SAFITRI, EKA (2020) PENGARUH FINANCIAL DISTRESS, GOOD CORPORATE GOVERNANCE DAN EARNING PER SHARE TERHADAP HARGA SAHAM ( Pada Perusahaan Sektor Pertanian Yang Terdaftar di Bursa Efek Indonesia Periode 2014-2018 ). S1 thesis, Universitas Mercu Buana Jakarta.
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Abstract
An interesting development in the capital market now attracts the attention of capital owners or investors to invest in the capital market. Capital market buyers can buy and sell shares or other people on the Stock Exchange. The uncertainty of investing in stocks encourages investors to be careful in making decisions. Every investor decision will be assessed based on good analysis. Analysis of information obtained, one of the information obtained by investors is the financial statements obtained by the company. This study aimed to examine the effect of financial distress prediction using Altman Z-Score model and mechanism of good corporate governance, and earning per share to stock price. The stock price used in this study is the opening price of shares at one week after the publication date of the financial statements in the period 2014-2018. Samples were obtained by using purposive sampling techniques, is the agricultural sector companies listed on the Indonesia Stock Exchange (BEI) in the period 2014-2018. The sample size used in this study is 10 companies. In this research, hypothesis testing was performed using multiple linear regression analysis and application programs Statistical Product and Service Solutions (SPSS). The results of this study prove that simultaneously independent variables financial distress, independent commissioners and audit committee competence, and earning per share have a significant effect on stock prices the amount 47,1%, while 52,9% is influenced by other variables not included in the study. Partially, only independent variables of earning per share the influence significantly on stock prices, while financial distress , independent commissioners and audit committee competence did not significantly on stock prices. Keywords: Financial Distress, Good Corporate Governance, Independent Commissioner, Audit Committee, Earning Per Share, Stock Price. Perkembangan yang pesat pada pasar modal saat ini menarik perhatian para pemilik modal atau investor untuk berinvestasi di pasar modal. Para pelaku pasar modal dapat membeli dan menjual saham atau yang lainnya di Bursa Efek. Ketidakpastian investasi dalam saham mendorong investor untuk berhatihati dalam mengambil keputusan. Setiap keputusan investor akan didasarkan pada analisis yang baik. Analisis tersebut memerlukan informasi, salah satu informasi yang diperoleh investor adalah laporan keuangan yang dipublikasikan perusahaan. Penelitian ini bertujuan untuk menguji pengaruh prediksi financial distress menggunakan model Altman Z-Score dan mekanisme good corporate governance , dan Earning Per Share terhadap harga saham. Harga saham yang digunakan dalam penelitian ini adalah harga saham pembukaan pada satu minggu setelah tanggal publikasi laporan keuangan periode 2014 – 2018. Sampel yang diperoleh dengan menggunakan teknik purposive sampling yaitu perusahaan sektor pertanian yang terdaftar di Bursa Efek Indonesia periode 2014 – 2018. Ukuran sampel yang digunakan dalam penelitian ini adalah 10 perusahaan. Dalam penelitian ini, pengujian hipotesis dilakukan menggunakan analisis regresi linear berganda dan program aplikasi Statistical Product and Service Solutions (SPSS), yaitu untuk menguji apakah variabel moderating dapat memperkuat antara variabel-variabel independen terhadap variabel dependen. Hasil penelitian ini menunjukkan bahwa secara simultan variabel independen financial distress, komisaris independen dan komite audit dan Earning Per Share berpengaruh signifikan terhadap harga saham sebesar 47.1%, sedangkan 52.9% dipengaruhi oleh variabel lain yang tidak termasuk dalam penelitian ini. Namun secara parsial, hanya variabel independen earning per share yang mempengaruhi secara signifikan terhadap harga saham, sedangkan financial distress dan komisaris independen dan kompetensi komite audit tidak berpengaruh signifikan terhadap harga saham. Kata Kunci : Financial Distress, Good Corporate Governance, Komisaris Independen, Komite Audit, Earning Per Share, Harga Saham.
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