Widyawati Nusi, Sahmin Noholo, Zulkifli Bokiu

Analisis Pengaruh Kinerja Leverage dan Ukuran Perusahaan Terhadap Earning per Share pada Perusahaan LQ 45 Periode 2019-2023

Introduction

Analisis pengaruh kinerja leverage dan ukuran perusahaan terhadap earning per share pada perusahaan lq 45 periode 2019-2023. Analisis dampak leverage (DER) dan ukuran perusahaan terhadap Earning per Share (EPS) pada 35 perusahaan LQ45 di Bursa Efek Indonesia periode 2019-2023.

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh Leverage dan ukuran perusahaan terhadap Earning per Share (EPS) pada perusahaan-perusahaan yang tergabung dalam indeks LQ45 di Bursa Efek Indonesia selama periode 2019-2023. Leverage diukur menggunakan rasio Debt to Equity Ratio (DER), sementara ukuran perusahaan dihitung berdasarkan logaritma natural total aset. EPS digunakan sebagai indikator utama untuk menilai kinerja keuangan dan daya tarik investasi perusahaan. Penelitian ini menggunakan pendekatan kuantitatif dengan metode analisis regresi linear berganda. Sampel penelitian terdiri dari 35 perusahaan yang dipilih melalui metode purposive sampling. Hasil penelitian menunjukkan bahwa Leverage dan ukuran perusahaan berpengaruh secara simultan terhadap EPS.

Review

This study embarks on a highly relevant inquiry into the determinants of Earning per Share (EPS) for companies listed in Indonesia's prestigious LQ45 index. By focusing on Leverage (measured by Debt to Equity Ratio) and Firm Size (logarithm of total assets) as key independent variables, the research addresses a critical aspect of financial performance and investment attractiveness. The chosen period of 2019-2023 is particularly pertinent, as it encompasses significant economic shifts, including the global pandemic, which can offer unique insights into how these factors interact under varying market conditions. The clearly stated objective to analyze these influences positions the study as a valuable contribution for investors, analysts, and corporate strategists. Methodologically, the paper adopts a quantitative approach using multiple linear regression, which is a standard and appropriate technique for analyzing such relationships in financial data. The selection of proxies for leverage (DER) and firm size (log total assets) aligns with established practices in financial research, ensuring comparability with prior studies. The use of purposive sampling to select 35 companies from the LQ45 index indicates a deliberate effort to focus on financially sound and highly liquid firms, making the findings particularly relevant for mainstream market participants. This robust methodological framework provides a solid foundation for the reported analysis. The abstract highlights a significant finding: that Leverage and Firm Size simultaneously influence EPS. This result underscores the complex interplay of financial structure and operational scale in driving corporate profitability. While the simultaneous effect is a key takeaway, a more detailed presentation of the individual significance, direction (positive or negative), and magnitude of each independent variable's impact in the full paper would further enrich the discussion. Elucidating the specific implications of these findings for investment strategies and corporate decision-making within the Indonesian market would also greatly enhance the study's practical value, solidifying its contribution to both academic literature and financial practice.

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