Analisis Pengaruh Debt to Equity Ratio (DER), Earning Per Share (EPS), dan Dividend Payout Ratio (DPR) terhadap Harga Saham dengan Nilai Perusahaan sebagai Variabel Intervening (Studi Kasus Indeks Saham LQ45 Periode 2015-2021)

Abstract

The objective of the research was to examine and analyse the influence of Debt to Eguity Ratio (DER), Earning Per Share (EPS), and Dividend Payout Ratio (DPR) on Stock Price through Firm Value as mediating variable in the companies listed in Ihe LQ45 Index in the period of 2015-2021. The samples were 2 companies lited in the LQ45 index in the period of 2013-2021, taken by using purpose sampling technique with the number of 84 observations. The data were processed by using IBM SPSS software and analyzed by using mulile linear regression analysis and path analysis.

The result of the research showed that Earning Per Share (EPS) and Dividend Payout Ratio (DPR) had positive and significant influence on Firm Value while Debt to Equity Ratio (DER) did not have any significant influence on Firm Value. Debt to Equity Ratio (DER) and Earning Per Share (EPS) had poslive and signifcant influence on Stock Price while Dividend Payout Ratio (DPR) and Firm Value did not have any signficant influence on Stock Price. The variable of Firm Value can only medite the correlation between Dividend Payout Ratio (DPR) and Stock Price.