PENGARUH PERPUTARAN ASET DAN EARNING PER SHARE TERHADAP HARGA SAHAM DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI
Abstract
Tujuan pengujian ini untuk mendeteksi hubungan antara perputaran aset dan laba per saham terhadap harga saham dengan mempertimbangkan profitabilitas sebagai variabel pengganggu atau moderasi. Penelitian ini memanfaatkan informasi yang dikumpulkan melalui laporan keuangan subsektor makanan dan minuman yang terdafatar di BEI dengan jangka waktu 2017-2021 dengan metode pegujian purposive sampling yang memenuhi langkah-langkah eksplorasi, penelitian ini mengambil 75 sampel dari total 15 perusahaan dengan rentang 5 tahun menggunakan aplikasi statistik STATA. Berdasarkan studi yang telah dijalankan, memperoleh hasil yaitu perputaran aset berdampak negatif pada harga saham, earning per share berdampak positif terhadap harga saham, profitabilitas tidak mampu memoderasi perputaran aset pada harga saham dan profitabilitas sanggup memoderasi secara positif laba per saham pada harga saham.
References
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Anwar, T. (2020). The Effect of Per and Roi on Stock Price in Cement Company ( PT X , Cikarang ). International Journal of Multicultural and Multireligious Understanding, 7(4), 55–60.
Aprianti, E., & Wahyuningsih, D. (2022). Implikasi Return on Assets ( ROA ), Earning Per Share ( EPS ), Rasio Pendapatan Harga ( PER ), dan Utang ke Rasion ( DER ) Terhadap Harga Saham. 4(1), 93–105.
Basri, M., Batubara, H. C., & Simatupang, L. (2022). Return on Asset, Debt To Asset Ratio, Quick Rasio and Total Assets Turn Over on Stock Price in the Chemical Sector Companies Listed on The Indonesia Stock Exchange. 3(1), 507–521. http://jurnal.umsu.ac.id/index.php/insis/article/view/9596
Bratamanggala, R. (2018). Factors affecting earning per share: The case of Indonesia. International Journal of Economics and Business Administration, 6(2), 92–100. https://doi.org/10.35808/ijeba/160
Claudia, A., & Indrati, M. (2021). Analysis of Effect on Asset Return , Return on Equity , Earning Per Share , and Net Profit Margin on Share Price on Banking Company. Journal Research Of Social Science Economics and Management, 01(2), 64–78.
Darmadji, T., & Fakhrudin. (2001). Pasar Modal di Indonesia. Salemba Empat.
Dianita, M., & Phety, D. T. O. (2021). “The Effect Of Return On Assets (ROA) And Return On Equity (ROE) Towards Changes In Share Prices.” Turkish Journal of Computer and Mathematics Education (TURCOMAT), 12(8), 651–657.
Dini, S., Jingga, J., & Wijaya, W. (2020). Faktor-Faktor Yang Memengaruhi Harga Saham. 4(1), 128–140. https://journal.stiemb.ac.id/index.php/mea/article/view/229
Fabozzi, F. (1999). Manajemen Investasi. Salemba Empat.
Fadhila, A. N. (2021). Factors Affecting Stock Returns in The Sub-sector Companies of Foods and Beverages Listed on The Indonesia Stock Exchange. 1(2), 12–21.
Febyansyah, A., & Dewayani, P. (2022). Pengaruh Profitabilitas, Struktur Modal, dan Pertumbuhan Perusahaan Terhadap Nilai Perusahaan. Journal Advancement Center for Finance and Accounting. http://journal.jacfa.id/index.php/publish/article/view/31
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Glover, R. W., Long, D. W., Haas, C. T., & Alemany, C. (1999). Return on Invesment (ROI) Analysis of Education and Training in the Construction Industry. http://dx.doi.org/10.26153/tsw/41156
Godfrey, J., Hodgson, A., Tarca, A., Hamilton, J., & Holmes, S. (2010). Accounting Theory.
