The Asia Pacific Journal Of Management Studies
Vol 6 No 3 (2019)

PENGARUH EARNING PER SHARE, DEBT TO ASSET RATIO, DEBT TO EQUITY RATIO DAN RETURN ON EQUITY TERHADAP PRICE TO BOOK VALUE

Furniawan Furniawan (STIE La Tansa Mashiro, Rangkasbitung)



Article Info

Publish Date
15 Dec 2019

Abstract

This research is motivated by the problem of price to book value which is one of the ratios in assessing the sustainability of the company with the aim to find out how independent variables such as earnings per share, debt to asset ratio, debt to equity ratio and return on equity affect the price to book value LQ 45 index companies listed on the Indonesia Stock Exchange.The method used in this study is a quantitative research method with a descriptive approach, while the population in this study are all companies incorporated in the LQ 45 index with a sample of 40 companies after adjusting for sampling criteria.Together the earning per share variable, debt to asset ratio, debt to equity ratio and return on equity ratio to price to book value have Asymp values. Sig. (2-tailed) of 0.881 shows the results (0.881> 0.05) meaning that the data is in Normal distribution. Based on testing the correlation between the variables X and Y simultaneously obtained the r value of 0.974. Contributions made by the four independent variables to the dependent variable obtained R2 by 95% while the remaining 5% is influenced by other factors. Based on the results of simultaneous testing using the F test produces a Fcount value of 164.666 with a significance value of 0,000 where 0,000 <0.05 means the results are significant. While the Ftable value of 2.63 means that Fcount> Ftable, then Ho is rejected. This means that simultaneously there is a significant influence between earnings per share, debt to asset ratio, debt to equity ratio and return on equity to the price to book value ratio.

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Journal Info

Abbrev

APJMS

Publisher

Subject

Economics, Econometrics & Finance

Description

"The Asia Pacific of Management Studies or APJMS" is intended to serve the reader with relevant field of study, with the dissemination of research results, and covers all disciplines related to the study of every aspect of accounting and business (economics). The Asia Pacific of Management Studies ...