PENGARUH STRUKTUR MODAL, EARNING PER SHARE, DAN KURS BI TERHADAP HARGA SAHAM

Authors

  • Manasye Andhanny Christian Soeyoedi Sekolah Tinggi Ilmu Ekonomi Kesatuan

Keywords:

Capital Structure, Debt to Equity Ratio, Earning per Share, BI Rate, Stock Price

Abstract

The stock price is the nominal amount that will be paid by the investor to
buy shares in a Go Public company. Stock prices are influenced by several factors
including Capital Structure, Earning per Share and BI Rate. The purpose of this
study is to see how much influence of Capital Structure, Earning per Share, and
BI Rate on Stock Price. This research was conducted in 3 (three) companies are
PT. Indocement Tunggal Prakarsa, PT. Semen Indonesia, and PT. Holcim
Indonesia. This research uses analysis data methods of financial statements and
descriptive analysis that aims to compare the influence of x variables and y
variables.
The results of research at PT. Indocement Tunggal Prakarsa shows that
Capital Structure has a positive effect not significant to Stock Price, Earning per
Share have the significant positive effect to Stock Price, and BI Rate has a
negative effect not significant to Stock Price. Simultaneously, Capital Structure,
Earning per Share, and BI Rate has a significant effect on Stock Price.
While the results of research at PT. Semen of Indonesia, Capital Structure,
Earning per Share, and BI Rate has no significant effect on Stock Price.
Simultaneously, the result of research has significant value 0,009 or less than
0,050 so that Capital Structure, Earning per Share and BI Rate has significant
effect to Stock Price.
Results of research at PT. Holcim Indonesia shows that the Capital
Structure and BI Rate have a negative effect on the Stock Price, while the Earning
per Share variable has a significant positive effect on the Stock Price
Simultaneously, Capital Structure, Earning Per Share and BI Rate have
significant effect to Stock Price. The result of the research proves that Stock Price
is not only determined by one factor only.

Keywords : Capital Structure, Debt to Equity Ratio, Earning per Share, BI Rate,
Stock Price

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Published

2021-07-01