Pengaruh Profitabilitas terhadap Harga Saham Perusahaan Sektor Industri Barang dan Konsumsi di BEI Tahun 2017-2020
DOI:
https://doi.org/10.26740/jim.v9n2.p794-803Keywords:
NPM, ROA, ROE, stock priceAbstract
The stock price can measure effectiveness and company worth. This research aims to affect the company's ability to profit on the stock worth in the consumer goods industry. This research population is the consumer goods industry on The Indonesian Stock Exchange (IDX) from 2017-2020. The sample's selection method uses purposive sampling. Sampling criteria are companies listed on the Indonesia Stock Exchange in the industrial sector of goods and consumption that are not delisted and provide the information needed during 2017 to 2020, respectively. The number of data is one hundred and twenty (120). Data analysis use multiple linear regression by SPSS Statistics 26 for Mac from IBM. The effect of return on equity on stock price is significant positive”return on assets and net profit margin no significant effect on stock return. Companies need ROE to attract investors. The increase in ROE will affect the increase in stock prices.
References
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Arkan, T. (2016). The Importance of Financial Ratios in Predicting Stock Price Trends: A Case Study in Emerging Markets. Zeszyty Naukowe Uniwersytetu Szczecińskiego Finanse Rynki Finansowe Ubezpieczenia, 79(1), 1326. (https://doi.org/10.18276/frfu.2016.79-01, diakses pada 24 Oktober 2020).
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Bashir, A., dan Amir, A. (2018). Profitability and Share Price: a Comparative Study Among the Textile and Cement Sector of Pakistan. Sci-Int.(Lahore), 30(2), 197201.
BPS. 2021. Produk Domestik Bruto (PDB). (https://www.bps.go.id/subject/169/produk-domestik-bruto--pengeluaran-.html, diakses pada tanggal 5 April 2021).
Brigham, E. F., dan Ehrhardt, M. C. (2017). Financial Management Theory dan Practice (kelima belas). Boston: Cengage Learning.
Brigham, E. F., dan Houston, J. F. (2011). Dasar-Dasar Manajemen Keuangan (kedua). Jakarta: Salemba Empat.
Brigham, E. F., dan Houston, J. F. (2019). Fundamentals Of Financial Management (kelima belas). Boston: Cengage Learning.
Bursa Efek Indonesia. 2018. Indeks. (https://www.idx.co.id/produk/indeks/, diakses pada 25 Maret 2021).
Cahyaningrum, Y. W., dan Antikasari, T. W. (2017). Pengaruh Earning Per Share, Price To Book Value, Return on Asset, dan Return on Equity terhadap Harga Saham Sektor Keuangan. Jurnal Economia, 13(2), 191. (https://doi.org/10.21831/economia.v13i2.13961, diakses pada 24 Oktober 2020).
Darmadji, T. (2006). Pasar Modal Indonesia. Jakarta: Salemba Empat.
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Egam, G. E. Y., Ilat, V., dan Pengerapan, S. (2017). Pengaruh Return On Asset (Roa), Return On Equity (Roe), Net Profit Margin (NPM), dan Earning Per Share (EPS) terhadap Harga Saham Perusahaan yang Tergabung dalam Indeks Lq45 Di Bursa Efek Indonesia Periode Tahun 2013-2015. Problems of a Mature Economy, 5(1), 4561. (https://doi.org/10.1007/978-1-349-15400-5_6, diakses pada 24 Oktober 2020).
Ghozali, I. (2018). Aplikasi Analisis Multivariete SPSS 25 (kesembilan). Semarang: Universitas Diponegoro.
Godfrey, J., Hodgson, A., Tarca, A., Hamilton, J., dan Holmes, S. (2010). Accounting Theory (ketujuh). Sydney: WileydanSons.
Hunjra, I. H., Shehzhad, M., Chani, M. I., Hassan, S., dan 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, 2(3), 109115.
Hutapea, A. W., Saerang, I. S., dan E., T. J. (2017). Pengaruh Return on Assets, Net Profit Margin, Debt To Equity Ratio, dan Total Assets Turnover terhadap Harga Saham Industri Otomotif dan Komponen yang Terdaftar di Bursa Efek Indonesia. Jurnal EMBA, 5(2), 541551.
