PENGARUH DEBT TO EQUITY RATIO DAN EARNING PER SHARE TERHADAP HARGA SAHAM PERUSAHAAN YANG TERDAFTAR DI LQ45 TAHUN 2014-2016

AYU KUSUMANINGTYAS, Drs. Achmad Choiruman, M.Si.

2018 | Tugas Akhir | D3 MANAJEMEN SV

Debt to equity ratio dapat menggambarkan sumber dana yang digunakan oleh perusahaan dan risiko yang dihadapi oleh perusahaan. Semakin besar debt to equity ratio berarti semakin besar aktiva atau pendanaan perusahaan yang berasal dari hutang.Debt to equity ratio dapat memberikan pengaruh positif terhadap harga saham apabila hutang digunakan secara efektif mungkin untuk modal perusahaan.Earning per share dapat menggambarkan laba bersih yang diperoleh perusahaan tersebut yang siap dibagikan kepada semua pemegang saham. Investor akan lebih tertarik pada perusahaan yang memiliki earning per share yang tinggi, dan earning per share suatu perusahaan akan berpengaruh terhadap harga saham perusahaan tersebut.Penelitian ini bertujuan untuk memberikan bukti empiris mengenai pengaruh debt to equity ratio dan earning per share terhadap harga saham pada Perusahaan yang terdaftar di LQ45 dalam satu model penelitian. Pengujian dilakukan terhadap 10 sampel perusahaan untuk periode 2014-2016.Pengujian hipotesis dilakukan dengan menggunakan analisis regresi linier berganda yang diolah dengan menggunakan alat uji statistic.Hasil pengujian dalam penelitian ini secara statistik membuktikan bahwa debt to equity ratiotidak berpengaruh signifikan dan earning per share berpengaruh signifikan terhadap harga saham. Kata kunci :debt to equity ratio, earning per share dan harga saham.

Debt to equity ratio can describe fund resources that are used by the company and the risks that are faced by the company. The bigger debt to equity ratio means the bigger actives and company funds that come from obligations. Debt to equity ratio can have a positive effect on stock prices when debt is used as effectively as possible to the company's capital. Earning per share to net income derived describing the company is ready to be distributed to all shareholders. Investors will be more interested in companies that have high earnings per share and earnings per share of a company will affect the company's stock price. This research is intended to give the empirical evidence about the effect of debt to equity ratio and earning per share to stock price at Company That Registered in LQ45 in a type of research. The investigations were employed to 10 company samples in the period of 2014-2016. Hypothesis testing was done by using double linier regression analysis that was processed by using statistical test.The statistic results of this research prove that debt to equity ratio have no significant effect and earning per share have a significant effect to stock price. Key words: debt to equity ratio, earning per share, stock price

Kata Kunci : debt to equity ratio, earning per share, harga saham.