FAKTOR FUNDAMENTAL DAN RISIKO SISTEMATIK: Analisis Perbandingan Antar Sektor

Abstract

This research was designed to analyse the effect of fundamental factors (financial leverage, company size, liquidity, profitability, and dividend payout ratio) on sistematic risk at Primary Sector, Secondary Sector dan Tersiary Sector in Indonesian Stock Exchange (BEI) from year 2010 to 2013. Data Panel regression applied in the research to analyze the effect of financial leverage, profitability, company size, liquidity, and dividend payout ratio on systematic risk. Furthermore, the result showed that fundamental factors have less effect on systematic risk in primary sector. In secondary sector, the result showed that financial leverage and company size have significant effect on systematic risk. In tersiary sector, financial leverage and dividend payout ratio have significant effect on systematic risk. For all samples, financial leverage and dividend payout ratio have significant effect on systematic risk.