ANALISIS PENGARUH CRUDE OIL PRICE, EARNING PER SHARE, PRICE TO BOOK VALUE, RETURN ON ASSETS DAN DEBT TO EQUITY RATIO TERHADAP HARGA SAHAM PERUSAHAAN BATUBARA YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2012–2016
Abstract: The aim of this research
to analyze the relationship between crude oil price, earning per share, price
to book value, return on assets and debt to equity ratio toward stock price.
Case study on Coal Mining Company listed in Indonesia Stock Exchange in period
2012-2016. Research population used are Coal Mining Company that listed in
Indonesia Stock Exchange (BEI) in period 2012-2016. The sampling technique used
in this research is purposive sampling and 14 coal company selected as sample
of this research. Analysis used is Multiple Regression Analysis with
significance level of 5% that includes classic assumption test, F statistic
test, t statistic test and coefficient of determination test (R2). Results from
the study showed that earning per share, price to book value and return on
assets variables has positive and significant impact to stock price. Then crude
oil price ratio and debt to equity ratio has negative and not significant
effect to stock price. The result of coefficient of determination test showed
the ability of model prediction is 64,7%, while the rest of 35,3% explained by
variables outside of this study.
Keywords: Crude Oil Price,
Financial Ratio, Stock Price, Signaling Theory
PENULIS: Rama Hadi Apsara,
Astiwi Indriani
Kode Jurnal: jpmanajemendd170976
