GAMBARAN PENERAPAN NET PROFIT MARGIN DAN EARNING PER SHARE TERHADAP HARGA SAHAM PADA SUB SEKTOR PERUSAHAAN INVESTASI PADA TAHUN 2011-2016

Fajar Nuurohman, Eded Tarmedi, Mayasari Mayasari

Abstract


Objectives - The purpose of this study is to find out how the picture of the application of net profit margin and earnings per share to stock prices in the sub-sector of investment companies in 2011-2016

design / methodology / approach - The method used in this research is descriptive and verifikatif method. The data used are secondary data from each company sub sector of investment company in year 2011-2016 with analysis technique using multiple regression. Sampling in this research use purposive sampling.

Findings - The results of this study indicate that, the application of net profit margin effect on stock prices. earnings per share effect on stock prices. The results showed that the application of net profit margin and earnings per share a positive influence on stock prices.

Originality - Differences of research with previous research is on the object, population and sample research, the study period, measuring instruments and research results, as well as sources of foreign theories and journals and foreign books and research results

Keywords


net profit margin, earnings per share, stock price

Full Text:

PDF

References


Ali Arifin. (2008). Membaca Saham, (2007), 2007–2009.

Amanda, Astrid, Darmanto, dan Achmad Husaini. (2013). Pengaruh Debt To Equity Ratio, Return On Equity, Earnings Per Share, dan Price Earning Ratio terhadap Harga Saham (Studi Pada Perusahaan Food and Beverages yang terdaftar di BEI tahun 2008-2011). Fakultas Ilmu Administrasi Universitas Brawijaya.

Andreou, P. C., & Antoniou, C. (2015). Corporate Governance and Firm-Specific Stock Price Crashes. European Financial Management, 4.

Armin, R. (2009). No Title, 1–15.

Artha, D. R. (2014). Analisis Fundamental , Teknikal Dan Makro Ekonomi, 16(2), 175–183. https://doi.org/10.9744/jmk.16.2.175

Atiq, M., Rafiq, M., & Roohullah. (2010). Factors Affecting Stock Prices: A Case Study of Karachi Stock Exchange (KSE). B&Er, 2(1), 7–12. Retrieved from http://www.imsciences.edu.pk/files/journals/Vol. 2 No. 1. April 2010/JB&ER-2.pdf

Azhari, D. F. (2016). Perusahaan Properti dan Real Estate yang Go Publik di Bursa, 32(2), 1–5.

Agarwal, Megha. (2015). Developments in Mean-Variance Efficient Portfolio Selection. London: Springer

Arikunto, S. (2006). Prosedur Penelitian Suatu Pendekatan Praktik Edisi Revisi VI. Jakarta: PT. Rineka Cipta.

Brigham F. Eugene dan Houston, Joel. (2010). Dasar – Dasar Manajemen Keuangan : Assetials Of Financial Management. Jakarta: Penerbit Salemba Empat.

Brigham dan Houston. (2012). Fundamental of Financial Management Thirteenth Edition. USA: South Western Cengage Leaming.

Bhatt, P., & Jk, S. (2012). Impact of Earnings per share on Market Value of an equity share: An Empirical study in Indian Capital Market. Journal of Finance, Accounting and Management, 3(July), 1–14.

Carpenter, J. N., & Whitelaw, R. F. (2016). The Development Of China’s Stock Market And Stakes For The Global Economy

Darminto, A. P., & Saifi, M. (2014). Faktor Internal dan Eksternal yang Mempengaruhi Pergerakan Harga Saham (Studi Pada Saham-Saham Indeks LQ45 Periode 2009 – 2013). Jurnal Administrasi Bisnis, 11(1).

Dodd, O., Gilbert, A., & Zealand, N. (2015). The Impact of Cross-listing on the Home Market ’ s Information Environment and Stock Price Efficiency The Impact of Cross-listing on the Home Market ’ s Information Environment and Stock Price Efficiency, 9999.

Dewi, Utari., Ari P., Darsono P. (2014). Manajemen Keuangan. Jakarta: Mitra Wacana Media

Ghozali, Imam. (2009). Aplikasi Analisis Multivariate dengan Program SPSS, Edisi Keempat. Penerbit Universitas Diponegoro.

Gitman, Lawrance J. ‎Juchau Roger, ‎Flanagan Jack. (2015). Principles of Managerial Finance. Sydney: Pearson Education

Hanafi, Mamduh H dan A. Halim. (2007). Analisis Laporan Keuangan. (3 rd Ed.). Yogyakarta : Penerbit UPP STIM YKPN.

Heikal, M., Khaddafi, M., & Ummah, A. (2014). Influence Analysis of Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Debt To Equity Ratio (DER), and current ratio (CR), Against Corporate Profit Growth In Automotive In Indonesia Stock Exchange. International Journal of Academic Research in Business and Social Sciences, 4(12), 2222–6990. https://doi.org/10.6007/IJARBSS/v4-i12/1331

Husnan, Suad. (2004). Dasar-dasar Teori Portofolio dan Analisi Sekuritas. Yogyakarta: UPP AMP YKPN

Irawati, Susan. (2006). Manajemen Keuangan. Bandung: Pustaka.

James C. Van Horne dan John M. Wacbowicz. (2005). Prinsip-prinsi Manajemen Keuangan. (12th Ed.) Jakarta: Selemba Empat

Johnston, Mark W. (2013). Relationship Selling and Sales Management. Cram101 Publishing

Jogiyanto. (2017). Pengaruh Return On Equity, Deviden Payout Ratio, Price To Book Value, Dan Earning Per Share Terhadap Return Saham.

Kim, J. (2016). CEO Overconfidence and Stock Price Crash Risk. Accounting Conservatism and Stock Price Crash Risk: Firm-Level Evidence, 33(1), 412–441.

