Earnings Per Share (EPS) Proven Key Driver of Consumer Stock Prices
The study looked at how Return on Assets (ROA), Return on Equity (ROE), and Earnings Per Share (EPS) impact stock prices in consumer goods companies on the IDX from 2014 to 2019. They used data from companies like Indofood and Japfa, and found that ROA and ROE don't affect stock prices, but EPS does. When all three factors are considered together, they do influence stock prices.