PENGARUH FAKTOR MAKRO EKONOMI, RESIKO SISTEMATIS, KINERJA AKUNTANSI DAN KINERJA EKONOMI TERHADAP RETURN SAHAM Studi Empirik pada Perusahaan Pertambangan di Bursa Efek Indonesia
| Main Authors: | , Rudy Pinem, , Prof. Dr. Tandelilin Eduardus, M.B.A. |
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| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2012
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/98342/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=53489 |
Daftar Isi:
- The mining industry is projected to continue to grow in the future, but the company sector is very vulnerable and sensitive to fluctuations in macroeconomic conditions regionally and globally so it is difficult to predict the stock prices of mining sector. This research was conducted to test the effect of Macroeconomic factors consisting of Inflation, Exchange Rate Rp / US $, and Interest Rate Risk, Systematic (Beta), Accounting for Performance of Return On Investment and Operating Cash Flow and Economic Performance, represented by Economic Value Added (EVA) on the Stock Return Mining Company in Indonesia Stock Exchange. The sample in this study using purposive sampling method with a total of 10 companies listed mining industry in Indonesia Stock Exchange during the period 2006 to 2010. Hypothesis testing is done by using multiple linear regression analysis by first doing classical assumption that includes test data normality, multikolonieritas, heteroskedatisitas, autocorrelation, and test the model linearity. The results of this study indicate Inflation and Exchange Rate USD / U.S. $ significant negative effect on stock return, interest rate of SBI, Beta and ROI significant positive effect on stock return, OCF and EVA negative but not significant effect on stock return. Correlation coefficient (R) Square 0,736 shows the relationship between variables Independ INFLATION, EXCHANGE, SBI, BETA, ROI, OCF and EVA has a very strong relationship with correlation values> 0.60 that is equal to 73.6%.