his study was aimed to determine the effect of earnings per share (EPS), return
on equity (ROE) and debt-to-equity ratio (DER) of real estate companies' s.
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PENGARUH EARNING PER SHARE (EPS), RETURN ON EQUITY (ROE), DAN DEBT TO EQUITY RATIO (DER) TERHADAP RETURN SAHAM PADA PERUSAHAAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2009 – 2011 Putra Sugihen Ginting, Utama Nasution ABSTRACT his study was aimed to determine the effect of earnings per share (EPS), return on equity (ROE) and debt-to-equity ratio (DER) of real estate companies’ s stock return listed in the Indonesia Stock Exchange (BEI) from 2009 to 2011. The problem is, whether there is a significant earnings per share (EPS), return on equity (ROE) and debt-to-equity ratio (DER) on stock returns of those companies for period 2009 to 2011. The method of data collection performed by analyzing the financial statements of those companies selected as the object of study. Documentation methods in the study conducted by collecting secondary data from financial reports in 2011. The method of analysis used classical assumption and hypothesis testing used regression equation, t-test, F-test and coefficient of determination. The result of study shown that the regression coefficient was -0.055 EPS. Partially, there is no significant effect on stock returns for EPS variable. ROE regression coefficient was 0.017. Partially, ROE significantly affect the stock returns. Furthermore, the increasing of 1% in ROE will increase 0,017% on stock returns. DER variable regression coefficient was -0.064. Partially, there was no significant effect on DER variable of stock returns for real estate company listed in Indonesia Stock Exchange. Simultaneously there was no significant effect of EPS, ROE, and DER variables on stock returns of real estate companies listed in Indonesia Stock Exchange. Only 3.40% of the changes in stock returns can be explained by the changes on EPS, ROE and DER. While most of them (96.60%) is explained by other variables, as excluded in this study. Keywords: Earning per Share, Return on Equity dan Debt to Equity Ratio, Return of Stock.
Universitas Sumatera Utara