Handayani, S., & Karnawati, Y. (2021). Relevansi Informasi Dalam Pengambilan Keputusan. Jurnal Ekonomi, 12–92.
Hasangapon, M., Iskandar, D., Purnama, E. D., & Tampubolon, L. D. (2021). The Effect Of Firm Size And Total Assets Turnover (Tato) On Firm Value Mediated By Profitability In Wholesale And Retail Sector Companies. PRIMANOMICS: Jurnal Ekonomi Dan Bisnis, 19(3), 1–15. https://jurnal.ubd.ac.id/index.php/ds
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Ibrahim, D. C., & Panjaitan, H. P. (2020). Influence of NPM, PBV, DER, TATO, and EPS on Stock Prices of Automotive Sub Sector Companies and Its Components Listed on IDX in 2014-2018. Journal of Applied Business and Technology, 2020(3), 151–162. www.e-jabt.org
Ika, R. S., & Suliati, R. (2020). Pengaruh Net Profit Margin, Total Assets Turnover, Debt to Assets ratio, dan Earning Per Share Terhadap Harga Saham. 1.
Imran, A., Shahzad, M., Chani, M. I., Hassan, S. ul, & Mustafa, U. (2014). Impact of Dividend Policy , Earning per Share , Return on Equity , Profit after Tax on Stock Prices PhD Scholar , National College of Business Administration. International Journal of Economics and Empirical Research, 2(3)(60793), 109–115.
Istiyowati, D., & Putri, I. S. (2022). Pengaruh Total Aset Turnover (TATO), Earning Per Share (EPS), Debt To Assets Ratio (DAR) Terhadap Harga Saham Pada Industri Farmasi. AKUA: Jurnal Akuntansi Dan Keuangan, 1(2), 210–215. https://doi.org/10.54259/akua.v1i2.774
Jamal, S. W. (2020). The Dynamics of Relations Between Systematic Risk, Fundamental Variables and Stock Prices in Pharmaceutical Companies. International Journal of Business Economics (IJBE), 1(2), 102–116. https://doi.org/10.30596/ijbe.v1i2.4438
Kemenperin. (2021). Sektor Manufaktur Tumbuh Agresif di Tengah Tekanan Pandemi. https://kemenperin.go.id/artikel/22681/Sektor-Manufaktur-Tumbuh-Agresif-di-Tengah-Tekanan-Pandemi-
Luckieta, M., Amran, A., & Alamsyah, D. P. (2020). The Fundamental Analysis of Stock Prices. TEST : Engineeering & Management, 83(September), 28720–28729. https://www.researchgate.net/publication/344237173
Lusiana, H. (2020). The Effect of Return on Equity (ROE) and Earning per Share (EPS) on Stock Prices In Indonesia Stock Exchange 2015-2018. Ilomata International Journal of Tax and Accounting, 1(3), 132–138. https://doi.org/10.52728/ijtc.v1i3.92
Mohamed, E. A., Ahmed, I. E., Mehdi, R., & Hussain, H. (2021). Impact of corporate performance on stock price predictions in the UAE markets: Neuro-fuzzy model. Intelligent Systems in Accounting, Finance and Management, 28(1), 52–71. https://doi.org/10.1002/isaf.1484
Munawir. (2004). Analisis Laporan Keuangan (Keempat). Liberty.
Nariswari, T. N., & Nugraha, N. M. (2020). Finance & Banking Studies Profit Growth : Impact of Net Profit Margin , Gross Profit Margin and Total Assets Turnover. Finance & Banking Studies, 9(4), 87–96.
OJK. (2022). Penyampaian Laporan Keuangan Berkala Emiten atau Perusahaan Publik. Salinan Peraturan Otoritas Jasa Keuangan Republik Indonesia Nomor 14 /POJK.04/2022.
