The Impact of ROA, ROE, and EPS on Indonesian Financial Sector Companies' Stock Prices

English

Authors

  • Muhammad Didik Budianto Economics Department, Faculty of Economics and Business, University of Jember, Indonesia
  • Indria Agustina Economics Department, Faculty of Economics and Business, University of Jember, Indonesia
  • Sohibatul Ilmiyah Economics Department, Faculty of Economics and Business, University of Jember, Indonesia
  • Devi Mariska Economics Department, Faculty of Economics and Business, University of Jember, Indonesia

Keywords:

EPS, ROA, ROE , Stock Price

Abstract

The purpose of this study was to examine the effects of Return On Assets (ROA), Return
On Equity (ROE) and Earnings Per Share (EPS) on the share prices of financial sector
companies listed on the Indonesian Sharia Stock Index (ISSI) between 2016 and 2020.
Secondary data from the annual reports of each company was utilized for this analysis. The
multiple linear regression method was employed to analyze the cross-sectional data, taking
into account the variables ROA, ROE, and EPS. And the study's findings after analysis
reveal that none of the variables, whether they are considered separately or together, have
any impact on the stock prices of financial firms that are listed on the Indonesian Sharia
Stock Index (ISSI).

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Published

2023-08-07

Issue

Vol. 6 No. 1 (2023): Asian Economic and Business Development

Section

Articles