Published: 2025-12-01
Pengaruh Deviden Payout Ratio (DPR), Earning Per Share (EPS), Price To Book Value (PBV) dan Ukuran Perusahaan Terhadap Harga Saham Pada Index Kompas 100 yang Terdaftar di Bursa Efek Indonesia Periode 2018-2023
DOI: 10.35870/jemsi.v11i6.5033
Abstract
The purpose of this study is to examine and analyze the influence of government spending and exports on economic growth partially and simultaneously. The type is associative with the object of research being Indonesia. The type of data used in this study is time series data for the period 1990-2023. The dependent variable is Indonesian economic growth measured in percent. The first independent variable is government spending, namely total government spending in Indonesia measured in rupiah, and the second independent variable is exports in Indonesia measured in rupiah. The data analysis technique is multiple regression. This study proves that government spending has a significant effect on economic growth, while exports have no significant effect on economic growth. The results of this study indicate that: (1) Dividend payout ratio does not have a significant effect on stock prices. With a probability value of 0.334 greater than the 5% significance level (0.334 > 0.05), meaning Ha is rejected and H0 is accepted. (2) Earning Per Share does not have a significant effect on stock prices. With a probability value of 0.070 greater than the 5% significance level (0.070 > 0.05) which means Ha is rejected and H0 is accepted. (3) Price To Book Value has an effect on stock prices. With a probability value of 0.007 smaller than the 5% significance level (0.007 > 0.05) which means Ha is accepted and H0 is rejected. (4) Company size does not have a significant effect on stock prices. With a probability value of 0.336 greater than the 5% significance level (0.336 > 0.05), meaning Ha is rejected and H0 is accepted. (5) Dividend payout ratio, Earning Per Share, Price To Book Value and Company Size together have a significant effect on stock prices. The results of the F-test show that Dividend payout ratio, Earning Per Share, Price To Book Value and Company Size with an F-statistic of 3.56 with a probability value of 0.009 smaller than the 5% significance level (0.009 < 0.05) which means Ha is accepted and H0 is rejected.
Keywords
Deviden Payout Ratio; Earning Per Share; Price To Book Value; Firm Size
Article Information
This article has been peer-reviewed and published in the JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi). The content is available under the terms of the Creative Commons Attribution 4.0 International License.
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Issue: Vol. 11 No. 6 (2025)
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Section: Articles
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Published: 2025-12-01
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License: CC BY 4.0
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Copyright: © 2025 Authors
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DOI: 10.35870/jemsi.v11i6.5033
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Dira Febria Andini, Universitas PGRI Sumbar
Pendidikan Akuntansi, Ekonomi dan Bisnis, Universitas PGRI Sumbar, Kota Padang, Indonesia.
Syailendra Eka Saputra, Universitas PGRI Sumbar
Pendidikan Ekonomi, Ekonomi dan Bisnis, Universitas PGRI Sumbar, Kota Padang, Indonesia.
Nora Susanti, Universitas PGRI Sumbar
Pendidikan Akuntansi, Ekonomi dan Bisnis, Universitas PGRI Sumbar, Kota Padang, Indonesia.
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