PENGARUH OPERATINGLEVERAGE DAN FINANCIAL LEVERAGE TERHADAP EARNINGPERSHARE (EPS) PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BEI TAHUN 2016-2018

Abstract

This study aims to examine the effect of Operating Leverage and Financial Leverage Against Earning Per Share (EPS) in the Manufacturing Company Ang Consumer Goods Industry Listed on the Stock Exchange in 2016-2018. The research data was obtained from questionnaire data (secondary). The population in this study were all of the Consumer Goods Industry Sector Companies that were Listed on the Indonesia Stock Exchange in 2016-2018. The sampling method was purposive sampling. This study uses a quantitative approach. The analysis used is multiple linear regression analysis, with the t test and the coefficient of determination (R²).

Test results show that. First, the influence of Operating Leverage has a positive and significant effect on earnings per share (EPS) where t arithmetic 3,452 > t table 2,034 and a significant value of 0,002 < 0,05. Both Financial Leverage has a positive and significant effect on Earning Per Share (EPS) where t arithmetic 3,033 > t table 2,034 and a significant value of 0,005 < 0,05. Obtained Coeficiency Obtained equal to 0,480 or equal to 48% which means the magnitude of the Effect of Operating Leverage and Financial Leverage on Earning Per Share (EPS) is 48% while the remaining 52% is explained by other causative factors originating from outside of the regression not examined in this research.