ANALISIS PENGARUH KINERJA KEUANGAN PERUSAHAAN TERHADAP RETURN SAHAM PADA SEKTOR PERDAGANGAN BESAR BAN ECERAN DI BURSA EFEK JAKARTA

Soerinawati, Soerinawati (2003) ANALISIS PENGARUH KINERJA KEUANGAN PERUSAHAAN TERHADAP RETURN SAHAM PADA SEKTOR PERDAGANGAN BESAR BAN ECERAN DI BURSA EFEK JAKARTA. Masters thesis, Program Pascasarjana Universitas Diponegoro.

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Abstract

This research, titled "Analysis The Effect of Financial Performance on Stock Return at the Jakarta Stock Exchange" aims at analyzing the effect on financial performance such as : Return on Equity (ROE), Current Ratio (CR), Price to Book Value (PBV), Price to Earning Ratio (PER) and Debt to Equity Ratio (DER) toward stock return. Sampling technique is purposive sampling with the criteria of the stock of manufacture wholesale and retail having been listed over the period of 1997-2000 and the stock of manufacture wholesale and retail actively traded at the Jakarta Stock Exchange. Data was acquired based on the publication of Jakarta Stock Exchange Monthly Statistic until August 2000 and the number of sample acquired was 9 of 14 manufacture. Analyzing technique used regression and hypotesis test used t statistic and F statistic at level of significance of 5%. Empirical evidence showed that Return on Equity (ROE), Current Ratio (CR), Price to Book Value (PBV), and Debt to Equity Ratio (DER) significantly influenced stock return at level less than 5%. But Price to Earning Ratio (PER) did not significance at level less than 5% influence the stock return. This empirical evidence, however, showed that the 1997-2000 investors used Return on Equity (ROE), Current Ratio (CR), Price to Book Value (PBV), Price to Earning Ratio (PER) and Debt to Equity Ratio (DER) as the basis predict of stock return of the manufacture wholesale and retail at the Jakarta Stock Exchange. Penelitian ini berjudul "Analisis Pengaruh Kinerja Keuangan Perusahaan Terhadap Return Saham Pada Sektor Perdagangan Besar dan Eceran di Bursa Efek Jakarta" bertujuan menganalisis penagruh kinerja keuangan perusahaan seperti Return on Equity (ROE), Current Ratio (CR), Price to Book Value (PBV), Price to Earning Ratio (PER) dan Debt to Equity Ratio (DER) terhadap return saham perusahaan perdagangan besar dan eceran. Teknik sampling yang digunalcan adalah purposive sampling dengan criteria saham perusahaan perdagangan besar dan eceran yang telah terdafiar pada periode tahunl 997 sampai tahun 2000 dan saham yang masih aktif diperdagangan di Bursa Efek Jakarta. Data yang diperoleh dari Jakarta Stock Exchange Monthly Statistic sampai dengan buan agustud 2000 dan diperoleh sample sebanyak 9 dari 14 perusahaan. Telcnik analisis yang digunakan adalah regresi dan uji hipotesis menggunakan t statistik untuk menguji koefisien regresi parsial serta F statist& untuk menguji pengaruh secara bersama-sama dengan level of significance 5%. Hasil analisis menunjuldcan bahwa Return on Equity (ROE), Current Ratio (CR), Price to Book Value (PBV), clan Debt to Equity Ratio (DER) secara parsial signifikan berpengaruh terhadap return saham perusahaan perdagangan besar dan eceran. Sedangkan Price to Earning Ratio (PER) terbukti tidak signifikan pada level lairang dari 5% mempengaruhi return sabam. Bagaimartapun hasil penelitian ini menunjulckan bahwa investor pada periode tahun 1997 sampai dengan 2000 menggunakan Return on Equity (ROE), Current Ratio (CR), Price to Book Value (PBV), Price to Earning Ratio (PER) dan Debt to Equity Ratio (DER) sebagai salah satu dasar untuk memprediksi return saham.

Item Type:Thesis (Masters)
Subjects:H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:Postgraduate Program > Master Program in Management
ID Code:10570
Deposited By:Mr UPT Perpus 2
Deposited On:12 May 2010 13:14
Last Modified:19 May 2010 19:57

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