Patin, J.-C., Rahman, M., & Mustafa, M. (2020). Impact of Total Asset Turnover Ratios on Equity Returns: Dynamic Panel Data Analyses. Journal of Accounting, Business and Management (JABM), 27(2), 19. https://doi.org/10.31966/jabminternational.v27i2.689
Purwaningsih, E., & Widjanarko, Y. S. (2022). Pengaruh Net Profit Margin dan Return On Equity terhadap Harga Saham dengan Earnings Per Share sebagai Variabel Moderasi. Journal of Management and Business Review, 19(2), 138–151. https://doi.org/10.34149/jmbr.v19i2.312
Raharjo, N., & Abdurrahman. (2020). Pengaruh Likuiditas, Profitabilitas, Struktur Modal Dan Perputaran Piutang Terhadap Return Saham. Jurnal Ilmu Dan Riset Manajemen, 22(1), 49–54.
Ramadani, D., & Jumono, S. (2020). Analysis of Cash Position Effect, Debt to Equity Ratio, Return on Assets, And Loan to Deposit Ratio, Net Call Money Over Pay-out Ratio Dividends (Case Study of Banking Companies Listed on the Indonesia Stock Exchange in 2012 - 2018). Journal of Multidisciplinary, 4(3), 176–182. https://digilib.esaunggul.ac.id/public/UEU-Journal-22333-11_1986.pdf
Ramdoni, M., & Gantino, R. (2019). Analisis Rasio Keuangan dan Variabel Makro Terhadap Return Saham. Jurnal Akuntansi Dan Keuangan Kontemporer, 2(1), 29–42.
Ramlah, R. (2021). The Effect of Profitability and Leverage on Stock Return of Food and Beverage Companies. Research Management, 2(2), 1–12. https://journal.accountingpointofview.id/index.php/povrema
Reniati, R. S. W. M. A. (2020). Financial Performance and Corporate Social Responsibility on Return of Shares. Jurnal Akuntansi, 23(3), 409. https://doi.org/10.24912/ja.v23i3.611
Santosa, P. W. (2020). The effect of financial performance and innovation on leverage: Evidence from Indonesian food and beverage sector. Organizations and Markets in Emerging Economies, 11(22), 367–388. https://doi.org/10.15388/OMEE.2020.11.38
Sholichah, M., Jihadi, M., Widagdo, B., Mardiani, N., Nurjanah, D., & Aulia, Y. (2021). The Effect of RGEC and EPS on Stock Prices : Evidence from Commercial Banks in Indonesia. Journal of Asian Finance, Economict and Business, 8(8), hlm.67-74. https://doi.org/10.13106/jafeb.2021.vol8.no8.0067
Shrotriya, V. (2019). Analysis of Assets Turnover Ratios of Maruti Suzuki India Limited. 22(4), 4042–4053.
Sihaloho, J., & Rochyadi, A. P. (2021). The Influence of PER, EPS, PBV on Stock Price and Firm Size as Mediators in Food and Beverage Sub-Sector Manufacturing Companies Listed on The Indonesia Stock Exchange 2015-2020. International Journal of Economics, Business and Accounting Research (IJEBAR), 5(4), 432–446.
Simatupang, J., & Sari, E. P. (2021). Effect of Working Capital, Asset Turnover and Sales Growth Limited Return on Assets on Food and Beverage Industry. International Journal of Business Economics (IJBE), 2(2), 143–154. https://doi.org/10.30596/ijbe.v2i2.6655
Siregar, Q. R., & Harahap, D. D. (2021). Influence Current Ratio, Debt to Equity Ratio and Total Asset Turnover on Return on Equity in the Transportation Sector Industry. International Journal of Business Economics (IJBE), 2(2), 99–112. https://doi.org/10.30596/ijbe.v2i2.6644
Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics, 87(3). https://doi.org/10.2307/1882010
Sunaryo, D. (2020). The The Effect of Profitability (Return on Investment) and Financial Risk Against Stock Price Before Covide-19. International Journal of Science, Technology & Management, 1(2), 87–99. https://doi.org/10.46729/ijstm.v1i2.19
Supeno, B. (2020). Competitive Environment Analysis Through Finance Fundamentals Analysis: LQ45 stock prices on the Indonesia stock exchange. IOP Conference Series: Earth and Environmental Science, 469(1). https://doi.org/10.1088/1755-1315/469/1/012074
Sutrisno. (2000). Manajemen Keuangan: Teori, Konsep, dan Aplikasi. Ekonisia.
