The Effect of Earning Per Share, Leverage, Liquidity, Company Size and Age on Stock Price
Keywords:
Earning Per Share, Leverage, Liquidity, Company Size, Company Age and Share PriceAbstract
This study aims to determine the effect of earning per share, leverage, liquidity, company size, and company age on stock price in technology sector companies listed on the Indonesia Stock Exchange (IDX) for the 2021-2023 period. The population in this study is technology sector companies in the software & it services subsector listed on the Indonesia Stock Exchange (IDX) for the 2021-2023 period. This research method uses a purposive sampling technique. With the sample used, a total of 14 technology companies that met the criteria were sampled and 42 data were obtained. The data used is secondary data obtained through documentation. The analysis used in this study is multiple linear regression analysis using the SPSS version 26 calculation tool. Based on the results of this study, it shows that earning per share, leverage, liquidity, company size and company age have a positive effect on stock price.
References
Agustina, M., & Yousida, I. (2021). Pengaruh Umur Perusahaan, Profitabilitas, dan Financial Leverage Terhadap Underpricing Saham Pada Penawaran Umum Perdana di Bursa Efek Indonesia. JIEB : Jurnal Ilmiah Ekonomi Bisnis, 7(3), 417–429. http://ejournal.stiepancasetia.ac.id/index.php/jieb
Agustin, R., Nurcahyono, N., Sinarasri, A., & Sukesti, F. (2023). Financial Ratio and Stock Returns in Indonesia Equity Markets : A Signaling Theory Approach. International Conference on Business, Accounting, Banking, and Economics, 277–292. https://doi.org/10.2991/978-94-6463-154-8
Alfitri, D. N., Nugroho, W. S., & Nurcahyono, N. (2022). The Effect of Environment Performance, Capital Structure, and Company Size on Financial Performance. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 12(2), 175. https://doi.org/10.26714/mki.12.2.2022.175-184
Alvianita, V., & Rivandi, M. (2023). Determinan Profitabilitas Dan Ukuran Perusahaan Terhadap Harga Saham Pada Perusahaan Property Dan Real Estate. In Jurnal Penelitian Ekonomi Manajemen dan Bisnis (JEKOMBIS) (Vol. 2, Issue 2).
Alviola, D., Ramayani, C., & Areva, D. (2024). The effect of Return on Assets, Working Capital Turnover, Company Size, Company Growth, and Leverage on Stock Prices in Metal and Mineral SubSector Companies in IDX. JAEF: Journal Accounting Education and Finance, 1(1), 29–40. https://doi.org/10.22202/jaef.2024.v1.i1.7059
Andriani, S. D., Kusumastuti, R., & Hernando, R. (2023). Pengaruh Return On Equity (ROE), Earning Per Share (EPS) dan Debt To Equity Ratio (DER) Terhadap Harga Saham (Studi Empiris Pada Perusahaan Industri Makanan Olahan yang Terdaftar di Bursa Efek Indonesia Tahun 2018 – 2020). Owner: Riset & Jurnal Akuntansi, 7(1), 333–345. https://doi.org/10.33395/owner.v7i1.1268
Anisa, O. N., Agung, R. E. W., & Nurcahyono, N. (2022). Faktor-Faktor yang Mempengaruhi Harga Saham: Berdasarkan Signaling Theory. Jurnal Akuntansi Indonesia, 11(2), 85–95.
A’yun, A. Q., Hanum, A. N., & Nurcahyono, N. (2022). Pengaruh Struktur Modal , Likuiditas , dan Ukuran Perusahaan terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Intervening Harga Saham Perusahaan Food and Beverage 2017-2021. Prosiding Seminar Nasional UNIMUS, 5, 408–419.
Arianti, I. F., & Handayani, N. (2022). Pengaruh Profitabilitas, Kebijakan Dividen, Pertumbuhan Penjualan, dan Ukuran Perusahaan Terhadap Harga Saham.
