Effect of Return On Assets, Return On Equity and Earning Per Share on the price of shares at PT. Gajah Tunggal tbk
(1) Sekolah Tinggi Ilmu Ekonomi YPN Karawang
(*) Corresponding Author
DOI: https://doi.org/10.26858/jiap.v10i1.14134
Abstract
This study aims to determine the effect of Return on Assets, Return on Equity and Earning Per Share on stock prices at PT. Gajah Tunggal Tbk. The method used was explanatory research with a sample of 8-year financial statements in the form of a panel PT. Gajah Tunggal Tbk. The analysis technique uses statistical analysis with regression testing, correlation, determination and hypothesis testing. The results of this study Return on Assets have a significant effect on stock prices by 53.4%, hypothesis testing obtained significance of 0.040 <0.05. Return on Equity has a significant effect on stock prices by 83.0%, hypothesis testing obtained significance of 0.002 <0.05. Earning Per Share has a significant effect on the stock price of 97.9%, the hypothesis test obtained significance 0,000 <0.05. Return on Assets, Return on Equity and Earning Per Share simultaneously have a significant effect on the stock price of 99.5%, the hypothesis test obtained significance 0,000 <0.05.
Full Text:
PDFReferences
Afriyanti, R., Daraba, D., & Kasmita, M. (2020). Implications of Shrimp Crackers Empowerment Industry on Community Welfare. PINISI Discretion Review, 1(2), 97–102.
Ali, M., Lei, S., & Wei, X.-Y. (2018). The mediating role of the employee relations climate in the relationship between strategic HRM and organizational performance in Chinese banks. Journal of Innovation & Knowledge, 3(3), 115–122. https://doi.org/https://doi.org/10.1016/j.jik.2016.12.003
Astuti, E. P., & Husna, F. M. (2020). The Effect of Net Interest Margin (NIM) and Operational Costs Operating Income (BOPO) on Return on Assets (RoA) at PT. Bank Rakyat Indonesia, Tbk. PINISI Discretion Review, 2(1), 1–8.
Bennett, B., Stulz, R., & Wang, Z. (2020). Does the stock market make firms more productive? Journal of Financial Economics, 136(2), 281–306. https://doi.org/https://doi.org/10.1016/j.jfineco.2019.09.006
Cao, F., Ye, K., Zhang, N., & Li, S. (2002). Stock Price Distribution. Option Theory, 29(1), 29–56. https://doi.org/doi:10.1002/0470013273.ch3
Della Torre, E. (2019). Collective voice mechanisms, HRM practices and organizational performance in Italian manufacturing firms. European Management Journal, 37(3), 398–410. https://doi.org/https://doi.org/10.1016/j.emj.2018.09.001
Dunford, B. B., Boswell, W. R., & Boudreau, J. W. (2010). When do high-level managers believe they can influence the stock price? Antecedents of stock price expectancy cognitions. Human Resource Management, 49(1), 23–43. https://doi.org/10.1002/hrm.20332
Fu, J., Wu, X., Liu, Y., & Chen, R. (2020). Firm-specific investor sentiment and stock price crash risk. Finance Research Letters, 101442. https://doi.org/https://doi.org/10.1016/j.frl.2020.101442
Jati, W. (2019). The Effect of Financial Leverage, Operating Leverage and Current Ratio on Profitability at PT. Manunggal Persada Jakarta. PINISI Discretion Review, 3(2), 135–142.
Kencana, P. N. (2020). The Effect of Product Quality on Purchasing Decisions of Honda Motorized Vehicles with Matic Scooter Types. PINISI Discretion Review, 1(2), 81–88.
Ren, S., & Jackson, S. E. (2020). HRM institutional entrepreneurship for sustainable business organizations. Human Resource Management Review, 30(3), 100691. https://doi.org/https://doi.org/10.1016/j.hrmr.2019.100691
Shi, J., Yu, C., Liu, X., & Li, Y. (2020). Predicting firm stock returns with customer stock returns: Moderating effects of customer characteristics. Research in International Business and Finance, 101280. https://doi.org/https://doi.org/10.1016/j.ribaf.2020.101280
Sunarsi, D., & Kusjono, G. (2019). Pengaruh Lingkungan Kerja Non Fisik, Konflik Dan Turn Over Intention Terhadap Produktivitas Kerja Karyawan Pada CV. Usaha Mandiri Jakarta Selatan. Jurnal Ekonomi Efektif, 1(3).
Sunarsi, D., Kustini, E., Lutfi, A. M., Fauzi, R. D., & Noryani, N. (2019). Penyuluhan Wirausaha Home Industry Untuk Meningkatkan Ekonomi Keluarga Dengan Daur Ulang Barang Bekas. BAKTIMAS: Jurnal Pengabdian Pada Masyarakat, 1(4), 188–193.
Tumanggor, M. (2020). The Influence of Current Ratio, Quick Ratio and Net Profit Margin on Return on Assets at PT. Hero Supermarket Tbk. PINISI Discretion Review, 1(1), 137–146.
Tzabbar, D., Tzafrir, S., & Baruch, Y. (2017). A bridge over troubled water: Replication, integration and extension of the relationship between HRM practices and organizational performance using moderating meta-analysis. Human Resource Management Review, 27(1), 134–148. https://doi.org/https://doi.org/10.1016/j.hrmr.2016.08.002
VanDalsem, S. A. (2019). Sacrificing corporate investment for stock repurchases: Are family firms different? Journal of Economics and Business, 104, 105837. https://doi.org/https://doi.org/10.1016/j.jeconbus.2019.03.001
Yin, L., Wei, Y., & Han, L. (2020). Firms’ profit instability and the cross-section of stock returns: Evidence from China. Research in International Business and Finance, 53, 101203. https://doi.org/https://doi.org/10.1016/j.ribaf.2020.101203
Article Metrics
Abstract view : 568 times | PDF view : 295 timesRefbacks
- There are currently no refbacks.
Copyright (c) 2020 Ilham Ilham
This work is licensed under a Creative Commons Attribution 4.0 International License.
Diterbitkan oleh:
Program Studi Ilmu Administrasi Publik
Program Pascasarjana Universitas Negeri Makassar
JIAP Index By:
This work is licensed under a Creative Commons Attribution 4.0 International License.