Al Dzahab
Vol. 5 No. 1 (2024): Al Dzahab: Journal of Economics, Management, Business and Accounting

THE EFFECT OF ROA, ROE, AND EPS ON STOCK PRICES OF COMPANIES REGISTERED ON JII FOR THE 2018-2021

Putri, Ema Santika (Unknown)
Usdeldi, Usdeldi (Unknown)
Rahma, Sri (Unknown)



Article Info

Publish Date
14 Mar 2024

Abstract

Purpose: This study aims to analyse the effect of Return On Assets, Return on Equity, and Earnings Per Share on stock prices in companies listed on JII for 2018-2021. Desain/Methodology/Approach: The authors use quantitative research to obtain data by accessing the company's financial statements. The samples used in this study were 12 companies registered on JII for the 2014-2018 period, passing through the purposive sampling stage according to the criteria needed for the study. The data analysis method used in this study is panel data regression techniques. Findings: The research results show that Return On Assets (ROA) has an effect on stock prices in a positive direction, Return on Equity (ROE) has an effect on stock prices in a negative direction, and Earning Per Share (EPS) affects stock prices in a negative direction. ROA, ROE, and EPS affect stock prices at 96.44%, while other variables outside the research explain the remaining 3.56%. Research Implications: Inform investors or potential investors about the importance of analysing the company's financial statements before investing.

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Journal Info

Abbrev

al-dzahab

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Al Dzahab: Journal of Economics, Management, Business and Accounting focus on economic research, the issues include the development of economics, management and business, accounting, and economic knowledge that focus on management and business, economic development, accounting, state owned ...