The Effect of Financial Ratio and Institutional Ownership on Stock Price with Earnings Per Share as a Moderating Variable in Construction Sub-Sector Companies Listed on the IDX 2015-2019

Abstract

This study aims to determine the effect of financial ratios and institutional ownership on stock prices, with earnings per share as a moderating variable. This research was conducted on Construction Sub Sector Companies listed on the Indonesia Stock Exchange for 2015-2019. The purposive sampling technique shows that the research sample is 17 companies. The number of observations in this study is five years observation multiplied by 17 is 85 sample observations. The data analysis method used in this study is Panel Data Regression Analysis which was carried out with the help of EViews software (Econometric Views). The results showed that Return on Assets (ROA), Debt Earning Ratio (DER), and Institutional Ownership have a significant effect on stock prices, Current Ratio (CR) has no significant effect on stock prices, and Earning Per Share (EPS) can moderate the relationship between Return on Assets (ROA), Current Ratio (CR), Debt Equity Ratio (DER), and Institutional Ownership of Stock Prices. Keywords: return on assets, current ratio, debt-equity ratio, institutional ownership, stock price, and earning per share