The Effect of Basic Earning Power and Earning After Tax on Stock Price in Indonesia Sharia Stock Index (Study in PT Ultra Jaya Milk Industry and Trading Company Tbk 2016-2017)

Herdiana, Nana and Rusdiana, A. The Effect of Basic Earning Power and Earning After Tax on Stock Price in Indonesia Sharia Stock Index (Study in PT Ultra Jaya Milk Industry and Trading Company Tbk 2016-2017). ARCTIC Journal. ISSN 0004-0843

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Abstract

This study aims to determine the basic effect of earning power partially on the stock price of PT Ultrajaya Milk Industry & Trading Company tbk .; the effect of partial earnings after tax on the stock price of PT Ultrajaya Milk Industry & Trading Company Tbk .; and the effect of basic earnings power and earning after tax simultaneously on the stock price of PT Ultrajaya Milk Industry & Trading Company Tbk. The theoretical framework used in this study is to refer to some of the opinions of financial experts and the results of previous studies stating that the higher the level of basic earnings power and earnings after tax, the higher the effect on stock prices. The variables used are basic earnings power and earnings after tax as independent variables and stock prices as the dependent variable. This research uses quantitative research methods. The data used in this research is secondary data. The data used in this study is in the form of financial statements of PT Ultrajaya Milk Industry & Trading Company Tbk. the period 2006-2017 originating from the website pages provided by the ultrajaya company. The results of this study indicate that: (1) the basic earnings partially have a weak relationship and the effect is not significant on shares in PT Ultrajaya Milk Industry & Trading Company Tbk. (2) partially earnings after tax has a moderate relationship and has a significant effect on the Share Price of PT Ultrajaya Milk Industri & Trading Company Tbk. (3) Simultaneously basic earnings power and earnings after tax have a moderate relationship and a non-significant effect on the Share Price of PT Ultrajaya Milk Industri & Trading Company Tbk.

Item Type: Article
Subjects: Public Finance > Taxes and Taxation
Divisions: Fakultas Tarbiyah dan Keguruan > Program Studi Manajemen Pendidikan Islam
Depositing User: Mr. Jajang Burhanudin
Date Deposited: 04 Jul 2020 12:30
Last Modified: 04 Jul 2020 12:30
URI: https://digilib.uinsgd.ac.id/id/eprint/31625

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