PENGARUH FINANCIAL LEVERAGE TERHADAP EARNING PER SHARE PADA PT. TELEKOMUNIKASI INDONESIA TBK

Earning per share is a ratio that show how big the profit that will be received

by each investor. Commonly company management, share holder, very interested to

earning per share because it shows sum of rupiah that will be received. Financial

leverage is the use of fixed cost with the hope of change to the earning per share the

purpose of this research is to know financial leverage development and to know

earning per share development at PT. Telekomunikasi Indonesia Tbk in 2001-2006

period, and to know how big the influence of financial leverage at PT.

The method that used is descriptive quantitative method with person product

moment correlation analysis and simple regression linier analysis. To calculate how

big the influence of financial leverage to earning per share, writer use coefficient

determination and for t test with significantcy layer is 0,05.

Based form research result and analysis showed that financial leverage

influenced to earning per share at PT. Telekomuniksi Indonesia Tbk this can be

showed with using statistic method and using SPSS 12, 0 for window program. In the

calculation it resulted the regression Y = 1226,41 + (-1483,48) X, correlation value

(r) = 0,838, coefficien determination (cd) =70,2 % which means eps influenced 70,2

% by financial leverage negative value, sided way. While in hypotesis test with t test

resulted t count = -3,07 while t table value = -2,77 where t count > t table which mean

H0 rejected H1 accented which means also financial leverage influenced to earning

Keysword : Financial Leverage, Earning Per Share