Bangun, N., & Natsir, K. (2023). The Effect Of EVA, Leverage, And Liquidity On The Stock Price. Jurnal Akuntansi E-JA, 27(01), 62–79. https://doi.org/10.24912/jm.v27i1.1174
Bisri, A., Suripto, S., & Sugiyanto, S. (2023). Peranan Ukuran Perusahaan Memoderasi Pengaruh Struktur Modal dan Total Arus Kas Terhadap Harga Saham. Owner Riset & Jurnal Akuntansi, 7(3), 2719–2730. https://doi.org/10.33395/owner.v7i3.1759
Caroline, H. I., Minarso, B., & Nurcahyono, N. (2023). Determinan Opini Audit Going Concern : Studi Kasus Perusahaan Sektor Industri Barang Konsumsi. Reviu Akuntansi Dan Bisnis Indonesia, 7(1). https://doi.org/10.18196/rabin.v7i1.17082
Christina, C. (2023). Determinan Harga Saham Perusahaan Telekomunikasi. In Jurnal Akuntansi Keuangan dan Bisnis (Vol. 16, Issue 1). https://jurnal.pcr.ac.id/index.php/jakb/
CNBC Indonesia. (2023, August 23). Sektor Teknologi Terseok, Mau Sampai Kapan?.
Damayanti, R., & Sadewa, P. (2023). Pengaruh Earnings Per Share, Arus Kas Operasi, Ukuran Perusahaan Terhadap Harga Saham. ECo-Fin, 5(2). https://doi.org/10.32877/ef.v4i1.454
Fadila, A. N., & Nuswandari, C. (2022). Apa Saja Faktor-Faktor Yang Mempengaruhi Harga Saham? (Vol. 15, Issue 2). http://journal.stekom.ac.id/index.php/E-Bisnispage283
Fitriana, L., Sinarasri, A., & Nurcahyono, N. (2024). Factors Affecting Financial Statement Fraud in Banking Sector: A Agency Perspective. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 14(1), 102. https://doi.org/10.26714/mki.14.1.2024.102-113
Fizabaniyah, R., Nurcahyono, N., Argojuwono, A. D. A., & Hernawati, R. I. (2023). Financial Ratio , Board Diversity and Financial Distress : Evidence from Indonesia. International Conference on Business, Accounting, Banking, and Economics, 1, 307–320. https://doi.org/10.2991/978-94-6463-154-8
Gufranita, N. T., Hanum, A. N., & Nurcahyono, N. (2022). Pengaruh Mekanisme Good Corporate Governance, Kinerja Keuangan, dan Kualitas Audit Terhadap Ketepatan Waktu Pelaporan Keuangan: Studi Pada Perusahaan Manufaktur. Prosiding Seminar Nasional UNIMUS, 5, 216–230.
Habibah, U. K., Zuhroh, I., & Sangadah, D. (2022). Fluktuasi Harga Saham Batu Bara: Peran Faktor Spesifik dan Makroekonomi. Jurnal Akademi Akuntansi (JAA), 5(3), 349–363. https://doi.org/10.22219/jaa.v5i3.21065
Ivonella, A., Rivandi, M., Ilmi, S. T., & Kbp, E. (2023). Harga Saham Dilihat Dari Good Corporate Governance dan Profitabilitas Pada Perusahaan Properti. Jurnal Kajian Akuntansi Dan Auditing (JKAA), 18(1), 77–90. jkaa.bunghatta.ac.id
Ifada, L. M., Ghoniyah, N., & Nurcahyono, N. (2023). How Do Tax Avoidance and Profitability Influence a Firm’S Intrinsic Value? Jurnal Akuntansi Multiparadigma, 14(1), 115–125. https://doi.org/10.21776/ub.jamal.2023.14.1.08
Khasanah, L., Nugroho, W. S., & Nurcahyono, N. (2022). The Effect of Liquidity, Leverage, Company Size and Fixed Asset Intensity on Tax Aggressiveness. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 12(2), 154. https://doi.org/10.26714/mki.12.2.2022.154-163
Kristianingrum, A., Sukesti, F., & Nurcahyono, N. (2022). Pengaruh Mekanisme Good Corporate Governance, Kinerja Keuangan, dan Struktur Modal terhadap Pengungkapan Sustainability Report. Prosiding Seminar Nasional UNIMUS, 5, 432–444.
