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Abstract

The objective of this study is to determine the influence of price earnings ratio, price book value and earnings per share on the activity of stock trading volume of companies listed in Kompas 100 Index 2007-2011. This study also aimed to determine the effect of price earnings ratio, price book value and earnings per share on stock returns of companies listed in Kompas 100 Index 2007-2011. Sample was determined based on purposive sampling method which resulted in 31 companies in the Kompas 100 Index stock market index during the years 2007-2011. Hypotheses testing based on multiple linear regression analysis showed that the price earnings ratio (PER), price book value (PBV) and earnings per share (EPS) simultaneously influence the Trading Volume Activity (TVA). However, only Price Book Value (PBV) has partial effect on trading volume. The results also show that price earnings ratio (PER), price book value (PBV) and earnings per share (EPS) has simultaneous influence on stock returns. However, only the variable price book value (PBV) that has partial effect on stock returns.

Analisis faktor yang memengaruhi likuiditas saham melalui keputusan stock split

“…Secara teori hasil ini tidak sesuai karena PBV yang tinggi berarti nilai pasar saham melebihi nilai bukunya, sehingga harga saham dinilai overvalued atau terlalu mahal oleh investor. Hasil ini selaras dengan studi oleh Fermantiningrum (2019) dan Iqsir et al (2017) yang menunjukkan bahwa PBV berpengaruh terhadap TVA serta menolak hasil penelitian Octadianto dan Laila (2017). Rasio EPS bernilai signifikansi 0,349 > 0,05 terhadap TVA, artinya H5 ditolak.…”