PENGARUH KEBIJAKAN HUTANG TERHADAP TINGKAT PENGEMBALIAN SAHAM PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) (PERIODE 2009-2013)
| Main Author: | Miftakur , Rochmah |
|---|---|
| Format: | Article PeerReviewed application/pdf |
| Bahasa: | eng |
| Terbitan: |
Program Studi Ilmu Administrasi Bisnis
, 2015
|
| Subjects: | |
| Online Access: |
http://eprints.upnjatim.ac.id/7134/1/4._JURNAL.pdf http://eprints.upnjatim.ac.id/7134/ |
Daftar Isi:
- This research aims to investigate the simultaneous and partial influences Debt to Equity Ratio (X1) and Debt to Asset Ratio (X2) on the banking companies listed in Indonesia Stock Exchange period 2009 to 2013. The data obtained from the study ICMD, IDX, Stocks Ok, Yahoo Finance and Financial Statements. Total population in this study were as many as 41 companies and sample results obtained 8 companies that meet the criteria. The research sample was determined by purposive sampling of banking companies listed in Indonesia Stock Exchange during the period from 2009 to 2013 were issued rate of return (return) respectively which tended to decline each year. Data analysis techniques in this research using multiple linear regression analysis. Based on the results of multiple regression analysis of the conclusions that can be drawn from this study is the result of simultaneous test (F test) concluded that simultaneous Debt to Equity Ratio (X1) and the Debt to Asset Ratio (X2) no significant effect on stock returns since F count < F table, so the first hypothesis stating Debt to Equity Ratio (X1) and the Debt to Asset Ratio (X2) simultaneously there is an effect not proven true. The result of partial test (t test) concluded that partial Debt to Equity Ratio (X1) obtained t table > t count and the Debt to Asset Ratio (X2) obtained t table > t count, it can be concluded that there is partial effect with stock returns so that the second hypothesis which states that the Debt to Equity Ratio (X1) and the Debt to Asset Ratio (X2) is partially affected by stock returns are also unsubstantiated .