PENGARUH FAKTOR FUNDAMENTAL PERUSAHAAN TERHADAP RISIKO SISTEMATIK SAHAM DI BURSA EFEK INDONESIA
| Main Authors: | , Muhammad Gunadi, , Prof. Dr. Eduardus Tandelilin, M.B.A. |
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| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2013
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/120440/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=60471 |
Daftar Isi:
- This study aimed to examine the effect of the company's fundamentals for the systematic risk of shares in Indonesia Stock Exchange. Fundamental factor in the company's financial ratios comprised of 5 financial ratios namely liquidity ratio, leverage ratio, profitability ratio, activity ratio, and the ratio of market value. The liquidity ratio is represented by current ratio, leverage ratio is represented by the debt ratio, profitability ratio represented by the profit margin on sales, the activity ratio is represented by the total assets turnover, and the ratio of market value is represented by the price earnings ratio. This research is a quantitative study. The study population was all shares listed on the Indonesia Stock Exchange in the period 2007-2011, while samples were taken from active stocks of nonfinancial companies included in the Kompas 100 index. The study was conducted by the method of multiple linear regression using SPSS, with the classic assumptions test on the data as normality test, multicollinearity test, tocorrelation test, and heteroscedasticity test. Further significance test is test the coefficient of determination (R2), F statistical test, and t-test to know the effect of financial ratios against systematic risk. The results showed that the liquidity ratio has a significant effect on the rate of 10%, and the leverage ratio and the activity ratio have a significant influence on the level of 1% of the systematic risk in the Indonesia Stock Exchange in accordance with the hypothesis proposed. Meanwhile, profitability ratios, and the ratio of the market value do not significantly affect the systematic risk of shares on the Indonesia Stock contrast to the hypothesis.