PERAN PROFITABILITAS DALAM MEMEDIASI PENGARUH TINGKAT SUKU BUNGA DAN LEVERAGE TERHADAP RETURN SAHAM
| Main Authors: | Aditya, I Gusti Ngurah Wira, Badjra, Ida Bagus |
|---|---|
| Format: | Article info application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Udayana
, 2018
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| Online Access: |
https://ojs.unud.ac.id/index.php/Manajemen/article/view/36470 https://ojs.unud.ac.id/index.php/Manajemen/article/view/36470/23238 |
Daftar Isi:
- The aim of this research is to analyze the influence of interest rate on profitability, the influence of leverage on profitability, the influence of interest rate on stock return, the influence of leverage on stock return, the influence of profitability on stock return, the influence of interest rate on stock return through profitability, the influence of leverage on stock return through profitability. This research is conducted on companies in the building construction sub sector listed in the Indonesian Stock Exchange with a total population of 13 companies and total sample is 7 companies determined using the purposive sampling method. The data analysis technique used is the path analysis and sobel test. Based on analysis results, it was found that interest rate has positive and significant influence on profitability, leverage has positive and significant influence on profitability, interest rate has positive and significant influence on stock return, leverage has positive and significant influence on stock return, profitability has positive but insignificant influence on stock return, profitability is significantly not capable of mediating the influence of interest rate on stock return, and profitability is significantly not capable of mediating the influence of leverage on stock return.
- Penelitian ini bertujuan untuk menganalisis pengaruh tingkat suku bunga terhadap profitabilitas, pengaruh leverage terhadap profitabilitas, pengaruh tingkat suku bunga terhadap return saham, pengaruh leverage terhadap return saham, pengaruh profitabilitas terhadap return saham, pengaruh tingkat suku bunga terhadap return saham melalui profitabilitas, pengaruh leverage terhadap return saham melalui profitabilitas. Penelitian ini dilakukan di perusahaan sub sektor konstruksi bangunan yang terdaftar di BEI dengan populasi 13 perusahaan dan sampel 7 perusahaan dengan metode purposive sampling. Teknik analisis data menggunakan analisis jalur dan uji sobel. Berdasarkan hasil analisis ditemukan bahwa tingkat suku bunga berpengaruh positif signifikan terhadap profitabilitas, leverage berpengaruh positif signifikan terhadap profitabilitas, tingkat suku bunga berpengaruh positif signifikan terhadap return saham, leverage berpengaruh positif signifikan terhadap return saham, profitabilitas berpengaruh positif tidak signifikan terhadap return saham, profitabilitas secara signifikan tidak mampu memediasi pengaruh tingkat suku bunga terhadap return saham, dan profitabilitas secara signifikan tidak mampu memediasi pengaruh leverage terhadap return saham.