Pengaruh Return on Assets Terhadap Harga Saham Studi Pada Perusahaan Makanan Dan Minuman
DOI:
https://doi.org/10.47709/jebidi.v2i2.279Keywords:
Return On Assets, Stock Price, Food and Beverage CompaniesAbstract
Tough competition in the food and beverage industry requires innovative strategies to increase productivity and attract new capital from the capital markets. Healthy company performance will generate a lot of profit for the company, so that the company's share price will also increase and attract the interest of investors. This study aims to analyse the impact of return on assets on the share price of food and beverage companies listed on the Indonesia Stock Exchange (IDX) for the period 2019-2021. The population of this study was 19 companies in the food and beverage sector listed on the IDX for the 2019-2021 period, which were accessed from the website www.idx.co.id. Purposive sampling technique was used to determine the sample, and data from 57 companies were obtained. Simple linear regression is used in the modelling after the results of the classical assumption test show that the data are normally distributed, there is no multicollinearity problem and no heteroscedasticity. It can be concluded that this model has met the requirements of the classical assumption test in the use of multiple linear regression models. The test results show that Fcount (2.423) is less than the Ftable (3.947) and the significance is less than 0.05, it can be concluded that RoA has an effect on stock prices.
Downloads
References
Abogun, S., Adigbole, E. A., & Olorede, T. E. (2021). Income smoothing and firm value in a regulated market: the moderating effect of market risk. Asian Journal of Accounting Research, 6(3), 296–308. https://doi.org/10.1108/AJAR-08-2020-0072
Anwar, K., & Soedjatmiko. (2020). Pengaruh current ratio, return on asset dan inflasi terhadap harga saham. Dinamika Ekonomi: Jurnal Ekonomi Dan Bisnis, 13(1).
Athanasoglou, P., Brissimis, S., & Delis, M. (2008). Bank-specific, industry-specific and macroeconomic determinants of bank profitability. Journal of International Financial Markets, Institutions and Money, 18(2), 121–136. https://econpapers.repec.org/RePEc:eee:intfin:v:18:y:2008:i:2:p:121-136
Brigham, E. F., & Houston, J. F. (2019). Fundamentals Of Financial Management (15th ed.). Cengage Learning :
Darsono, & Ashari. (2006). Pedoman praktis memahami laporan keuangan : (tip bagi investor, direksi, dan pemegang saham). ANDI.
Dunham, L. M., & Grandstaff, J. L. (2022). The Value Relevance of Earnings, Book Values, and Other Accounting Information and the Role of Economic Conditions in Value Relevance: A Literature Review*. Accounting Perspectives, 21(2), 237–272. https://doi.org/10.1111/1911-3838.12280
Goddard, J., Molyneux, P., & Wilson, J. (2004). The profitability of european banks: a cross‐sectional and dynamic panel analysis. Manchester School, 72(3), 363–381. https://econpapers.repec.org/RePEc:bla:manchs:v:72:y:2004:i:3:p:363-381
Guluma, T. F. (2021). The impact of corporate governance measures on firm performance: the influences of managerial overconfidence. Future Business Journal, 7(1), 50. https://doi.org/10.1186/s43093-021-00093-6
Hutabarat and Flora, J. (2015). Exploring Factors Affecting Stock Price of Indonesia State Owned Bank Listed at Indonesia Stock Exchange. Academic Research International, 6(3), 42–52. www.journals.savap.org.pk
Junaedi, A. A., Winata, R. H., & Mutmainnah. (2021). Pengaruh Return On Asset dan Return On Equity Terhadap Harga Saham Pada PT. Unilever Indonesia Tbk Periode 2016-2020 (Sebelum dan Di Masa Pandemi COVID-19). Jurnal Ekonomi-Bisnis, 5(2), 326–337. https://doi.org/10.37339/e-bis.v5i2.665
Kementerian Koordinator Bidang Perekonomian Republik Indonesia. (2022). Meski Masih Hadapi Tantangan Pandemi, Realisasi Investasi pada Industri Makanan Minuman Terus Berlanjut. Siaran Pers. https://ekon.go.id/publikasi/detail/4515/meski-masih-hadapi-tantangan-pandemi-realisasi-investasi-pada-industri-makanan-minuman-terus-berlanjut#:~:text=Dari sisi investasi%2C sampai dengan,PMA sebesar USD684%2C98 juta.