Kamar, K. (2017). Analysis of the Effect of Return on Equity (ROE) and Debt to Equity Ratio (DER) on Stock Price on Cement Industry Listed In Indonesia Stock Exchange (Idx) In the Year of 2011-2015. IOSR Journal of Business and Management, 19(05), 6676. (https://doi.org/10.9790/487X-1905036676, diakses pada 24 Oktober 2020).
Karya, D., dan Syamsuddin, S. (2016). Makroekonomi Pengantar Untuk Manajemen. Jakarta: Rajawali Press.
Kasmir. (2012). Analisis Laporan Keuangan. Jakarta: PT Raja Grafindo Persada.
Mankiw, N. G. (2010). Macroeconomics (ketujuh). New York: Worth Publishers.
Moeljadi. (2006). Manajemen Keuangan Pendekatan Kuantitatif dan Kualitatif. Yogyakarta: BPFE.
Mubaroq, A., dan Afifudin, H. (2020). Faktor Internal dan Eksternal Yang Memengaruhi Pergerakan Harga Saham Perusahaan Manufaktur di Bursa Efek Indonesia Tahun 2016-2019. Jurnal Ilmiah Riset Akuntansi, 9(1), 100116.
Murniati, S. (2016). Effect Of Capital Structure, Company Size And Profitability on the Stock Price of Food And Beverage Companies Listed on the Indonesia Stock Exchange. Information Management And Business Review, 8(1), 2329.
Nino, Y., Murni, S., dan R. Tumiwa, J. (2016). Analisis Ukuran Perusahaan, Struktur Modal, Non Perfo Rming Loan (NPL), Capital Adequacy Ratio (CAR), dan Return On Equity (ROE) terhadap Harga Saham Perusahaan Perbankan Pada Indeks Lq45. Jurnal EMBA, 4(3), 717728.
Rahayu, M., dan Sari, B. (2018). Faktor-faktor yang memengaruhi nilai perusahaan. Jurnal Sosial dan Humaniora, 2(1), 6976.
Sukmawati, F., dan Garsela, I. (2016). The Effect of Return on Assets and Return on Equity to the Stock Price. Proceedings of the 2016 Global Conference on Business, Management and Entrepreneurship, 15, 5357. (https://doi.org/10.2991/gcbme-16.2016.8, diakses pada 24 Oktober 2020).
Tamuntuan, U. (2015). Analysing The Effect of Return on Equity, Return on Assets and Earnings Per Share Toward Share Prices: An Empirical Study of Food and Beverage Companies Listed On Indonesia Stock Exchange. Jurnal Berkala Ilmiah Efisiensi, 15(05), 446574. (https://media.neliti.com/media/publications/2662-EN-the-effect-of-earnings- per-share-eps-return-on-equity-roe-on-stock-price-of-bank.pdf, diakses pada 28 Maret 2021).
Vora, K. (2018). Influence of Financial Performance Indicators on Market Price of Shares of Nifty 50 Companies. International Journal of Advance Research in Computer Science and Management Studies, 6(2), 6775.
Watung, R., dan Ilat, V. (2016). Pengaruh Return on Asset (ROA), Net Profit Margin (NPM), dan Earning Per Share (EPS) terhadap Harga Saham pada Perusahaan Perbankan di Bursa Efek Indonesia Periode 2011-2015. Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 4(2), 518529. (https://doi.org/10.35794/emba.v4i2.13108, diakses pada 24 Oktober 2020).
Wiagustini, N. (2014). Manajemen Keuangan. Denpasar: Udayana University Press.
Weston, F. J., dan Brigham, E. F. (2004). Basics of Financial Management (kelima). Jakarta: Penerbit Erlangga.
Wulandari, A. I., dan Badjra, I. B. (2019). Pengaruh Profitabilitas Terhadap Harga Saham Pada Perusahaan LQ-45 di Bursa Efek Indonesia (BEI). E-Jurnal Manajemen Universitas Udayana, 8(9), 57225740. (https://doi.org/https://doi.org/10.24843/EJMUNUD.2019.v08.i09.p18, diakses pada 27 Maret 2021).
Anoraga, P., dan Pakarti, P. (2008). Pengantar Pasar Modal. Jakarta: PT. Rineka Cipta.
Anwaar, M. (2016). Impact of Firms Performance on Stock Returns (Evidence from Listed Companies of FTSE-100 Index London, UK). Global Journal of Management and Business Research, 16(1), 3139.
