Determinant Harga Saham Perusahaan Sektor Pertambangan di Bursa Efek Indonesia
DOI:
https://doi.org/10.26740/bisma.v10n2.p117-133Keywords:
stock price, debt ratio, size, earnings per share, dividend policy, and money supplyAbstract
The purpose of this research is to analyze the influence of debt ratio, size, earnings per share, dividend policy, and money supply to stock price in mining Sector Company listed in Indonesia stock exchange period 2011-2015. This research uses the type of causality research and the data used is secondary data. Sampling technique by purposive sampling and obtained by eight companies as research object. The analysis method used is multiple linear regression analysis. The results show the debt ratio, size, earnings per share, dividend payout ratio, and dividend yield effect on stock prices of mining companies. While the money supply does not affect to stock price of mining companies. The recommendation of this research is that company need to consider debt ratio, size, earnings per share, dividend payout ratio and dividend yield in making company policy, because can affect stock price movement of company and become an alternative investment decision-making for investors.
References
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Samsul, M. (2006). Pasar Modal dan Manajemen portofolio. Jakarta: Erlangga
Sharif, I., Ali, A. and Jan, F. A. (2015). Effect of Dividend Policy on Stock Prices. Journal of Management. Vol. 6(1) : 55-85
Sukhija, S. (2014). A Study regarding Analyzing Recessionary Impact on Fundamental Determinants of Stock Prices in India share market. European Journal of Business and Management. Vol..6 (4) : 161-168
Soda, E. (2016). PwC : Tahun 2015 Sebagai Tahun Terburuk Bagi Sektor Pertambangan, (Online), (www.tambang.co.id/pwc tahun-2015-sebagai tahun terburuk-bagi-sektor-pertambangan-12692, (diakses pada tanggal 30 Maret 2017).
Viandita, T. O., Suhadak. Dan Husaini, A. (2013). Pengaruh Debt Ratio, Price to Earning Ratio, Earning Per Share dan Size Terhadap Harga Saham:Studi pada Perusahaan Industri Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Administrasi Bisnis. Vol. 1(2) : 113 -121
Warrad, L. (2016). The Analysis of Capital Structure and Performance on the Jordanian Banks Share Price European Journal of Business and Management. Vol. 8 (20): 113-118
Akbar, M., Ali, S. and Khan, M. F. (2012). The relationship of stock prices and macroeconomic variables revisited: Evidence from Karachi stock exchange Journal of Business Management. Vol. 6(4) 1315-1322
Anastassia dan Firnanti, F.(2014). Faktor-Faktor Yang Mempengaruhi Vol.atilitas Harga Saham Pada Perusahaan Publik NonKeuangan. Jurnal Bisnis dan Akuntansi. Vol. 16(2) : 95-102
Aveh, F. K. and Vitor, A. D. (2017). Firm-specific determinants of stock prices in an emerging capital market: Evidence from Ghana Stock Exchange. Journal Economics and Finance. Vol. 5(1) : 1-11
Azizah, S. (2016). Pengaruh faktor internal dan eksternal perusahaan terhadap nilai perusahaan pada perusahaan manufaktur. Jurnal Ilmu dan Riset Akuntansi. Vol. 5(10) : 1 20
Barakat, A. (2014). The Impact of Financial Structure, Financial Leverage and Profitability on Industrial Companies Shares Value: Applied Study on a Sample of Saudi Industrial Companies. Journal of Finance and Accounting. Vol. 5(1) : 55-66
Bosupeng, M. (2014). Sensitivity Of Stock Prices To Money Supply Dynamics. International Journal of Novel Research in Marketing Management and Economics. Vol. 1, Iss 1, : 58-65
Brigham, E. F. dan Houston, J. F.(2011). Dasar-dasar Manajemen Keuangan. Jakarta: Salemba Empat.
Buigut, K., Soi, N., Koskei, I. and Kibet, J. (2013). The Effect of Capital Structure on Share Price On Listed Firms In Kenya: A Case of Energy Listed Firms. European Journal of Business and Management. Vol. 5(9) : 29-34
Fahmi, Irham. (2015). Manajemen investasi: Teori dan Soal Jawab. Edisi kedua. Jakarta: Salemba Empat
Ghauri, S. M. K. (2014). Determinants of changes in share prices in banking sector of Pakistan. Journal of Economic and Administrative Sciences. Vol. 30(2) : 121-130
Gunarso, P. (2014). Laba Akuntansi, Leverage dan Ukuran Perusahaan Terhadap Harga Saham Di Bursa Efek Indonesia. Jurnal Keuangan dan Perbankan. Vol. 18(1) : 63-71
Hadi, N. 2013 Pasar Modal: Acuan Teoritis dan Praktis Investasi di Instrumen Keuangan Pasar Modal. Edisi Pertama. Graha Ilmu: Yogyakarta
Herlambang, Sugiarto dan Baskara Said Kalana. 2001. Ekonomi Makro: Teori Analisis dan Kebijakan. Jakarta: Gramedia Pustaka Utama.
