Effect of Net Profit Margin, Operating Profit Margin, Economic Value Added, and Earning Per Share to Stock Price of Pharmaceutical Industry Companies Listed in Indonesian Foreign Exchange in 2008-2011 Periods
| Main Author: | Sutjiati, Rosemarie |
|---|---|
| Format: | Proceeding PeerReviewed Book |
| Terbitan: |
, 2014
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| Subjects: | |
| Online Access: |
http://repository.maranatha.edu/11746/1/EFFECT%20OF%20NPM_OPM_EVA_EPS%20TO%20STOCK%20PRICE.pdf http://repository.maranatha.edu/11746/ |
Daftar Isi:
- Indonesia Capital Market has improved steadily these days. Investment in go public companies stock listed in capital market has become attention not only to domestic investors but also many foreign one. Indonesian listed pharmaceutical companies have shown their endurance and performance during economic crisis. Since investor will most likely put a lot of attention to stock price, it is also important to try to determine the variables that will affect stock price. This research tries to examine the effect of Net Profit Margin (NPM), Operating Profit Margin (OPM), Economic Added Value (EVA), and Earning per Share (EPS) to stock price. The research was done in Indonesia listed pharmaceutical companies during 2008-2011 periods. This research uses path analysis to explain the correlation between the variables examined. The end result from path analysis 1 shows that NPM have positive effect to EPS; EPS have positive effect to stock price; EVA in path 1 have no positive effect to stock price, NPM have no effect to stock price; and EPS proved to be mediator variable for NPM in giving effect toward stock price. The end result from path analysis 2 shows that OPM have positive effect to EPS; EPS have positive effect to stock price; EVA in path 2 have no effect to stock price, OPM have no effect to stock price; and EPS proved to be mediator variable for OPM in giving effect toward stock price.