Tandelilin, E. (2001). Analisis Investasi dan manajemen Portofolio (Pertama). BPFE.
Ullah, K., & Bagh, T. (2019). The Relationship Between Profitability and Stock Prices: Evidence from the Saudi Banking Sector. 10(14), 91–101. https://doi.org/10.7176/RJFA
Utami, M. R., & Darmawan, A. (2019). Effect of DER, ROA, ROE, EPS and MVA on Stock Prices in Sharia Indonesian Stock Index. Journal of Applied Accounting and Taxation, 4(1), 15–22. https://doi.org/10.30871/jaat.v4i1.1195
Weston, J. F., & Brigham, E. F. (1993). Managerial Finance. Erlangga, Jakarta.
Weston, J. F., & Copeland, T. E. (1992). Managerial Finance. The Dryden Press International Edition.
Wiliem, E., & Widiyanto, G. (2022). The Influence of DER, RTO, CR, TATO, and EPSon Stock Prices in Wholesale Sub Sector Companies. 20(1), 105–123.
Yuliani, R., Saudi, M. H., & Sinaga, O. (2021). The Fundamental Impact On Mining Share Price On Indonesia Stock Exchange. Turkish Journal of Computer and Mathematics Education, 12(8), 805–810. https://www.scopus.com/inward/record.uri?eid=2-s2.0-85104843523&partnerID=40&md5=382e18ea8411d325c3cb2129df66b573
Zulher, & Ratnasih, C. (2019). Determinants of Manufacturing Company Stock Prices. Indonesian Journal of Educational Review, 6(2), 54–62.
Ang, R. (1997). Buku Pintar Pasar Modal Indonesia (The Intelligent Guide To Indonesian Capital Market) (Pertama). Mediasoft Indonesia.
Anwar, T. (2020). The Effect of Per and Roi on Stock Price in Cement Company ( PT X , Cikarang ). International Journal of Multicultural and Multireligious Understanding, 7(4), 55–60.
Aprianti, E., & Wahyuningsih, D. (2022). Implikasi Return on Assets ( ROA ), Earning Per Share ( EPS ), Rasio Pendapatan Harga ( PER ), dan Utang ke Rasion ( DER ) Terhadap Harga Saham. 4(1), 93–105.
Basri, M., Batubara, H. C., & Simatupang, L. (2022). Return on Asset, Debt To Asset Ratio, Quick Rasio and Total Assets Turn Over on Stock Price in the Chemical Sector Companies Listed on The Indonesia Stock Exchange. 3(1), 507–521. http://jurnal.umsu.ac.id/index.php/insis/article/view/9596
Bratamanggala, R. (2018). Factors affecting earning per share: The case of Indonesia. International Journal of Economics and Business Administration, 6(2), 92–100. https://doi.org/10.35808/ijeba/160
Claudia, A., & Indrati, M. (2021). Analysis of Effect on Asset Return , Return on Equity , Earning Per Share , and Net Profit Margin on Share Price on Banking Company. Journal Research Of Social Science Economics and Management, 01(2), 64–78.
Darmadji, T., & Fakhrudin. (2001). Pasar Modal di Indonesia. Salemba Empat.
Dianita, M., & Phety, D. T. O. (2021). “The Effect Of Return On Assets (ROA) And Return On Equity (ROE) Towards Changes In Share Prices.” Turkish Journal of Computer and Mathematics Education (TURCOMAT), 12(8), 651–657.
Dini, S., Jingga, J., & Wijaya, W. (2020). Faktor-Faktor Yang Memengaruhi Harga Saham. 4(1), 128–140. https://journal.stiemb.ac.id/index.php/mea/article/view/229
Fabozzi, F. (1999). Manajemen Investasi. Salemba Empat.
