The Influence of Return on Assets, Return on Equity, and Earnings per Share on Stock Prices in Transportation Companies Listed on the IDX

Yeni Eriana; Ninik Kurniasih

Yeni Eriana Politeknik Negeri Pontianak
Ninik Kurniasih Politeknik Negeri Pontianak

Keywords: Return on Assets, Return on Equity, Earnings per Share, Stock Price

Abstract

Purpose – This study aims to determine the effect of Return on Assets, Return on Equity and Earnings Per Share both partially and simultaneously on Share Prices in transportation companies in 2018-2022.

Method – The study was conducted using associative methods. The population in this study amounted to nine transportation companies obtained by purposive sampling techniques. The data collection techniques used are documentation studies, browsing and literature studies. Data analysis was performed using multiple linear regression analysis and using panel data.

Result – The results showed that partially the ROA variable has a significance value of 0.003, ROE is a significance value of 0.015 which means that the variable has an effect on stock price and EPS is worth a significance of 0.824, which means that the variable has no effect on stock price. Meanwhile, simultaneously the ROA, ROE, and EPS variables show a significance value of 0.000, which means that these variables affect the stock price.

Implication – The variables ROA, ROE, and EPS can explain the share price of transportation companies listed on the Indonesia Stock Exchange (IDX) in 2018-2022 by 26.60%, so that many variables that have not been studied in this study can be continued for the next researcher.

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