Latifah, H. C., & Suryani, A. W. (2020). Pengaruh kebijakan dividen, kebijakan hutang, profitabilitas, dan likuiditas terhadap harga saham. Jurnal Akuntansi Aktual, 7(1), 31–44. https://doi.org/10.17977/um004v7i12020p31
Mbekomize, C. J., & Mapharing, M. (2017). Analysis of Determinants of Profitability of Commercial Banks in Botswana. International Journal of Academic Research in Accounting, Finance and Management Sciences, 7(2), 131–144. https://econpapers.repec.org/RePEc:hur:ijaraf:v:7:y:2017:i:2:p:131-144
Pane, J. K. B., Meliyani, M., Pandia, D. T. B., Sihombing, S. W., & Herosian, M. Y. (2021). Pengaruh DAR, ROA, CR terhadap harga saham di perusahaan sektor industri barang konsumsi yang terdaftar di BEI periode 2015-2019. Ecobisma, 8(2), 35–45. https://doi.org/10.36987/ecobi.v8i2.2076
Permatasari, N. D., Nurlaela, S., & Titisari, K. . (2019). Return On Assets, Return On Equity, Earning Per Share Terhadap Harga Saham Perusahaan Sektor Jasa di Bursa Efek Indonesia. Universitas Islam Batik Surakarta.
Pratiwi, R., & Endro, S. A. (2019). Pengaruh Likuiditas, Profitabilitas, Pertumbuhan Penjualan, dan Dividen Terhadap Harga Saham (Studi Empiris Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia Periode 2012-2014). Universitas Muhammadiyah Surakarta.
Purnamawati, I. G. A. (2016). The Effect of Capital Structure and Profitability on Stock Price (Study of the Manufacturing Sector in Indonesia Stock Exchange). International Hournal of Business, Economics and Law, 9(1), 10–16.
Purwanti, T. (2020). The Effect of Profitability, Capital Structure, Company Size, and Dividend Policy on Company Value on the Indonesia Stock Exchange. International Journal of Seocology, 1(2), 60–66. https://doi.org/10.29040/seocology.v1i02.9
Sari, D. I. (2021). Pengaruh ROA, ROE dan EPS Terhadap Harga Saham Perusahaan Perbankan Yang Terdaftar di BEI Periode 2016-2019. Tirtayasa Ekonomika, 16(1), 83. https://doi.org/10.35448/jte.v16i1.10251
Satryo, A. G., Rokhmania, N. A., & Diptyana, P. (2017). The influence of profitability ratio, market ratio, and solvency ratio on the share prices of companies listed on LQ 45 Index. The Indonesian Accounting Review, 6(1), 55. https://doi.org/10.14414/tiar.v6i1.853
Staikouras, C. K., & Wood, G. E. (2004). The determinants of European bank profitability. International Journal of Economics and Business Research, 3(6), 57–68.
Stout, L. A. (2012). The shareholder value myth: How putting shareholders first harms investors, corporations, and the public. Berrett-Koehler Publishers.
Sudana, I. M. (2011). Manajemen Keuangan Perusahaan Teori dan Praktek. Erlangga.
Untari, D., Suhendro, & Siddi, P. (2020). Pengaruh ROA, ROE & PBV terhadap harga saham pada perusahaan (Sub. Sektor Perbankan yang Terdaftar di BEI Tahun 2016-2019). Jurnal Investasi, 6(2), 71–76.
Warsiati, W., & Rosalina, R. R. (2019). Pengaruh capital adequacy ratio (CAR), loan to deposit ratio (LDR) dan return on assetss (ROA) terhadap harga saham (Studi Kasus Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Periode 2007-2016). Jurnal Indonesia Membangun, 18(2).
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Nyawarman Laia, Milka Rositi Sianipar
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