Fadhila, A. N. (2021). Factors Affecting Stock Returns in The Sub-sector Companies of Foods and Beverages Listed on The Indonesia Stock Exchange. 1(2), 12–21.
Febyansyah, A., & Dewayani, P. (2022). Pengaruh Profitabilitas, Struktur Modal, dan Pertumbuhan Perusahaan Terhadap Nilai Perusahaan. Journal Advancement Center for Finance and Accounting. http://journal.jacfa.id/index.php/publish/article/view/31
Fuller, R. J., & Jr, J. L. F. (1987). Modern Investments and Security Analysis (McGraw-Hil). New York : McGraw-Hill.
Glover, R. W., Long, D. W., Haas, C. T., & Alemany, C. (1999). Return on Invesment (ROI) Analysis of Education and Training in the Construction Industry. http://dx.doi.org/10.26153/tsw/41156
Godfrey, J., Hodgson, A., Tarca, A., Hamilton, J., & Holmes, S. (2010). Accounting Theory.
Handayani, S., & Karnawati, Y. (2021). Relevansi Informasi Dalam Pengambilan Keputusan. Jurnal Ekonomi, 12–92.
Hasangapon, M., Iskandar, D., Purnama, E. D., & Tampubolon, L. D. (2021). The Effect Of Firm Size And Total Assets Turnover (Tato) On Firm Value Mediated By Profitability In Wholesale And Retail Sector Companies. PRIMANOMICS: Jurnal Ekonomi Dan Bisnis, 19(3), 1–15. https://jurnal.ubd.ac.id/index.php/ds
Hermanto, H., & Natasya, A. (2021). Informasi Keuangan Perusahaan Terhadap Harga Saham Perusahaan Barang Konsumsi. Jurnal Ekonomi : Journal of Economic, 12(02). https://doi.org/10.47007/jeko.v12i02.4198
Horne, J. C. Van, & Wachowicz, J. M. (1998). Fundamentals of Financial Management (10th editi).
Huber, G., Linke, B., Morlock, M., & Ito, K. (2008). The Influence of ROA, ROE, ROS, and EPS on Stock Price. 3(4), 101-101–113. https://doi.org/10.1520/stp11138s
Ibrahim, D. C., & Panjaitan, H. P. (2020). Influence of NPM, PBV, DER, TATO, and EPS on Stock Prices of Automotive Sub Sector Companies and Its Components Listed on IDX in 2014-2018. Journal of Applied Business and Technology, 2020(3), 151–162. www.e-jabt.org
Ika, R. S., & Suliati, R. (2020). Pengaruh Net Profit Margin, Total Assets Turnover, Debt to Assets ratio, dan Earning Per Share Terhadap Harga Saham. 1.
Imran, A., Shahzad, M., Chani, M. I., Hassan, S. ul, & Mustafa, U. (2014). Impact of Dividend Policy , Earning per Share , Return on Equity , Profit after Tax on Stock Prices PhD Scholar , National College of Business Administration. International Journal of Economics and Empirical Research, 2(3)(60793), 109–115.
