Factors affecting earning per share: The case of Indonesia

Abstract

The main aim of this study is to examine if financial factors such as Return on Assets, Price to Book Value and Debt Equity Ratio have any influence on the Earning Per Share. The analysis is focusing on the manufacturing sector of Indonesia using companies indexed in the Indonesian Stock Exchange. The results showed that there is an influence of Price to Book Value on Earning Per Share as well as of Debt Equity Ratio to Earning Per Share. The coefficient of determination is relatively high supporting the results.