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Abstract
This study aims to (1) determine the effect of earnings per share on stock prices, (2) determine the effect of price-earnings ratio on stock prices, (3 determine the effect of price to book value on stock prices, (4) find out whether earnings per share, price earning ratio, and price to book value have a simultaneous effect on stock prices. This study uses secondary data through data sources and the Indonesian stock exchange that have been published by companies, as many as nine companies within five years. This research was conducted within the research period. From August to October 2020. Methods: the analysis used is multiple linear regression analysis, classical assumption test, partial test, simultaneous test, and coefficient of determination. The data were analyzed using the Statistical Product and Service Solution (SPSS) 23 software program. The results of this study state that (1) Earning Per Share has a positive and significant effect on stock prices, (2) price earning ratio has a positive and significant effect on stock prices, (3) price to book value has a positive and significant effect on stock prices, (4) Earning Per Share, price earning ratio, debt to equity, price to book value simultaneously affects the stock price. Therefore, construction companies are expected to improve their performance to increase stock prices further.
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References
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References
Abdullah, W., Syariati, A., & Hamid, R. (2017). Pengaruh Corporate Social Responsibility (Csr), Ukuran Perusahaan Dan Interest Based Debt (Ibd) Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Di Jakarta Islamic Index Periode 2010-2016. Jurnal Minds: Manajemen Ide Dan Inspirasi. https://doi.org/10.24252/minds.v4i2.4192
Agustiningrum, R. (2011). Analisis pengaruh CAR, NPL, dan LDR terhadap profitabilitas pada Perusahaan Perbankan. E-Jurnal Manajemen Universitas Udayana, 885–902.
Ang, R. (1997). Buku pintar pasar modal Indonesia. Mediasoft Indonesia.
Asna, & Graha, A. N. (2006). Analisis Pengaruh Rasio Kuangan terhadap Return Saham Perbankan yang Terdaftar di Bursa Efek Indonesia. Research Gate, 2(3), 192–212.
Cao, Y., Gruca, T. S., & Klemz, B. R. (2003). Internet Pricing, Price Satisfaction, and Customer Satisfaction. International Journal of Electronic Commerce, 8(2), 31–50. https://doi.org/10.1080/10864415.2003.11044291
Dharmastuti, F., & Wirjolukito, A. (2004). Analisis Pengaruh Faktor-Faktor Keuangan Terhada Harga Saham Perusahaan Go Pulbik di BEJ. Jurnal Manajeman, 1(1).
Eprima Dewi, L., Trisna Herawati, N. S., & Gede Erni Sulindawati, L. S. (2015). Analisis Pengaruh NIM, BOPO, LDR, DAN NPL Terhadap Profitabilitas (Studi Kasus Pada Bank Umum Swasta Nasional Yang Terdaftar Pada Bursa Efek Indonesia Periode 2009-2013 ). E-Jurnal S1 Ak. Universitas Pendidikan Ganesha Jurusan Akuntansi Program S1, 3(1).
Firman, A., & Putra, A. H. P. K. (2020). The Effect of Social Media Utilization, Campus Environment and Entrepreneurship Knowledge on Student Entrepreneurial Interest. Point Of View Research Management, 3(4), 131–143.
Fitriyani, V. K. (2016). Pengaruh Intellectual Capital Terhadap Nilai Perusahaan Yang Diukur Menggunakan Tobins Q Pada Saham-Saham Lq-45 Periode 2011-2015. Universitas Widyatama.
Hery. (2016). Analisis Laporan Keuangan. In Analisis Laporan Keuangan (p. 4).
Kartini, K., & Setiawan, D. A. (2017). Faktor-Faktor Yang Mempengaruhi Perilaku Overconfidence Investor Saham Di Yogyakarta. Jurnal Riset Manajemen Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha Program Magister Manajemen, 4(1), 36–46.
Nasser, E. M. (2007). Perbandingan Kinerja Bank Pemerintah dan Bank Swasta Dengan Rasio CAMEL Serta Pengaruhnya Terhadap Harga Saham. Media Riset Akuntansi, Auditing & Informasi, 3(3), 217–236.
Ningsih, E., Rambe, P. A., & Suprihartini, L. (2016). Pengaruh Kualitas Audit, Audit Client Tenure, Debt Default, Opinion Shopping dan Kondisi Keuangan Perusahaan Terhadap Penerimaan Opini Audit Going Concern. Skripsi.
Prasetyorini, B. F. F. (2013). Pengaruh ukuran perusahaan, leverage, price earning ratio dan profitabilitas terhadap nilai perusahaan. Jurnal Ilmu Manajemen (JIM), 1(1).
Priastuti, S., & Lestariningsih, M. (2016). Analisis Perbandingan Laporan Keuangan. 5.
Starovic, D., & Marr, B. (2003). Understanding corporate value: managing and reporting intellectual capital. CIMA.
Tangngisalu, J., Mappamiring, M., Andayani, W., Putra, M. Y., & Kusuma, A. H. P. (2020). CSR and Firm Reputation from Employee Perspective. Journal of Asian Finance, Economics and Business, 7(10), 171–182.