.24843/EJA.2020.v30.i02.p19.
S. Winata, S. Selfiyan, S. Suhendra, and A. Samara, “Pengaruh Current Ratio, Return On Assets, dan Total Assets Turnover Terhadap Harga Saham Pada Perusahaan Makanan dan Minuman Yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2017-2021,” eCo-Buss, vol. 5, no. 3, pp. 1058–1069, 2023, doi: 10.32877/eb.v5i3.596.
N. A. B. Rahmani, “Analisis Pengaruh Biaya Operasional Terhadap Pendapatan Operasional (Bopo), Total Asset Turn Over (Tato), Return on Asset (Roa), Terhadap Harga Saham Perusahaan Syariah Di Indonesia,” J. Ris. Akunt. dan Bisnis, vol. 23, no. 1, pp. 16–23, 2023, doi: 10.30596/13264.
Fathorrosi, S. Priyanto, and S. Riyadi, “Pengaruh Current Ratio, Return on Asset, Debt Equity Ratio dan Total Asset Turnover terhadap Harga Saham,” J. AKUNTANSI, Ekon. DAN Manaj., vol. 4, no. 1, pp. 70–77, 2024, doi: https://doi.org/10.55606/jaemb.v4i1.2976.
K. B. Prasdita, A. Widiasmara, and J. Murwani, “Simba Seminar Inovasi Manajemen Bisnis Dan Akuntansi V Pengaruh Total Asset Turnover Dan Kepemilikan Institusional Terhadap Harga Saham,” Semin. Inov. Manaj. Bisnis dan Akunt. V, no. September, 2023, [Online]. Available: www.ekbis.sindonews.com
A. P. Astuti and E. Setiawati, “Pengaruh EPS, ROA, DER dan PBV terhadap Harga Saham (Studi Kasus pada Perusahaan LQ 45 yang Terdaftar di Bursa Efek Indonesia Tahun 2018-2021),” J. Rimba Ris. Ilmu Manaj. Bisnis dan Akunt., vol. 2, no. 2, pp. 112–126, 2024, doi: https://doi.org/10.61132/rimba.v2i2.697.
M. B. Sapta, G. Wiyono, and R. Rinofah, “Pengaruh Return on Asset, Earning per Share dan Price to Book Value terhadap Harga Saham: Studi pada Perusahaan LQ45 yang Terdaftar di Bursa Efek Indonesia,” Al-Kharaj J. Ekon. Keuang. Bisnis Syariah, vol. 6, no. 1, pp. 308–322, 2024, doi: 10.47467/alkharaj.v6i1.225.
M. Salim, H. Budiyanti, Nurman, and A. Ramli, “Pengaruh Earning Per Share (Eps), Return On Equity (Roe), Dan Debt To Equity Ratio (Der) Terhadap Harga Saham Perusahaan Lq45 Yang Terdaftar di Bei Periode 2015-2022,” e-Jurnal Ris. Manaj., vol. 5, no. 2, pp. 72–83, 2024, doi: https://doi.org/10.37531/ecotal.v5i2.1110.
A. D. C. Putri and K. Muzakki, “Analisis ROA, ROE, EPS, dan DER terhadap Fluktuasi Harga Saham pada Perusahaan LQ45 di BEI Periode 2019-2021,” Nusant. Entrep. Manag. Rev., vol. 1, no. 1, pp. 24–35, 2023, doi: 10.55732/nemr.v1i1.1043.
M. D. Ayoush, A. A. Toumeh, and K. I. Shabaneh, “Liquidity, leverage, and solvency: what affects profitability of industrial enterprises the most?,” Invest. Manag. Financ. Innov., vol. 18, no. 3, pp. 249–259, 2021, doi: 10.21511/imfi.18(3).2021.22.
Y. Ahmeti and I. Mazreku, “Analysis of Financial Performance of the Banking System in Kosovo - 2014-2019 Period,” ŒCONOMICA, vol. 16, no. 2, pp. 295–304, 2020.
N. F. Safitri, B. Santoso, and M. Muhdin, “Pengaruh Profitabilitas Dan Kebijakan Dividen Terhadap Harga Saham Pada Perusahaan Yang Tergabung Dalam Indeks Lq45 Di Bursa Efek Indonesia Periode 2017 – 2021,” Jmm Unram - Master Manag. J., vol. 12, no. 3, pp. 225–237, 2023, doi: 10.29303/jmm.v12i3.799.
M. M. Lumantow, “PENGARUH STRUKTUR MODAL, STRUKTUR KEPEMILIKAN, DAN PROFITABILITAS TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI (Studi Pada Perusahaan LQ45 Tahun 2016-2018),” J. EMBA J. Ris. Ekon. Manajemen, Bisnis dan Akunt., vol. 10, no. 2, p. 346, 2022, doi: 10.35794/emba.v10i2.40303.
Kasmir, Pengantar Manajemen Keuangan, 2nd ed. Jakarta: Prenadamedia group, 2019.
M. B. Tudose and V. D. Rusu, “MEASURING FINANCIAL PERFORMANCE: FINANCIAL RATIOS VS. ECONOMIC VALUE ADDED,” EU ITS Neighb. ENHANCING EU ACTORNESS East. Borderl., vol. 2, pp. 184–196, 2020.
D. I. Sofielia, H. Maya, K. Sari, P. S. Manajemen, and U. M. Sidoarjo, “Big Threat To Multimedia Stocks Ancaman Besar Terhadap Saham Multimedia,” Manag. Stud. Entrep. J., vol. 5, no. 2, pp. 4052–4069, 2024, doi: https://doi.org/10.37385/msej.v5i2.4478.