Hunjra, A. I., Ijaz, M. S., Chani, M. I., Hassan, S. U. and Mustafa, U. (2014). Impact of Dividend Policy, Earning per Share, Return on Equity, Profit after Tax on Stock Prices. International Journal of Economics and Empirical Research. Vol. 2(3): 109-115.
Hussainey, K., Mgbame, C. O. and Chijoke-Mgbame, A. M. (2011). Dividend policy and share price Vol.atility: UK evidence. The Journal of Risk Finance. Vol. 12(1) : 57-68
Khan, A. (2014). How Does Stock Prices Respond to Various Macroeconomic Factors?: A Case Study of Pakistan. Journal of Management. Vol. 4(1) : 75-95
Khan, K. I. (2012). Effect of Dividends on Stock Prices: A Case of Chemical and Pharmaceutical Industry of Pakistan. Journal on Business Management. Vol 2(5) : 141-148
Kodrat, D. S. dan Indonanjaya, K. (2010). Manajemen Investasi: Pendekatan teknikal dan fundamental untuk analisis saham. Yogyakarta: Graha Ilmu
Kusuma, I Putu M. E. dan Badjra, I. B. (2016). Pengaruh Inflasi, JUB, Nilai Kurs Dollar Dan Pertumbuhan GDP Terhadap IHSG Di Bursa Efek Indonesia. E Jurnal Manajemen Unud. Vol. 5(3) : 1829-1858
Masum, Al Abdullan. (2014). Dividend Policy at Its Impact on Stock Price A study on Commercial Bank Listed in Dhaka Stock Exchange. Journal of Global Disclosure of Economics and Business. Vol. 3 ( 1) : 9-17
Murhadi, W. R. (2015). Analisis Laporan Keuangan Proyeksi dan Valuasi Saham. Jakarta: Salemba Empat.
Naresh, K Malhotra. 2010. Marketing Research : An Applied Orientation Edisi 6. USA: Pearson Education.
Nuel, Y. (2015). Pengaruh Rasio Likuiditas, Solvabilitas dan Profitabilitas terhadap Harga Saham Perusahaan Sub Sektor Perkebunan Kelapa Sawit di Bursa Efek Indonesia. E-Journal Administrasi Bisnis. Vol. 3(4) : 806 820
Riyanto, B. (2008). Dasar-dasar Pembelanjaan Perusahaan. Yogyakarta: Penerbit GPFE
Sartono, R. A. (2010). Manajemen keuangan: Teori dan Aplikasi. Edisi keempat. Yogyakarta: BPFE
Samsul, M. (2006). Pasar Modal dan Manajemen portofolio. Jakarta: Erlangga
Sharif, I., Ali, A. and Jan, F. A. (2015). Effect of Dividend Policy on Stock Prices. Journal of Management. Vol. 6(1) : 55-85
Sukhija, S. (2014). A Study regarding Analyzing Recessionary Impact on Fundamental Determinants of Stock Prices in India share market. European Journal of Business and Management. Vol..6 (4) : 161-168
Soda, E. (2016). PwC : Tahun 2015 Sebagai Tahun Terburuk Bagi Sektor Pertambangan, (Online), (www.tambang.co.id/pwc tahun-2015-sebagai tahun terburuk-bagi-sektor-pertambangan-12692, (diakses pada tanggal 30 Maret 2017).
Viandita, T. O., Suhadak. Dan Husaini, A. (2013). Pengaruh Debt Ratio, Price to Earning Ratio, Earning Per Share dan Size Terhadap Harga Saham:Studi pada Perusahaan Industri Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Administrasi Bisnis. Vol. 1(2) : 113 -121
Warrad, L. (2016). The Analysis of Capital Structure and Performance on the Jordanian Banks Share Price European Journal of Business and Management. Vol. 8 (20): 113-118
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Published
2018-04-20
How to Cite
Hidayat, A. N., & Isbanah, Y. (2018). Determinant Harga Saham Perusahaan Sektor Pertambangan di Bursa Efek Indonesia. BISMA (Bisnis Dan Manajemen), 10(2), 117–133. https://doi.org/10.26740/bisma.v10n2.p117-133
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