Arkan, T. (2016). The Importance of Financial Ratios in Predicting Stock Price Trends: A Case Study in Emerging Markets. Zeszyty Naukowe Uniwersytetu Szczecińskiego Finanse Rynki Finansowe Ubezpieczenia, 79(1), 1326. (https://doi.org/10.18276/frfu.2016.79-01, diakses pada 24 Oktober 2020).
Bahri, S. (2018). Pengaruh Kinerja Keuangan terhadap Harga Saham. JRAK: Jurnal Riset Akuntansi dan Komputerisasi Akuntansi, 9(1), 121. (https://doi.org/10.33558/jrak.v9i1.1358, diakses pada 24 Oktober 2020).
Bashir, A., dan Amir, A. (2018). Profitability and Share Price: a Comparative Study Among the Textile and Cement Sector of Pakistan. Sci-Int.(Lahore), 30(2), 197201.
BPS. 2021. Produk Domestik Bruto (PDB). (https://www.bps.go.id/subject/169/produk-domestik-bruto--pengeluaran-.html, diakses pada tanggal 5 April 2021).
Brigham, E. F., dan Ehrhardt, M. C. (2017). Financial Management Theory dan Practice (kelima belas). Boston: Cengage Learning.
Brigham, E. F., dan Houston, J. F. (2011). Dasar-Dasar Manajemen Keuangan (kedua). Jakarta: Salemba Empat.
Brigham, E. F., dan Houston, J. F. (2019). Fundamentals Of Financial Management (kelima belas). Boston: Cengage Learning.
Bursa Efek Indonesia. 2018. Indeks. (https://www.idx.co.id/produk/indeks/, diakses pada 25 Maret 2021).
Cahyaningrum, Y. W., dan Antikasari, T. W. (2017). Pengaruh Earning Per Share, Price To Book Value, Return on Asset, dan Return on Equity terhadap Harga Saham Sektor Keuangan. Jurnal Economia, 13(2), 191. (https://doi.org/10.21831/economia.v13i2.13961, diakses pada 24 Oktober 2020).
Darmadji, T. (2006). Pasar Modal Indonesia. Jakarta: Salemba Empat.
Darnita, E. (2012). Analisis Pengaruh Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM) dan Earning Per Share (EPS) Terhadap Harga Saham (Studi Pada Perusahaan Food Dan Beverages Yang Terdaftar Di Bursa Efek Indonesia (BEI) Pada Tahun 2008-2012). Jurnal Ekonomi dan Bisnis, 1(2), 8187.
DetikFinance. (2017). Ditopang Sektor Makanan, Industri Makanan Tumbuh 5,51%. (https://finance.detik.com/berita-ekonomi-bisnis/d-3709189/ditopang-sektor-makanan-industri-manufaktur-tumbuh-551, diakses pada 22 April 2021)
Egam, G. E. Y., Ilat, V., dan Pengerapan, S. (2017). Pengaruh Return On Asset (Roa), Return On Equity (Roe), Net Profit Margin (NPM), dan Earning Per Share (EPS) terhadap Harga Saham Perusahaan yang Tergabung dalam Indeks Lq45 Di Bursa Efek Indonesia Periode Tahun 2013-2015. Problems of a Mature Economy, 5(1), 4561. (https://doi.org/10.1007/978-1-349-15400-5_6, diakses pada 24 Oktober 2020).
Ghozali, I. (2018). Aplikasi Analisis Multivariete SPSS 25 (kesembilan). Semarang: Universitas Diponegoro.
Godfrey, J., Hodgson, A., Tarca, A., Hamilton, J., dan Holmes, S. (2010). Accounting Theory (ketujuh). Sydney: WileydanSons.
Hunjra, I. H., Shehzhad, M., Chani, M. I., Hassan, S., dan 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, 2(3), 109115.
Hutapea, A. W., Saerang, I. S., dan E., T. J. (2017). Pengaruh Return on Assets, Net Profit Margin, Debt To Equity Ratio, dan Total Assets Turnover terhadap Harga Saham Industri Otomotif dan Komponen yang Terdaftar di Bursa Efek Indonesia. Jurnal EMBA, 5(2), 541551.