Istiyowati, D., & Putri, I. S. (2022). Pengaruh Total Aset Turnover (TATO), Earning Per Share (EPS), Debt To Assets Ratio (DAR) Terhadap Harga Saham Pada Industri Farmasi. AKUA: Jurnal Akuntansi Dan Keuangan, 1(2), 210–215. https://doi.org/10.54259/akua.v1i2.774
Jamal, S. W. (2020). The Dynamics of Relations Between Systematic Risk, Fundamental Variables and Stock Prices in Pharmaceutical Companies. International Journal of Business Economics (IJBE), 1(2), 102–116. https://doi.org/10.30596/ijbe.v1i2.4438
Kemenperin. (2021). Sektor Manufaktur Tumbuh Agresif di Tengah Tekanan Pandemi. https://kemenperin.go.id/artikel/22681/Sektor-Manufaktur-Tumbuh-Agresif-di-Tengah-Tekanan-Pandemi-
Luckieta, M., Amran, A., & Alamsyah, D. P. (2020). The Fundamental Analysis of Stock Prices. TEST : Engineeering & Management, 83(September), 28720–28729. https://www.researchgate.net/publication/344237173
Lusiana, H. (2020). The Effect of Return on Equity (ROE) and Earning per Share (EPS) on Stock Prices In Indonesia Stock Exchange 2015-2018. Ilomata International Journal of Tax and Accounting, 1(3), 132–138. https://doi.org/10.52728/ijtc.v1i3.92
Mohamed, E. A., Ahmed, I. E., Mehdi, R., & Hussain, H. (2021). Impact of corporate performance on stock price predictions in the UAE markets: Neuro-fuzzy model. Intelligent Systems in Accounting, Finance and Management, 28(1), 52–71. https://doi.org/10.1002/isaf.1484
Munawir. (2004). Analisis Laporan Keuangan (Keempat). Liberty.
Nariswari, T. N., & Nugraha, N. M. (2020). Finance & Banking Studies Profit Growth : Impact of Net Profit Margin , Gross Profit Margin and Total Assets Turnover. Finance & Banking Studies, 9(4), 87–96.
OJK. (2022). Penyampaian Laporan Keuangan Berkala Emiten atau Perusahaan Publik. Salinan Peraturan Otoritas Jasa Keuangan Republik Indonesia Nomor 14 /POJK.04/2022.
Patin, J.-C., Rahman, M., & Mustafa, M. (2020). Impact of Total Asset Turnover Ratios on Equity Returns: Dynamic Panel Data Analyses. Journal of Accounting, Business and Management (JABM), 27(2), 19. https://doi.org/10.31966/jabminternational.v27i2.689
Purwaningsih, E., & Widjanarko, Y. S. (2022). Pengaruh Net Profit Margin dan Return On Equity terhadap Harga Saham dengan Earnings Per Share sebagai Variabel Moderasi. Journal of Management and Business Review, 19(2), 138–151. https://doi.org/10.34149/jmbr.v19i2.312
Raharjo, N., & Abdurrahman. (2020). Pengaruh Likuiditas, Profitabilitas, Struktur Modal Dan Perputaran Piutang Terhadap Return Saham. Jurnal Ilmu Dan Riset Manajemen, 22(1), 49–54.
Ramadani, D., & Jumono, S. (2020). Analysis of Cash Position Effect, Debt to Equity Ratio, Return on Assets, And Loan to Deposit Ratio, Net Call Money Over Pay-out Ratio Dividends (Case Study of Banking Companies Listed on the Indonesia Stock Exchange in 2012 - 2018). Journal of Multidisciplinary, 4(3), 176–182. https://digilib.esaunggul.ac.id/public/UEU-Journal-22333-11_1986.pdf
Ramdoni, M., & Gantino, R. (2019). Analisis Rasio Keuangan dan Variabel Makro Terhadap Return Saham. Jurnal Akuntansi Dan Keuangan Kontemporer, 2(1), 29–42.
Ramlah, R. (2021). The Effect of Profitability and Leverage on Stock Return of Food and Beverage Companies. Research Management, 2(2), 1–12. https://journal.accountingpointofview.id/index.php/povrema
Reniati, R. S. W. M. A. (2020). Financial Performance and Corporate Social Responsibility on Return of Shares. Jurnal Akuntansi, 23(3), 409. https://doi.org/10.24912/ja.v23i3.611
Santosa, P. W. (2020). The effect of financial performance and innovation on leverage: Evidence from Indonesian food and beverage sector. Organizations and Markets in Emerging Economies, 11(22), 367–388. https://doi.org/10.15388/OMEE.2020.11.38
Sholichah, M., Jihadi, M., Widagdo, B., Mardiani, N., Nurjanah, D., & Aulia, Y. (2021). The Effect of RGEC and EPS on Stock Prices : Evidence from Commercial Banks in Indonesia. Journal of Asian Finance, Economict and Business, 8(8), hlm.67-74. https://doi.org/10.13106/jafeb.2021.vol8.no8.0067
Shrotriya, V. (2019). Analysis of Assets Turnover Ratios of Maruti Suzuki India Limited. 22(4), 4042–4053.
