Open AccessThe Influence of Net Profit Margin On Stock Price with Earnings Per Share (Eps) As Moderating Variables
Author(s) -
Budi Prijanto,
Rani Ferina Pulung,
Agustin Rusiana Sari
Publication year - 2021
Publication title -
journal of economics, finance and accounting studies
Language(s) - English
Resource type - Journals
ISSN - 2709-0809
DOI - 10.32996/jefas.2021.3.2.8
Subject(s) - nonprobability sampling , stock exchange , moderation , econometrics , earnings per share , regression analysis , profit margin , variables , population , business , statistics , economics , mathematics , marketing , finance , demography , sociology
This study aims to investigate: the effect of Net Profit Margin (NPM) on stock prices and whether EPS is a moderating variable on the effect of NPM on stock prices. The case study was determined on the food and beverage sub-sector companies listed on the Indonesia Stock Exchange from 2015 to 2019. The population of this study was 26 companies, with the sampling technique used was the purposive sampling method. The use of this sampling technique resulted in 11 companies that met the criteria. The data analysis techniques used include simple regression (t test), multiple regression (F test), and interaction-type moderation tests using Moderated Regression Analysis. Data processing was carried out with the help of the IBM SPSS Ver 22 program. The findings of this study were that NPM had an effect on stock prices and EPS became a moderating variable (strengthened) on the effect of NPM on stock prices.