ANALISIS PENGARUH RETURN ON EQUITY (ROE) DAN EARNING PER SHARE (EPS) TERHADAP HARGA SAHAM BANK CENTRAL ASIA (BCA)

The objective this study is to determine whether the BCA financial performance has influence
on the BCA stock prices. The research question is why the BCA stock prices some time
decrease and then increase again, whether the financial performance has influence on the BCA
stock prices. Theoretically the BCA stock prices must be influenced by the financial
performance; unfortunately that as if the fact the financial fundamental theory sometime is not
true. The data in this study are limited only from the year 2007 up to year 2011 or 20 quarterly
periods. The variables in this study are the Earning per Share (EPS), Return on Equity (ROE),
and the BCA stock prices. In order to determine the influence of these variables on the stock
prices, then statistical analysis of the regression was conducted. The result shows that
simultaneously both variables (EPS and ROE) have influence on the BCA stock prices;
however partially only the Earning per Share (EPS) significantly influenced the BCA stock
prices. In conclusion, the Earning per Share (EPS) must be considered by the investor in
making decision to buy or to sell the BCA stock.