Analysis of Financial Performance on Stock Price with Price Earning Ratio as a Moderation Variable (Case Study of Tourism and Hospitality Industries)

Alethia Veritas Nico Artanto

Abstract


This research wants to re-examine Return On Equity, Earning Per Share and Current Ratio, which affect stock prices with the Price Earning Ratio as a Moderating Variable by observing tourism companies, hotels and restaurants listed on the Indonesia Stock Exchange in the 2018 – 2020 period. This research method uses a type of inferential quantitative research. The results of this study show that Return On Equity (ROE) does not contribute to changes in share prices of tourism companies, hotels and restaurants listed on the Indonesia Stock Exchange for 2018 – 2020. The current Ratio (CR) does not contribute to changes in share prices of tourism companies, hotels and restaurants listed on the Indonesia Stock Exchange for the 2018 – 2020 period. Earning Per Share (EPS) contributes to changes in the share prices of tourism companies, hotels and restaurants listed on the Indonesia Stock Exchange for 2018 – 2020. The Price Earning Ratio (PER) is not a moderate Return On Equity (ROE) to changes in share prices of tourism companies, hotels and restaurants listed on the Indonesia Stock Exchange for 2018 – 2020. Price Earning Ratio (PER) cannot moderate Current Ratio (CR) to changes in share prices of tourism companies, hotels and restaurants listed on the Indonesia Stock Exchange for 2018 – 2020. The Price Earning Ratio (PER) cannot moderate Earning Per Share (EPS) on changes in share prices of tourism companies, hotels and restaurants listed on the Indonesia Stock Exchange for 2018 – 2020.

Full Text:

Download PDF

References


Batubara, H. C., & Purnama, N. I. (2018). Pengaruh Current Ratio, Return on equity terhadap harga saham pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Jurnal Riset Finansial Bisnis, 2(2), 61–70.

Beliani, M. M. I., & Budiantara, M. (2015). PENGARUH PRICE EARNING RATIO DAN PRICE TO BOOK VALUE TEHADAP HARGA SAHAM PERUSAHAAN ASURANSI YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2009-2012. JRAMB, Prodi Akuntansi, Fakultas Ekonomi, UMB Yogyakarta, 1(1), 76–86.

Ekawati, S., & Yuniati, T. (2020). Pengaruh ROA, ROE, dan EPS terhadap harga saham pada perusahaan transportasi. Jurnal Ilmu Dan Riset Manajemen (JIRM), 9(3).

Gitman, L. J. (2000). Principles of Managerial Finance, 10th Edition. SanDiego State University.

Hantono. (2018). Konsep Analisa Laporan Keuangan Dengan Pendekatan Rasio Dan SPSS. Deepublish.

Kasmir. (2019). Analisis Laporan Keuangan. Rajawali Pers PT Rajagrafindo Persada.

Lestari, M. (2018). Pengaruh variabel Earnings Per Share (EPS) dan Debt To Equity Raio (DER) terhadap harga saham, efek Price Earnings Ratio (PER). Indonesia Banking School.

Lukman, S. (2009). Manajemen keuangan perusahaan konsep aplikasi dalam : perencanaan, pengawasan, dan pengambilan keputusan. Rajawali Pers.

Prihadi, T. (2019). Analisis Laporan Keuangan : Konsep & Aplikasi. PT Gramedia Pustaka Utama.

R.G. Soekadijo. (1996). Anatomi pariwisata : memahami pariwisata sebagai “system linkage.” Gramedia Pustaka Utama.

Sari, A. N., Suharti, T., & Nurhayati, I. (2020). Pengaruh Roa, Roe Dan Eps Terhadap Harga Saham Pada Perusahaan. Manager : Jurnal Ilmu Manajemen, 3(1), 59. https://doi.org/10.32832/manager.v3i1.3834

Sartono, A. (2019). Analisis Laporan Keuangan Konsep dan Aplikasi. PT Gramedia Pustaka Utama.

Setiyawan, I., & Pardiman, P. (2014). PENGARUH CURRENT RATIO, INVENTORY TURNOVER, TIME INTEREST EARNED DAN RETURN ON EQUITY TERHADAP HARGA SAHAM PADA PERUSAHAAN MANUFAKTUR SEKTOR BARANG KONSUMSI YANG TERDAFTAR DI BEI PERIODE 2009-2012. Nominal, Barometer Riset Akuntansi Dan Manajemen, 3(1). https://doi.org/10.21831/nominal.v3i1.2152

Sitio, D., Ar, M. D., & Husaini, A. (2013). Pengaruh variable fundamental terhadap harga saham (studi pada perusahaan hotel dan pariwisata pada Bursa Efek Indonesia periode 2009 – 2011). Jurnal Administrasi Bisnis (JAB)|, 1(2), 241–249. https://doi.org/10.18860/iq.v4i2.289

Sugiyono. (2012). Metode penelitian kuantitatif kualitatif dan R&D. Alfabeta.

Tandelilin, E. (2010). Portofolio dan Investasi Teori dan Aplikasi. Edisi Pertama. Kanisius.

TRIANA, R. A. (2012). PENGARUH EPS, ROI, NPM DAN DER TERHADAP HARGA SAHAM DENGAN PER SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA. Universitas Diponegoro.

Valintino, R., & Sularto, L. (2013). PENGARUH RETURN ON ASSET (ROA), CURRENT RATIO (CR), RETURN ON EQUITY (ROE), DEBT TO EQUITY RATIO (DER), DAN EARNING PER SHARE (EPS) TERHADAP HARGA SAHAM PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI BARANG KONSUMSI DI BEI. Proceeding PESAT (Psikologi, Ekonomi, Sastra, Arsitektur & Teknik Sipil), 5, 675–706. https://doi.org/10.1002/9781119005353.ch21

Yuliati, A. (2021). ANALISIS HARGA SAHAMDENGAN PRICE EARNING RATIO (PER) SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN FOOD AND BEVERAGE. Repository Jurnal UPN JATIM, 113=122. https://doi.org/10.1088/1751-8113/44/8/085201

Yuliawati, Y., & Darmawan, D. (2019). Rasio Keuangan dan Pengaruhnya Terhadap Harga Saham Syariah dengan Price Earning Ratio Sebagai Variabel Moderasi. Al-Tijary, 4(2), 109–124. https://doi.org/10.21093/at.v4i2.1396




DOI: https://doi.org/10.37531/sejaman.v6i2.5098

Refbacks

  • There are currently no refbacks.


Flag Counter

Creative Commons License

S E I K O : Journal of Management & Business is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
 
© All rights reserved 2018. S E I K O : Journal of Management & Business - ISSN (Print) : 2598-831X, ISSN (Online) : 2598-8301.
 

Web Analytics