Kartika, L. A., Ginanjar, Y., Ahmad, E. F., & Majalengka, U. (2023). Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan, dan Umur Perusahaan Terhadap Underpricing Saham di Perusahaan yang Melakukan IPO di BEI Tahun 2020-2021. SEMANIS : Seminar Nasional Manajemen Bisnis Fakultas Ekonomi Dan Bisnis Universitas Pelita Bangsa, 1(1), 101–104.
Khasanah, U., & Suwarti, T. (2022). Analisis Pengaruh DER, ROA, LDR dan TATO Terhadap Harga Saham Pada Perusahaan Perbankan. Fair Value : Jurnal Ilmiah Akuntansi Dan Keuangan, 4(6), 2649–2667. www.bi.go.id
Kontan.co.id. (2023, October 18). Melirik Nasib Saham Sektor Teknologi di Bursa Saham Indonesia dan AS.
Lanadiana, C. F., Adelia, R., Wardani, S., Prabu, R. A., Syah, D., & Dasman, S. (2024). Pengaruh Likuiditas, Leverage, dan Arus Kas Operasi Terhadap Harga Saham Pada PT Blue Bird Tbk. In Prosiding SEMANIS : Seminar Nasional Manajemen Bisnis (Vol. 2).
Lastria, L., Sari, R., & Ratu, M. K. (2024). Pengaruh Kinerja Keuangan Terhadap Harga Saham Pada Perusahaan Infrastruktur yang Terdaftar di Bursa Efek Indonesia (BEI) TAHUN 2021-2022. Jurnal Review Pendidikan Dan Pengajaran, 7(2), 4239–4248. http://journal.universitaspahlawan.ac.id/index.php/jrpp
Nur Anisa, O., Ery Wibowo Agung, R., & Nurcahyono, N. (2022). Faktor-Faktor yang Mempengaruhi Harga Saham: Berdasarkan Signaling Theory. Jurnal Akuntansi Indonesia, 11(2), 85–95. https://doi.org/10.30659/jai
Nurcahyono, N., & Hanum, A. N. (2023). Determinants of Academic Fraud Behavior: The Perspective of the Pentagon Fraud Theory. Lawang Sewu International Conference, 163–177. https://doi.org/10.2991/978-2-38476-078-7_18
Nurcahyono, N., & Kristiana, I. (2019). Pengaruh Corporate Social Responsibility (CSR) Terhadap Agresivitas Pajak: Studi Empiris pada Perusahaan Pertambangan yang Terdaftar di BEI Tahun 2017. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 9(1), 12. https://doi.org/10.26714/mki.9.1.2019.12-19
Nurcahyono, N., Sinarasri, A., Pamungkas, I. D., & Hanum, A. N. (2023). May intellectual capital and corporate governance reduce the probability of financial distress? Contaduria y Administracion, 70(1), 97–121. https://doi.org/10.22201/fca.24488410e.2025.5169
Pradimas, A., & Sucipto, A. (2022). Pengaruh Ukuran Perusahaan, Profitabilitas dan Leverage Terhadap Harga Saham dengan Nilai Perusahaan sebagai Variabel Intervening. Jurnal Riset Dan Konseptual, 7(1), 93–104. https://doi.org/http://dx.doi.org/10.28926/briliant .v7i1.788
Pratiwi, I., Hanum, A. N., & Nurcahyono, N. (2022). Pengaruh Earning Per Share, Total Assets Turnover, Pertumbuhan Penjualan dan Debt Equity Ratio Terhadap Harga Saham. Jurnal Akuntansi, Perpajakan Dan Portofolio, 02(02), 39–50. https://journal.umpo.ac.id/index.php/JAPP/article/view/5584%0Ahttps://journal.umpo.ac.id/index.php/JAPP/article/download/5584/2405
Putri, C. P. A., & Yulianto, Y. (2023). Pengaruh Ukuran Perusahaan, Umur Perusahaan Dan Kinerja Lingkungan Terhadap Harga Saham. Jurnal Ilmiah Ekonomi Dan Manajemen, 1(4), 539–548.
