Pengaruh Economic Value Added, Earnings Per Share, Market Share dan Kepemilikan Institusional Terhadap Return Saham pada Perusahaan yang Terdaftar di Indeks IDX80 Bursa Efek Indonesia Periode 2019-2021

Abstract

Penelitian ini bertujuan untuk mengetahui Pengaruh Economic Value Added (EVA), Earnings Per Share (EPS), Market Share dan Kepemilikan Institusional Terhadap Return Saham pada Perusahaan Yang Terdaftar Di Indeks IDX80 Bursa Efek Indonesia Periode 2019-2021. Populasi yang digunakan dalam penelitian ini adalah 80 perusahaan IDX80 yang terdaftar di Bursa Efek Indonesia. Metode pengambilan sampel adalah dengan menggunakan metode sensus. Sampel yang digunakan sebanyak 240 perusahaan. Teknik analisis yang digunakan adalah uji normalitas, uji multikolinieritas, uji autokorelasi, uji heteroskedastisitas, analisis regresi linier berganda, uji koefisien korelasi berganda, uji F, uji t dan uji koefisien determinasi. Berdasarkan hasil uji asumsi klasik diketahui bahwa data berdistribusi normal serta tidak terjadi gejala multikolinieritas, autokorelasi dan heteroskedastisitas. Hasil uji koefisien determinasi menunjukkan nilai R2 sebesar 0,699 yang berarti 69,9% pengaruh variabel terikat dapat dijelaskan oleh variabel lain yang tidak digunakan dalam penelitian ini. Berdasarkan hasil uji F diketahui bahwa secara bersama-sama variabel bebas berpengaruh terhadap variabel terikat. Dan berdasarkan hasil uji t diketahui bahwa variabel bebas yaitu Economic Value Added, Earnings Per Share dan Kepemilikan Institusional berpengaruh secara parsial terhadap variabel Return Saham sedangkan variabel Market Share tidak berpengaruh secara parsial terhadap variabel Return Saham. This study aims to determine the Effect of Economic Value Added (EVA), Earnings Per Share (EPS), Market Share and Institutional Ownership on Stock Returns in Companies Listed on the IDX80 Index of the Indonesia Stock Exchange for the 2019-2021 period. The population used in this study were 80 IDX80 companies listed on the Indonesia Stock Exchange. The sampling method is by using the census method. The sample used is 240 companies. The analysis technique used is normality test, multicollinearity test, autocorrelation test, heteroscedasticity test, multiple linear regression analysis, multiple correlation coefficient test, F test, t test and coefficient of determination test. Based on the results of the classical assumption test, it is known that the data are normally distributed and there are no symptoms of multicollinearity, autocorrelation and heteroscedasticity. The results of the coefficient of determination test show the R2 value of 0.699, which means 69.9% of the influence of the dependent variable can be explained by other variables that are not used in this study. Based on the results of the F test, it is known that together the independent variables have an effect on the dependent variable. And based on the results of the t test, it is known that the independent variables namely Economic Value Added, Earnings Per Share and Institutional Ownership partially affect the Stock Return variable while the Market Share variable does not partially affect the Stock Return variable.