Kim, J., & Zhang, L. (2012). Article Type : Original Article Accounting Conservatism and Stock Price Crash Risk: Firm-level Evidence*. https://doi.org/10.1111/1911-3846.12112

Kumar, N. P., & Padhi, P. (2012). The impact of Macroeconomic Fundamentals on Stock Prices revisited: An Evidence from Indian Data. Eurasian Journal of Business and Economics, 5(10), 25–44. https://doi.org/10.5897/JAERD12.088

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

Komaruddin. (1988). Metode Penulisan Skripsi dan Tesis. Bandung: Angkasa

Louhichi, W. (2008). Adjustment of stock prices to earnings announcements: evidence from Euronext Paris. Review of Accounting and Finance, 7(1), 102–115. https://doi.org/10.1108/14757700810853879

Mahmood, I., Nazir, F., & Junid, M. (2015). Stock Prices and Inflation : A Case Study of Pakistan, 217–223.

Mehta, Anupam, and Ganga Bhavani. 2017. “What Determines Banks ’ Profitability ? Evidence from Emerging Markets — the Case of the UAE Banking Sector.” 6(1): 77–88.

Martono, dan D. Agus Darjito. (2007). Manajemen Keuangan. Yogyakarta: Ekonosia.

Margono. (2004). Metodologi Penelitian Pendidikan. Jakarta: Rineka Cipta.

Masri, Singarimbun dan Sofian, Effendi. (2006). Metode Penelitian Survei. Jakarta: LP3ES.

Nasir, Moh. (1998). Metode Penelitian. Jakarta: Ghalia Indonesia.

Onuonga, S. M. (2014). The Analysis of Profitability of Kenya ` s Top Six Commercial Banks : Internal Factor Analysis, 3(5), 94–103.

Prasanna, S., & Ezhilmaran, D. (2016). A survey of stock price prediction & estimation using data mining techniques. International Journal of Applied Engineering Research, 11(6), 4097–4099.

Rahayu, N. M. P. S., & Dana, I. M. (2016). Pengaruh Eva , Mva Dan Likuiditas Terhadap Harga Saham Pada Perusahaan Food and Bevareges. E-Jurnal Manajemen Unud, 5(1), 443–469, NaN-8912.

Rinati, I. (2008). ( ROA ) dan Return On Equity ( ROE ) terhadap Harga Saham pada Perusahaan yang Tercantum Dalam Indeks LQ45, 1–12.

Singh, J., & Seth, S. (2015). Investigating Stock Market Indices Of India - Empirical Analysis. Oxford Journal: An International Journal Of Business & Economics, 10(2), 29–40.

Sriyana, J. (2015). Islamic Banks ’ Profitability Amid The, 13(4), 1695–1710.

Srinivasan, T., & Thiru, M. (2015). An Empirical Study of Profitability Analysis of Neyveli Lignite Corporation Limited ( Nlc Ltd .) Deputy Director and Associate Professor of Commerce , DDE . Annamalai University , Annamalai Nagar , Tamil Nadu Assistant Professor of Commerce , DDE ., Annam. Global Journal for Research Analysis, 4(6), 162–163.

Sugiyono, Dr.,(2012). Metode Penelitian. Bandung: Penerbit Alfabeta.

Sihombing, Gregorius. (2008). Kaya dan Pinter Jadi Trader & Investor Saham. Yogyakarta : Penerbit Indonesia Cerdas.

Subagyo, Joko. (1991). Metode Penelitian dalam Teori dan Praktek. Jakarta: Rineka

Sudjana. (2003). Teknis Analisis Regresi dan Korelasi. Edisi Ketiga. Bandung: Tarsito.

Sudjana. (2005). Metode Statistika. Bandung: Tarsito.

Sugiyono, Dr.,(2012). Metode Penelitian. Bandung: Penerbit Alfabeta.

Sutrisno. (2001). Konsep dan Aplikasi Manajemen Keuangan. Yogyakarta: Ekonisia.

Sofyan Syafri Harahap. (1997). Teori Akuntansi. PT. Raja Grafindo Persada. Jakarta.

Sutrisno. (2001). Konsep dan Aplikasi Manajemen Keuangan. Yogyakarta: Ekonisia.

Tryfino. (2009). Cara Cerdas Berinvestasi Saham. (1st Ed.). Transmedia Pustaka, Jakarta.

Tan, S., Syarif, A., & Ariza, D. (2014). Jurnal Dinamika Manajemen Vol. 2 No.2 April – Juni 2014, 2(2), 116–129.

Tuller, L. W. (1994). High risk, high return investing. (L. John Willey & Sons, Ed.). England.

Wijayaningsih, R., & Saifi, M. (2015). Pengaruh Bi Rate , Fed Rate , Dan Kurs Rupiah Terhadap Indeks Harga Saham Gabungan ( Ihsg ) ( Studi Pada Bursa Efek Indonesia Periode 2008-2015 ). Jurnal Ilmu Administrasi Universitas Brawijaya, 33(2), 69–75.

Wulandari, O. S., Rahayu, S. M., Nuzula, N. F., Administrasi, F. I., & Brawijaya, U. (2012). Analisis Fundamental Menggunakan Pendekatan Price Earnings Ratio Untuk Menilai Harga Intrinsik Saham Untuk Pengambilan Keputusan Investasi Saham ( Studi pada perusahaan yang sahamnya masuk indeks LQ45 Periode tahun 2010-2012 di Bursa Efek Indonesia )., 23(1), 73–80.




DOI: http://dx.doi.org/10.17509/jbme.v3i3.14314

Refbacks

  • There are currently no refbacks.


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

Creative Commons License

Journal of Business Management Education (JBME)is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License

View My Stats