Journal of Business Economics and Management
Vol. 2 No. 3 (2026): Januari - Maret

Pengaruh ROE dan DER terhadap Harga Saham melalui EPS sebagai Variabel Intervening Pada Sektor Energi yang Terdaftar di BEI 2020-2024

Ningrum, Rina Sulistia (Unknown)



Article Info

Publish Date
11 Feb 2026

Abstract

This study aims to determine the effect of ROE and DER on Stock Price with EPS as an intervening variable in the energy sector listed on the Indonesia Stock Exchange (IDX) for the period 2020-2024. The population in this study uses the energy sector listed on the Indonesia Stock Exchange for the period 2020-2024 using the Purpose Sampling method. The analysis method in this study is multiple linear regression analysis. The results of this study determine that ROE partially affects EPS. DER partially has a negative effect on EPS. ROE and DER have a combined effect on EPS. ROE partially affects Stock Price. DER partially does not affect Stock Price. EPS partially affects Stock Price. ROE, DER, and EPS have a combined effect on Stock Price. Earnings Per Share can mediate the effect of ROE on Stock Price. Earnings Per Share cannot mediate the effect of DER on Stock Price in the energy sector listed on the Indonesia Stock Exchange for the period 2020-2024.

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Journal Info

Abbrev

jbem

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Business Economics and Management (E-ISSN : 3063-8968) published by Global Sciences Publishers. The Journal of Business Economics and Management provides a forum for Students and Lecturers to explore issues and reflect on quantitative research. Journal of Business Economics and Management ...