Pengaruh Financial Leverage, Operating Leverage, Struktur Modal dan Kinerja Aset Terhadap Earning Per Share
Abstract
This study aims to examine the effect of financial leverage, operating leverage, capital structure and asset performance on earnings per share (EPS) in automotive and component companies listed on the Indonesia Stock Exchange for the 2017-2021 period. This type of research is an associative quantitative research with secondary data sources from annual reports and financial reports of companies in the automotive and component sub-sector published by the Indonesia Stock Exchange (IDX). Determination of the sample by purposive sampling method in order to obtain 55 samples. The data analysis method used is multiple linear regression analysis, the data is processed using software eviews 12. The results show that (1) financial leverage as proxied by degree financial leverage (DFL) has no significant effect on earnings per share (EPS), but has positive or unidirectional relationship, (2) operating leverage as proxied by degree operating leverage (DOL) has no significant effect on earnings per share, but has a positive or unidirectional relationship, (3) capital structure is proxied by long term debt to equity ratio ( LDER) does not have a significant effect on earnings per share, but has a positive or unidirectional relationship (4) asset performance as proxied by return on assets (ROA) has a positive and significant effect on earnings per share.
References
Gitman, J. L. (2000). Principles Of Managerial Finance (10th ed.). San Diego State University. USA.
Hanafi, M. M. (2014). Manajemen Keuangan (1st ed.). BPFE-YOGYAKARTA.
Ismail, W., Tommy, P., & Untu, V. (2016). Pengaruh Current Ratio dan Struktur Modal Terhadap Laba Per Lembar Saham Pada Perusahaan Pertambangan yang Terdaftar di BEI. Jurnal Berkala Ilmiah Efisiensi, 16(01), 469–480.
Jensen, & Meckling. (1976). Theory Of The Firm : Managerial Behavior, Agency Cost, and Ownership Structure. Jurnal Of Financial Economic, 3(4), 305–360.
Kartono. (2020). Pengaruh Return On Asset Terhadap Earning Per Share Pada PT. Mandom Indonesi, Tbk Periode 2012-2020. Jurnal Ekonomi Efektif, 2(4), 616–622.
Maimunah, S., & Megasatya, T. S. (2015). Pengaruh Struktur Modal Terhadap Earning Per Share Pada PT.Telekomunikasi Indonesia Tbk. Jurnal Ilmiah Akuntansi Fakultas Ekonomi, 1(2), 85–93.
Mudawanah, S. (2019). Analisis Operating Leverage (DOL), Financial Levegare (DFL) dan Combination Leverage Terhadap Earning Per Share (EPS) Pada Perusahaan LQ45 di Bursa Efek Indonesia. Jurnal Studia Akuntansi Dan Bisnis, 7(3), 187–198. https://top.id
Muhammad Siddiq, R., Setiawan, & Nurdin, A. A. (2020). Pengaruh Likuiditas, Solvabilitas, dan Profitabilitas terhadap Earning per Share pada Bank Umum yang Terdaftar di Bursa Efek Indonesia. Indonesian Journal of Economics and Management, 1(1), 72–82.
Prasetya, H., & Supari, A. (n.d.). Pengaruh Financial Leverage, Earning Per Share, Dividend Payout Ratio Dan Suku Bunga Bank Terhadap Harga Saham Perusahaan Yang Blue Chip Di Bursa Efek Jakarta.
Putra, I. R. (2013). Analisis Pengaruh Operating Leverage dan Financial Leverage Terhadap Earning Per Share (EPS) Di Perusahaan Properti Yang Terdaftar Di BEI (2007-2011). Jurnal Ilmu Manajemen, Universitas Negeri Surabaya, 1(1), 318–328.
Rahmah, F., Nurpadila, & Dewi, R. (2020). Pengaruh Financial Leverage dan Operating Leverage Terhadap Earning Per Share Perusahaan Food and Beverage. Center Of Economic Student Journal.
Scott, W. R. (2015). Financial Accounting Theory Sevent Edition. Canada Cataloguing.
Sugiyono. (2017). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Alfabeta.
Sutrisno. (2013). Manajemen Keuangan Teori Konsep dan Aplikasi (Edisi Pertama). EKONISIA.
Syafri, S. (2008). Analisis Kritis Atas Laporan Keuangan. P.T. Raja Grafindo Persada.
Wartono, T. (2018). Pengaruh Return On Asset dan Current Ratio Terhadap Earning Per Share (Studi pada PT.Plaza Indonesia Realty, Tbk.). Jurnal Semarak Prodi Manajemen Universitas Pamulang, 1(2), 115–134.
Abstract viewed = 340 times
PDF (Bahasa Indonesia) downloaded = 993 times
