Research Paper
Year: 2021 | Month: January | Volume: 8 | Issue: 1 | Pages: 235-242
Analysis of Earning Per Share on Stock Prices with Dividend Yield as an Intervening Variable in LQ45 Companies in Indonesia Stock Exchange
Muhammad Fauzan Mirzaldi1, Isfenti Sadalia2, Nisrul Irawati2
1,2Master of Management Study Program, Postgraduate School of University of Sumatera Utara
Corresponding Author: Muhammad Fauzan Mirzaldi
ABSTRACT
This study is conducted in The LQ45 Company on Indonesia Stock Exchange 2015 - 2019. This study aims to analyze The Effect of Dividend Yield on Stock Price with Earning per Share as Intervening Variable in The LQ45 Company on Indonesia Stock Exchange 2015-2019. The type of this study is comparative causal that analyze the causal relationship between two variables or more. The number of sample in this study is 22 companies. In accordance with the defined hypothesis in this study, statistical data analysis is measured using SmartPLS (Partial Least Square) software. Based on the result of the tests, the significance direct effect test result shows that independent variable (Dividend Yield) has negative and significant effect on dependent variable (Stock Price), however Dividend Yield has positive influence on intervening variable (Earning Per Share) but not significantly and intervening variable (Earning Per Share) positively and significantly affect the dependent variable (Stock Price) and intervening variable (Earning Per Share) is not significant as the mediator of the correlation between Dividend Yield and Stock Price. Dividend Yield capable of influencing Earning Per Share up to 0.9%, whereupon Dividend Yield and Earning Per Share are able to affect Stock Price up to 47.4%.
Keywords: Dividend Yield, Earning Per Share, Stock Price.
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