PENGARUH ROA, ROE, EPS DAN INVESTASI TERHADAP HARGA SAHAM PADA PERUSAHAAN YANG MELAKUKAN DIVIDEND CUT DAN TIDAK DIVIDEND CUT (Perusahaan yang Terdaftar di BEI Periode 2008-2012)

Abstract

This study aims to determine the effect of ROA, ROE, EPS, and Investing on stock prices
in companies that dividends are cut and the company did not cut dividends in companies listed on
the Stock Exchange 2008-2010. The study also examines whether there is a difference between
companies that do influence the dividend cut the dividend cut is not done to the stock
price.signaling hypothesis according to theory, a company that does the dividend cut will give a
negative signal to the market, so the stock price will decline.
The data used in this study is a secondary data obtained from the Indonesian Capital
Market Directory / ICMD which went public in Indonesia Stock Exchange during the five periods
of the year 2008-2012 for the independent variables (ROA, ROE, EPS, and Investment) and the
dependent variable is (stock price). The analysis used is multiple linear analysis
Based on the analysis concluded that the significant effect on stock prices on companies
that cut dividends and the dividend cut is not doing variable ROA and ROE. While the chow on
the test, there is no difference between companies that do influence the dividend cut by a company
that does not perform a dividend cut.
Keywords : ROA,ROE, EPS, Investment, stock price