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Journal : Economos : Jurnal Ekonomi dan Bisnis

The Effect of Earnings Per Share (EPS) and Debt To Equity Ratio (DER) On Stock Returns In The Consumer Goods Industry Sector on The Indonesia Stock Exchange Zulkifli Setiok; Suriyanti; Arifin Sugianto; Zahrah Mukhtar; Sitti Zalsamalah; Rama Patawari
Economos : Jurnal Ekonomi dan Bisnis Vol. 7 No. 3 (2024): ECONOMOS : Jurnal Ekonomi dan Bisnis
Publisher : Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Parepare

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31850/economos.v7i3.3059

Abstract

The capital market serves as a platform for investors to allocate their capital, one of which is through stocks. This study aims to analyze the effect of Earnings Per Share (EPS) and Debt Equity Ratio (DER) on stock prices. The study utilizes secondary data, specifically the Annual Reports of Consumer Goods Industry Sector companies listed on the Indonesia Stock Exchange for the 2020–2023 period, obtained from the website www.idx.co.id. Respondent sampling was conducted using purposive sampling. The data analysis method employs a multiple linear regression analysis with a quantitative approach using a specialized application. The findings of this study reveal that: (1) Hypothesis testing results indicate that the earnings per share variable has a positive and significant effect on stock returns. (2) Hypothesis testing results also show that the debt equity ratio variable has a positive and significant effect on stock returns. This indicates that a higher debt-to-equity ratio impacts the increase in stock returns for consumer goods industry companies.
Co-Authors Abd Muis Abd. Malik Adha, Ridha Nurul Agustriyana Ahmad, Akstar Roskiana Alvianti Agustin Alwany, Taufan Amalia Rosyada amelia, Fannisya AMINAH Amir Andi Fajril Andini Andriar Makahrun Anggrawati Wulandri Arifin Sugianto Asdar, Muh. Asep Wijaya Asty Pawellangi, Andi Lutvia Ayi Nurpadilah, Ayi Nurpadilah Basri Modding Bijaang, Djamaluddin Budiandriani, Budiandriani Chamim Ihwanudin chandra H, Desy Daheri, Mirzon Darmawaty Devinta Alya Maharani Fahlevi Faesa, Muhammad Farhan Fauziah, Hesti Febby Ananda Fitriyani S, Asyah Tri Ganoko, Marwan Ahmad Gebby Ritta Antika Hamsinah Hamzah Fauzi Hasan, Diana Sukmawati Hasan, Dina Nurmala Herlina Husain, Amiruddin Ilhamjaya Patellongi Indah Lestari, Indah Indra Permana, Indra Kamase, Jeni karunia, Erick Kurnia Kurniandhany, Amil Try M Gusti Palwa Mahfudnurnajamuddin Mansyur Arif Maulana, Donny Miftah Nurasyhari Moh Khozinatul Asror Mohammad Yazdi Pusadan Muchammad Al Fatih Muhammad Fachrul Nadila Azahra Putri, Liviana Nawangsih, Ismasari Nico Euduard Dhani Sutanto Nugroho, Arief Teguh Nur Alam Nurwahyuni Ocshe Zefanya Ponto Octaviani, Lidiyana Tasya Plyriadi, Annas Primaraga Sumantri Indra Wicaksana Pupung Purnamasari Putri Maharani, Nanda Putri Rudi, Nabila Dwi Rahmad Solling Hamid Rama Patawari Ramlawati Ramlawaty Ratna Dewi Reki Tri Andriani Riefky Dj Al Idrus Riska Eka Putri Bachtiar Rismawati Ruland Pakasi Rusli Sari H, Nurmila Sari Handayani Pusadan sarwo edy Sellina, Sesri Serlin serang Setyawan, Wisnu Shafitri, Windi Shalahuddin Sifa Fauziah, Sifa Sitti Zalsamalah Sri Hartati Sunardy Syahid Surya, M Rahmini Syahnur, Muh. Haerdiansyah Taufan, Rezky Ratnasari Tenrisau, Muhammad Akhsan Vicky Sugiarto Virsa Handayani WAHYUDI Wanto, Deri Wicaksana, Primaraga Sumantri Indra Yurika Nur Annisa Zahrah Mukhtar Zakiani Sakka Zulkifli Setiok