Jurnal Akuntansi dan Sistem Informasi
Vol. 1 No. 3 (2026): Edisi: April-Juni

Stock Prices: Exploring the Effects of the Debt-to-Equity Ratio and Earnings Per Share

Suryana, Asep (Unknown)
Susetyo, Dwinanto Priyo (Unknown)
Rifa'i, Asep Achmad (Unknown)



Article Info

Publish Date
20 May 2026

Abstract

This study examines the effect of debt-to-equity ratio (DER) and earnings per share (EPS) on stock prices in a company listed on the Indonesia Stock Exchange (IDX). The research applies a quantitative approach using secondary data from verified quarterly financial reports over eight years, consisting of 32 observation periods selected through purposive sampling. Data analysis includes classical assumption tests, correlation tests, and predictive power evaluation based on the R² model using EViews v.14. Hypothesis testing employs t-statistics and F-statistics at a significance level of 0.05. The findings reveal that DER negatively affects stock prices, while EPS has a positive and significant effect. Simultaneously, DER and EPS positively and significantly influence stock prices with moderate predictive power. These results indicate that the combination of DER and EPS reflects profit growth and effective risk management, which may enhance investor confidence and support stock price increases.

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Journal Info

Abbrev

jasi

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Jurnal Akuntansi dan Sistem Informasi (JASI) merupakan jurnal ilmiah yang mempublikasikan hasil penelitian empiris dan kajian konseptual di bidang akuntansi, sistem informasi, serta integrasi teknologi dalam praktik bisnis dan organisasi. Jurnal ini bertujuan menjadi wadah diseminasi pengetahuan ...