Pengaruh Return On Equity Dan Net Profit Margin terhadap Harga Saham pada Perusahaan Perkebunan yang Terdaftar di Bursa Efek Indonesia

Muslih Muslih, Yasrin Musthafa Bachri

Abstract


The purpose of this study is to determine the effect of Return On Equity and Net Profit Margin on Share Prices on plantation companies listed on the Indonesia Stock Exchange in 2014-2018. The sample companies are plantation companies listed on the Indonesia Stock Exchange in 2014-2018 and have met the specified criteria. The sample companies obtained were 7 (seven) plantation companies listed on the Indonesia Stock Exchange in 2014-2018. This research uses the technique Multiple Linear Analysis (Miltiple Integration) using Simultaneous Test (F) and Partial Test (t) at Level of Significance 5% (α = 0.005). From the results of Simultaneous Test (F) shows that Return On Equity and Net Profit Margin simultaneously affect the stock price. While the Partial Test (t) shows that Return On Equity has a significant value below 0.05years 0.000. This means that Return On Equity has a significant influence on stock prices. Whereas Net Profit Margin is above 0.05 which is 0.435. From these results it can be seen that partially Net Profit Margin has no effect on stock prices. From the Determination Coefficient test results obtained 50.1% variation of changes in stock prices can be explained by Return On Equity and Net Profit Margin, while the remaining 49.9% is explained by other variables outside the model.


Keywords


Stock Price, Return On Equity and Net Profit Margin

Full Text:

PDF

References


Brigham, E. F., & Houston, J. F. (2011). Dasar-dasar Manajemen Keuangan Terjemahan. Jakarta: Salemba Empat.

Fahmi, I. (2017). Analisis Laporan Keuangan. Bandung: Alfabeta.

Hakim, L. (2018). Prinsip-Prinsip Lembaga Keuangan Syariah. Surakarta: Erlangga.

Halim, A. (2015). Manajemen Keuangan Bisnis: Konsep dan Aplikasinya. Jakarta: Mitra Wacana Media.

Hanafi, M. M. (2016). Manajemen Keuangan. Yogyakarta: BPFE.

Hani, S. (2015). Teknik Analisa Laporan Keuangan. Medan: UMSU PRESS.

Harahap, S. S. (2015). Analisis Kritis atas Laporan Keuangan. Jakarta: PT.Raja Grafindo Persada.

Harjito, A. & Martono. (2010).Manajemen Keuangan. Yogyakarta: Ekonoisia

Hery. (2015). Analisa Laporan Keuangan. Yogyakarta: Center For Academic Publishing Service.

Husaini, A. (2012). Pengaruh Variabel Return On Assets , Return On Equity, Net Profit Margin dan earning Per Share Terhadap Harga Saham Perusahaan. Jurnal Administrasi Bisnis, 6(1), 45–49.

Husein, U (2011). Metode Penelitian Untuk Skripsi dan Tesis Bisnis. Jakarta: PT. Raja Grafindo Persada.

Husnan, S. (2013). Dasar-Dasar Manajemen Keuangan (Ke Empat). Jakarta: Salemba Empat.

Hutami, P. R. (2012). Pengaruh Dividend Per Share, Return On Equity dan Net Profit Margin Terhadap Harga Saham Perusahaan Industri Manufaktur yang Tercatat di Bursa Efek Indonesia periode 2006-2010. Jurnal Nominal, I(1), 104–123.

Jogiyanto, H. (2010). Teori Porto Folio dan Analisis Investasi. Yogyakarta: BPFE.

Jufrizen, J. (2015). Pengaruh Inventory Turn Over dan Fixed Asset Turn Over Terhadap Return On Equity pada Perusahaan Farmasi Yang Terdaftar di BEI Tahun 2007 - 2013. Jurnal Kajian Manajemen Bisnis, 4(1), 110–128.

Juliandi, A. (2013). Metodologi Penelitian Kuantitatif. Medan: Cipta Pustaka Media Printis.

Kasmir. (2012). Analisis Laporan Keuangan. Jakarta: PT.Raja Grafindo Persada.

Martalena, & Maya, M. (2011). Pengantar Pasar Modal. Yogyakarta: ANDI PUBLISHER.

Muhardi, W. R. (2013). Analisa Laporan Keuangan, Proyeksi dan Valuasi Saham. Yogyakarta: Salemba Empat

Munawir. (2014). Analisa Laporan Keuangan. Yogyakarta: Liberty.

Rivai, V., Modding, B., Permata, A., & Mariyanti, T. (2013). Manajemen Kelembagaan Keuangan. Jakarta: PT.Raja Grafindo Persada.

Sanjaya, S., & Jufrizen, J. (2017). Peran Moderasi Kepemilikan Institusional Terhadap Determinan Return on Equity Di Bursa Efek Indonesia. Jurnal Ilmiah Manajemen dan Bisnis, 18(2), 189–205.

Santoso, S (2012). Panduan Lengkap SPSS Versi 20. Jakarta: PT. Elex Media Komputindo.

Sartono, A (2010). Manjemen Keuangan Teori dan Aplikasi. Yogyakarta: BPFE UGM.

Siregar, Q. R. & Farisi, S. (2018). Pengaruh Return on Asset, Net Profit Margin, Dan Earning Per Share Terhadap Harga Saham. MANEGGIO: Jurnal Ilmiah Magister Manajemen, 1(1), 81–89.

Sudana, I. M. (2011). Manjemen Keuangan Teori dan Praktek. Jakarta: Erlangga.

Sugiyono. (2016). Metode Penelitian Manajemen. Bandung: Alfabeta.

Sugiyono. (2017). Metode Penelitian Administrasi. Bandung: Alfabeta.

Sujarweni, V. W. (2017). Analisa Laporan Keuangan. Yogyakarta: Pustaka Baru Press.

Tandelilin, E. (2010). Portofolio dan Investasi Teori dan Aplikasi. Yogyakarta: Kanisius.

Tim Penyusun. (2009). Pedoman Penulisan Karya Ilmiah. Medan: Universitas Muhammadiyah Sumatera Utara.

Tjiptono, D., & Fakhruddin. (2012). Pasar Modal di Indonesia. Jakarta: Salemba Empat.

Utari, D., Purwanti, A., & Prawironegoro, D. (2014). Manajemen Keuangan. Jakarta: Mitra Wacana Media.

Van Horne, J. C., & Wachowizc Jr, J. M. (2013). Prinsip-Prinsip Manajemen Keuangan. Jakarta: Salemba Empat.




DOI: https://doi.org/10.30601/humaniora.v4i1.421

Refbacks

  • There are currently no refbacks.


Copyright (c) 2020 Muslih Muslih

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

JURNAL HUMANIORA


Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

© Jurnal Humaniora : Jurnal Ilmu Sosial, Ekonomi dan Hukum. Published by Center for Research and Community Service (LPPM) University of Abulyatama, Aceh, Indonesia. 2019

Flag Counter