ANALISIS PENGARUH KEBIJAKAN DEVIDEN DAN STRUKTUR MODAL TERHADAP BETA SAHAM (Studi Pada Saham Syariah di Perusahaan yang Terdaftar di Bursa Efek Periode 2009-2011)

Abstract

This study investigates the impact of deviden policy and capital structure on beta stock. Deviden policy in this study using the measurement indicator Deviden Payout Ratio (DPR). While capital structure use proportion of long-term financing permanent companies. The population in this study are all of the companies listed on the Indonesia Stock Exchange and is continously published financial statements in the year 2009- 2011. Based on purposive sampling method, samples obtained is 50 companies in the period 2009-2011 so obtain 150 observations. The criteria of beta stock in this study was measured by using single index methode. This study used multiple regression as a data analysis tool. The result of this research showed that deviden policy have not significant impact on beta stock but capital structure have significant impact on the beta stock