The Moderation Role of Dividend Per Share on the Relationship between Earning Per Share and Return on Equity on Stock Prices
(1) * Muh Nur Mail (Sekolah Tinggi Ilmu Ekonomi Enam Enam, Indonesia)
(2) Ummy Kalsum Mail (Sekolah Tinggi Ilmu Ekonomi Enam Enam, Indonesia)
(3) Mahmudin A Sabilalo Mail (Sekolah Tinggi Ilmu Ekonomi Enam Enam, Indonesia)
(4) Laode Sahili Mail (Sekolah Tinggi Ilmu Ekonomi Enam Enam, Indonesia)
(5) Rince Tambunan Mail (Sekolah Tinggi Ilmu Ekonomi Enam Enam)
*corresponding author

Abstract


This study examines and proves whether there is an effect of Dividend Per Share (DPS) in moderating the relationship between Earning Per Share (EPS) and Return on Equity (ROE) on stock prices in food and beverage sub-sector companies listed on the Indonesia Stock Exchange in 2019-2021. This type of research is associative research. The sampling technique used is purposive sampling. The data used is secondary data in the form of financial statements. This data will be analyzed using multiple linear regression analysis method, namely descriptive statistical method used to analyze data for more than two research variables. To test the regression with moderating variables using the Moderating Regression Analysis (MRA) Test. Hypothesis testing used is t-test, F-test, and coefficient of determination (R2). This study produced four findings as stated in the research hypothesis. First, Earning Per Share (EPS) has a significant effect on stock prices. Second, Return on Equity (ROE) has no significant effect on stock prices. Third, the interaction variable Earning Per Share (EPS) with Dividend Per Share (DPS) is a moderating variable, so that DPS can strengthen the relationship between Earning Per Share (EPS) on stock prices. Fourth, the interaction variable Return On Equity (ROE) with Dividend Per Share (DPS) cannot strengthen the relationship of Return On Equity (ROE) to stock prices.

Keywords


Earning Per Share (EPS), Return On Equity (ROE), Dividend Per Share (DPS), Stock Prices

   

DOI

https://doi.org/10.29099/ijair.v6i1.1.645 		      

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