Putri, L. A., & Ramadhan, M. I. (2023). Pengaruh Rasio Likuiditas dan Rasio Profitabilitas Terhadap Harga Saham. Owner: Riset & Jurnal Akuntansi, 7(2), 1113–1123. https://doi.org/10.33395/owner.v7i2.1344
Rahma, A. M., Nurcahyono, N., & Sinarasri, A. (2022). Moderating Effects of Institutional Ownership on the Relation Between Capital Structure. International Conference on Business, Accounting, Banking, and Economics, 1, 293–306. https://doi.org/10.2991/978-94-6463-154-8
Sari, Y. P., Almasyhari, A. K., & Aryanto, A. (2023). Perancangan Sistem Informasi Akuntansi Pengelolaan Keuangan untuk Yayasan Insan Mulia Surakarta. Jati: Jurnal Akuntansi Terapan Indonesia, 6(2), 121-134.
Sinarasri, A., & Chariri, A. (2023). Business intelligence, management control systems and startup performance: Empirical study from Indonesia. International Journal of Applied Economics, Finance and Accounting, 16(2), 234-247.
Sirait, J., Purwohedi, U., & Noviarini, D. (2021). Pengaruh Voltilitas Laba, Leverage Keuangan, Kebijakan Dividen, dan Price to Book Value Terhadap Volatilitas Harga Saham. Jurnal Akuntansi, Perpajakan Dan Auditing, 2(1), 397–415. https://doi.org/http://doi.org/XX.XXXX/Jurnal Akuntansi, Perpajakan, dan Auditing/XX.X.XX
Sugiyono. (2022). Metode Penelitian Kuantitatif, Kualitatif, dan R & D.
Sukesti, F., Ghozali, I., Fuad, F. U. A. D., KHARIS ALMASYHARI, A., & Nurcahyono, N. (2021). Factors affecting the stock price: The role of firm performance. The Journal of Asian Finance, Economics and Business, 8(2), 165-173
Suryawan, I. K. E., & Yuniarta, G. A. (2023). Pengaruh Financial Distress, Financial Leverage, Umur Perusahaan dan Inflasi terhadap Underpricing pada Perusahaan yang Melakukan Initial Public Offering (IPO). Vokasi: Jurnal Riset Akuntansi (VJRA), 12(3), 148–159.
Timoty, N. F. M., Nurcahyono, N., Yasaputri, K., & Jatiningsih, D. E. S. (2023). Predicting the Risk of Financial Distress Using Intellectual Capital and Financial Ratio. In International Conference on Business, Accounting, Banking, and Economics (Vol. 1, pp. 228–245). International Conference on Business, Accounting, Banking, and Economics. https://doi.org/10.2991/978-94-6463-154-8_22
Ulfiani, N., Simon, Z. Z., & Nasution, A. H. (2024). What Factors Affecting Indonesian Mining Companies’ Stock Price Before and During the COVID-19 Pandemic. Jurnal Orientasi Bisnis Dan Entrepreneurship (JOBS), 5(1), 26–40. https://doi.org/10.33476/jobs.v5i1.4172
Videsia, Y., Wibowo, R. E., & Nurcahyono, N. (2022). Pengaruh Profitabilitas Dan Ukuran Perusahaan Terhadap Ketepatan Waktu Pelaporan Keuangan. Review of Applied Accounting Research, 9(2), 219–228. https://doi.org/10.32534/jpk.v9i2.2407
Wally, M., Lamasidonda, J., & Sahupala, J. (2023). Pengaruh Return on Asset (ROA) dan Earning Per Share (EPS) Terhadap Harga Saham (Studi pada Perusahan Sektor Perbankan yang Terdaftar di Bursa Efek Indonesia). Indo-Fintech Intellectuals: Journal of Economics and Business, 3(1), 20–35. https://doi.org/10.54373/ifijeb.v3i1.84
Downloads
Published
Versions
- 2024-11-21 (5)
- 2024-11-21 (4)
- 2024-11-21 (3)
- 2024-11-21 (2)
- 2024-07-27 (1)