Sihaloho, J., & Rochyadi, A. P. (2021). The Influence of PER, EPS, PBV on Stock Price and Firm Size as Mediators in Food and Beverage Sub-Sector Manufacturing Companies Listed on The Indonesia Stock Exchange 2015-2020. International Journal of Economics, Business and Accounting Research (IJEBAR), 5(4), 432–446.
Simatupang, J., & Sari, E. P. (2021). Effect of Working Capital, Asset Turnover and Sales Growth Limited Return on Assets on Food and Beverage Industry. International Journal of Business Economics (IJBE), 2(2), 143–154. https://doi.org/10.30596/ijbe.v2i2.6655
Siregar, Q. R., & Harahap, D. D. (2021). Influence Current Ratio, Debt to Equity Ratio and Total Asset Turnover on Return on Equity in the Transportation Sector Industry. International Journal of Business Economics (IJBE), 2(2), 99–112. https://doi.org/10.30596/ijbe.v2i2.6644
Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics, 87(3). https://doi.org/10.2307/1882010
Sunaryo, D. (2020). The The Effect of Profitability (Return on Investment) and Financial Risk Against Stock Price Before Covide-19. International Journal of Science, Technology & Management, 1(2), 87–99. https://doi.org/10.46729/ijstm.v1i2.19
Supeno, B. (2020). Competitive Environment Analysis Through Finance Fundamentals Analysis: LQ45 stock prices on the Indonesia stock exchange. IOP Conference Series: Earth and Environmental Science, 469(1). https://doi.org/10.1088/1755-1315/469/1/012074
Sutrisno. (2000). Manajemen Keuangan: Teori, Konsep, dan Aplikasi. Ekonisia.
Tandelilin, E. (2001). Analisis Investasi dan manajemen Portofolio (Pertama). BPFE.
Ullah, K., & Bagh, T. (2019). The Relationship Between Profitability and Stock Prices: Evidence from the Saudi Banking Sector. 10(14), 91–101. https://doi.org/10.7176/RJFA
Utami, M. R., & Darmawan, A. (2019). Effect of DER, ROA, ROE, EPS and MVA on Stock Prices in Sharia Indonesian Stock Index. Journal of Applied Accounting and Taxation, 4(1), 15–22. https://doi.org/10.30871/jaat.v4i1.1195
Weston, J. F., & Brigham, E. F. (1993). Managerial Finance. Erlangga, Jakarta.
Weston, J. F., & Copeland, T. E. (1992). Managerial Finance. The Dryden Press International Edition.
Wiliem, E., & Widiyanto, G. (2022). The Influence of DER, RTO, CR, TATO, and EPSon Stock Prices in Wholesale Sub Sector Companies. 20(1), 105–123.
Yuliani, R., Saudi, M. H., & Sinaga, O. (2021). The Fundamental Impact On Mining Share Price On Indonesia Stock Exchange. Turkish Journal of Computer and Mathematics Education, 12(8), 805–810. https://www.scopus.com/inward/record.uri?eid=2-s2.0-85104843523&partnerID=40&md5=382e18ea8411d325c3cb2129df66b573
Zulher, & Ratnasih, C. (2019). Determinants of Manufacturing Company Stock Prices. Indonesian Journal of Educational Review, 6(2), 54–62.
Published
2023-07-03
How to Cite
Fabiola, N., & Hermanto, H. (2023). PENGARUH PERPUTARAN ASET DAN EARNING PER SHARE TERHADAP HARGA SAHAM DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 7(2), 1052-1069. https://doi.org/10.31955/mea.v7i2.3057
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