Determinants of Share Prices on Manufacturing Company: Evidence in Indonesia Stock Exchange

Abstract

This study aims to determine the factors that influence share prices. Sample used in this research are manufacture companies listed on Indonesia Stock Exchange in the period 2013 – 2017. The independent variables are earning per share, dividend per share, dividend payout, economic value added, debt equity ratio and dependent variable is share prices of manufacture sector. The number of the samples in this research are 32 manufacturing company by using purposive sampling technique. Based on the results of panel data regression model indicates that dividend per share and economic value added have positive impact on share prices. Earning per share has negative impact on share prices. Dividend payout and debt equity ratio have insignificant impact on share prices.  The results of this research are expected to be the reference for companies and investors to increase share prices.