| NIM | C1I021024 |
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| Namamhs | KEVIRA ROMITA HERMAWAN |
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| Judul Artikel | THE EFFECT OF EARNING PER SHARE AND DEBT-TO-EQUITY RATIO ON STOCK PRICES MODERATED BY EARNINGS MANAGEMENT ON THE NON-CYCLICAL SECTOR IN MAIN BOARD INDEX |
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| Abstrak (Bhs. Indonesia) | Penelitian bertujuan untuk menganalisis pengaruh laba per saham dan rasio hutang pada ekuitas terhadap harga saham, dengan manajemen laba sebagai variabel moderasi. Penelitian menggunakan pendekatan kuantitatif dengan data sekunder dari laporan keuangan perusahaan sektor kebutuhan primer konsumen yang terdaftar di Bursa Efek Indonesia (BEI) pada indeks papan utama selama periode 2022–2023. Teknik analisis data yang digunakan adalah regresi data panel dengan pendekatan Random Effect Model (REM) dan Moderated Regression Analysis (MRA) menggunakan EViews 12. Hasil penelitian menunjukkan bahwa: (1) laba per saham berpengaruh negatif dan tidak signifikan terhadap harga saham, (2) rasio hutang pada ekuitas berpengaruh negatif dan tidak signifikan terhadap harga saham, (3) manajemen laba memperkuat pengaruh laba per saham terhadap harga saham secara signifikan, dan (4) manajemen laba juga memperkuat pengaruh rasio hutang pada ekuitas terhadap harga saham secara signifikan. Hasil tersebut menunjukkan bahwa peran manajemen laba penting dalam memperkuat sinyal keuangan yang diberikan kepada investor, terutama dalam menilai profitabilitas dan struktur modal perusahaan. |
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| Abtrak (Bhs. Inggris) | This purpose of this study to analyze the effect of Earnings Per Share (EPS) and Debt-to-Equity Ratio (DER) on stock price by earnings management as a moderating variable. A quantitative approach was used by analyzing secondary data from the financial reports of consumer non-cyclical sector companies listed on the Indonesia Stock Exchange (IDX) under the Main Board Index during the 2022–2023 period. The analysis was conducted using panel data regression with the Random Effect Model (REM) and Moderated Regression Analysis (MRA) in EViews 12. The results show that: (1) EPS has a negative and insignificant effect on stock price, (2) DER has a negative and insignificant effect on stock price, (3) earnings management significantly strengthens the relationship between EPS and stock price, and (4) earnings management also significantly strengthens the relationship between DER and stock price. These findings imply that earnings management plays an important role in enhancing the financial signals perceived by investors, particularly in assessing a company's profitability and capital structure. |
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| Kata kunci | Earning Per Share, Debt-to-Equity Ratio, Stock Price, Earnings Management |
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| Pembimbing 1 | Eliada Herwiyanti |
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| Pembimbing 2 | |
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| Pembimbing 3 | |
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| Tahun | 2025 |
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| Jumlah Halaman | 12 |
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| Tgl. Entri | 2025-04-30 10:32:07.060153 |
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