THE INFLUENCE OF DER, EPS AND FINANCIAL DISTRESS ON STOCK PRICES

Abstract

The growth of the population in Indonesia has an impact on the increasing needs of the community for food and beverages. This condition has led investors to be interested in investing their capital in companies in the food and beverage sector. This research aims to determine the influence of Debt to Equity Ratio (DER), Earning Per Share (EPS), and Financial Distress on stock prices. The study focuses on manufacturing companies in the food and beverage sub-sector listed on the Indonesia Stock Exchange from 2020 to 2022. This quantitative research involved a sample of 111 companies selected through purposive sampling. The analysis method used was multiple linear regression analysis with SPSS 26. The partial results indicate that the Debt to Equity Ratio (DER) variable has a significant negative impact on the company's stock prices, while the Earning Per Share (EPS) and Financial Distress variables do not have a significant effect on stock prices. Simultaneously, the Debt to Equity Ratio (DER), Earning Per Share (EPS), and Financial Distress variables in this study collectively influence the stock prices of food and beverage companies.