THE EFFECT OF CURRENT RATIO (CR), DEBT TO EQUITY RATIO (DER), AND EARNING PER SHARE (EPS) ON SHARE PRICES WITH RETURNING ASSETS AS A MODERATED VARIABLES

Sunaryo, Deni

International Journal of Economics, Management, Business, and Social Science
Vol. 1 No. 1 (2021): January 2021

This study aims to determine how much influence Current Ratio (CR), Debt to Equity Ratio (DER) and Earning Per Share (EPS) on stock prices and moderated by Return On Asset (ROA). The population in this study were 30 companies in the food and beverage sub-sector listed on the Southeast Asian Stock Exchange for the period 2012-2019. The method used is purposive sampling so that 19 companies that present complete financial reports according to the variables studied and obtained as many as 152 company samples. The analysis techniques used are multiple regression analysis and Moderated Regression Analysis (MRA). The results showed that CR and EPS partially had a positive effect on stock prices while DER partially had no significant effect on stock prices and simultaneously CR, DER, EPS had an effect on stock prices. The moderation test shows that ROA in this study is not proven to moderate the relationship of the independent variables (CR, DER and EPS) to the dependent variable (Stock Price).