T. Q. Thinh, D. A. Tuan, and L. C. Danh, “Testing the influence of factors on the timeliness of financial reporting- Empirical evidence of Vietnamese listed enterprises,” Invest. Manag. Financ. Innov., vol. 19, no. 4, pp. 285–293, 2022, doi: 10.21511/imfi.19(4).2022.23.
S. Khan and A. Qasem, “Are the firms’ capital structure and performance related? Evidence from GCC economies,” Cogent Bus. Manag., vol. 11, no. 1, 2024, doi: 10.1080/23311975.2024.2344749.
S. I. Legawa and B. Fanani, “Pengaruh Current Ratio, Return On Asset, Earning Per Share, dan Total Asset Turover Terhadap Harga Saham,” JABKO J. Akunt. dan Bisnis Kontemporer, vol. 4, no. 1, pp. 1–22, 2023, doi: 10.24905/jabko.v13i2.41 A.
H. A. U. Khan and R. Hidayat2, “The Effect of Dividend Policy, Debt Policy, And Profitability on The Value of Automotive Companies Listed on The Indonesia Stock Exchange 2017-2021,” EDP Sci., vol. 03030, pp. 25–46, 2022, doi: 10.54367/jrak.v3i1.439.
E. Islamiyanti and H. M. K. Sari, “Pengaruh Struktur Modal, Risiko Sistematis dan Likuiditas Terhadap Return Saham (pada Perusahaan di LQ45 Tahun 2018-2020),” Acad. Globe Inderscience Res., vol. 2, no. 3, pp. 1–17, 2023, doi: 10.47134/academicia.v2i3.4.
E. I. D. Yanti, H. M. K. Sari, and D. Prapanca3, “Investasi Pintar Dalam Saham,” Manag. Stud. Entrep. J., vol. 5, no. 1, pp. 930–940, 2024, doi: https://doi.org/10.37385/msej.v5i1.4167.
S. D. Andriani, R. Kusumastuti, and R. Hernando, “Pengaruh Return On Equity (ROE), Earning Per Share (EPS) dan Debt To Equity Ratio (DER) Terhadap Harga Saham (Studi Empiris Pada Perusahaan Industri Makanan Olahan yang Terdaftar di Bursa Efek Indonesia Tahun 2018 – 2020),” Owner, vol. 7, no. 1, pp. 333–345, 2022, doi: 10.33395/owner.v7i1.1268.
S. Laily, “Pengaruh Return on Asset, Return on Equity Terhadap Harga Saham pada Perusahaan Manufaktur Sub Sektor Food and Beverage yang Terdaftar di Bursa Efek Indonesia pada Tahun 2019–2021,” J. EMT KITA, vol. 8, no. 1, pp. 80–87, 2024, doi: 10.35870/emt.v8i1.1851.
Furkan and A. Munandar, “Pengaruh Total Asset Turnover Dan Return On Asset Terhadap Harga Saham Pada PT Kabelindo Murni Tbk,” J. Publ. Ekon. dan Akunt., vol. 4, no. 1, pp. 120–129, 2024, doi: 10.51903/jupea.v4i1.2159.
M. O. Adrianto, “Analisis Pengaruh Return On Equity , Current Ratio , Price Earning Ratio , Debt To Equity Ratio Dan Total Asset Turnover Terhadap Return Saham Pada Perusahaan Yang Termasuk Pada LQ-45 Di Bursa Efek Indonesia Periode 2016-2021,” J. Akuntan Publik, vol. 2, no. 1, pp. 192–207, 2024, doi: https://doi.org/10.59581/jap-widyakarya.v2i1.2540 Analisis.
Ifadhila, “Pengaruh DPS, EPS, dan ROA Terhadap Harga Saham,” JUMANJI (JURNAL Manaj. JAMBI), vol. 6, no. 1, 2023, doi: https://doi.org/10.35141/jmj.v6i1.850.
R. P. Aryanti, “Pengaruh Dividend Yield, Retention Ratio, Eps, Dan Roe,” J. Ilm. Edunomika, vol. 05, no. 01, pp. 235–245, 2021, doi: http://dx.doi.org/10.29040/jie.v5i1.2117.
Muchammad Andi Muhaimin, Sriyono, and Detak Prapanca, “Pengaruh Cash Ratio, Return On Assets, Firm Size, dan Debt To Equity Ratio terhadap Dividend Payout Ratio: Studi pada Perusahaan Manufaktur Sub Sektor Otomotif dan Komponen yang Terdaftar di BEI periode 2017-2021,” Al-Kharaj J. Ekon. Keuang. Bisnis Syariah, vol. 6, no. 5, pp. 5525–5543, 2024, doi: 10.47467/alkharaj.v6i5.2477.
A. R. Y. Pratama, D. Prapanca, and Sriyono, “Return On Asset (ROA), Return On Invesment (ROI), Earning Per Share (EPS) Terhadap Harga Saham (Studi Kasus Perusahaan Subsektor Otomotif Dan Komponen Yang Terdaftar Di Bursa Efek Indonesia Tahun 2020-2023),” Manag. Stud. Entrep. J., vol. 5, no. 2, pp. 5755–5769, 2024.
Downloads
Additional Files
Posted
License
Copyright (c) 2025 UMSIDA Preprints Server
This work is licensed under a Creative Commons Attribution 4.0 International License.