Kamar, K. (2017). Analysis of the Effect of Return on Equity (ROE) and Debt to Equity Ratio (DER) on Stock Price on Cement Industry Listed In Indonesia Stock Exchange (Idx) In the Year of 2011-2015. IOSR Journal of Business and Management, 19(05), 6676. (https://doi.org/10.9790/487X-1905036676, diakses pada 24 Oktober 2020).
Karya, D., dan Syamsuddin, S. (2016). Makroekonomi Pengantar Untuk Manajemen. Jakarta: Rajawali Press.
Kasmir. (2012). Analisis Laporan Keuangan. Jakarta: PT Raja Grafindo Persada.
Mankiw, N. G. (2010). Macroeconomics (ketujuh). New York: Worth Publishers.
Moeljadi. (2006). Manajemen Keuangan Pendekatan Kuantitatif dan Kualitatif. Yogyakarta: BPFE.
Mubaroq, A., dan Afifudin, H. (2020). Faktor Internal dan Eksternal Yang Memengaruhi Pergerakan Harga Saham Perusahaan Manufaktur di Bursa Efek Indonesia Tahun 2016-2019. Jurnal Ilmiah Riset Akuntansi, 9(1), 100116.
Murniati, S. (2016). Effect Of Capital Structure, Company Size And Profitability on the Stock Price of Food And Beverage Companies Listed on the Indonesia Stock Exchange. Information Management And Business Review, 8(1), 2329.
Nino, Y., Murni, S., dan R. Tumiwa, J. (2016). Analisis Ukuran Perusahaan, Struktur Modal, Non Perfo Rming Loan (NPL), Capital Adequacy Ratio (CAR), dan Return On Equity (ROE) terhadap Harga Saham Perusahaan Perbankan Pada Indeks Lq45. Jurnal EMBA, 4(3), 717728.
Rahayu, M., dan Sari, B. (2018). Faktor-faktor yang memengaruhi nilai perusahaan. Jurnal Sosial dan Humaniora, 2(1), 6976.
Sukmawati, F., dan Garsela, I. (2016). The Effect of Return on Assets and Return on Equity to the Stock Price. Proceedings of the 2016 Global Conference on Business, Management and Entrepreneurship, 15, 5357. (https://doi.org/10.2991/gcbme-16.2016.8, diakses pada 24 Oktober 2020).
Tamuntuan, U. (2015). Analysing The Effect of Return on Equity, Return on Assets and Earnings Per Share Toward Share Prices: An Empirical Study of Food and Beverage Companies Listed On Indonesia Stock Exchange. Jurnal Berkala Ilmiah Efisiensi, 15(05), 446574. (https://media.neliti.com/media/publications/2662-EN-the-effect-of-earnings- per-share-eps-return-on-equity-roe-on-stock-price-of-bank.pdf, diakses pada 28 Maret 2021).
Vora, K. (2018). Influence of Financial Performance Indicators on Market Price of Shares of Nifty 50 Companies. International Journal of Advance Research in Computer Science and Management Studies, 6(2), 6775.
Watung, R., dan Ilat, V. (2016). Pengaruh Return on Asset (ROA), Net Profit Margin (NPM), dan Earning Per Share (EPS) terhadap Harga Saham pada Perusahaan Perbankan di Bursa Efek Indonesia Periode 2011-2015. Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 4(2), 518529. (https://doi.org/10.35794/emba.v4i2.13108, diakses pada 24 Oktober 2020).
Wiagustini, N. (2014). Manajemen Keuangan. Denpasar: Udayana University Press.
Weston, F. J., dan Brigham, E. F. (2004). Basics of Financial Management (kelima). Jakarta: Penerbit Erlangga.
Wulandari, A. I., dan Badjra, I. B. (2019). Pengaruh Profitabilitas Terhadap Harga Saham Pada Perusahaan LQ-45 di Bursa Efek Indonesia (BEI). E-Jurnal Manajemen Universitas Udayana, 8(9), 57225740. (https://doi.org/https://doi.org/10.24843/EJMUNUD.2019.v08.i09.p18, diakses pada 27 Maret 2021).
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2021-06-30
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Hisbullah, M. R. (2021). Pengaruh Profitabilitas terhadap Harga Saham Perusahaan Sektor Industri Barang dan Konsumsi di BEI Tahun 2017-2020. Jurnal Ilmu Manajemen, 9(2), 794–803. https://doi.org/10.26740/jim.v9n2.p794-803
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