“CAPITAL ASSET PRICING MODEL SEBAGAI DASAR PENGAMBILAN KEPUTUSAN INVESTASI SAHAM PADA PERUSAHAAN YANG TERDAFTAR DI Jakarta Islamic Index (JII)”
| Main Author: | RETNA, DANANG WEDHA |
|---|---|
| Format: | Thesis NonPeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
, 2007
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| Subjects: | |
| Online Access: |
http://eprints.umm.ac.id/9988/1/CAPITAL_ASSET_PRICING_MODEL_SEBAGAI_DASAR_PENGAMBILANKEPUTUSAN_INVESTASI_SAHAM_PADA_PERUSAHAAN_YANGTERDAFTAR_DI_Jakarta_Islamic_Index.pdf http://eprints.umm.ac.id/9988/ |
Daftar Isi:
- This study is quantitative description research to firm that listed in Stock Exchange of Jakarta, Muhammadiyah University of Malang by title, “Capital asset Pricing Model as Base Decision Taking of Investment to Firm that Listed in Jakarta Islamic Index (JII)” The goal of this study is to know how to determine stock investment appropriately to each kind of investor by using CAPM to Firm that listed in JII. The analysis tool is used to know how to determine stock investment appropriately to each kind of investor by through calculation step are; Return Individual (Ri), Return Market (Rm), Risk free Rate, Beta (β), and Expected return (E(Ri)). Base on the calculation by using CAPM analysis may be know that base on the stock observed show that Beta (β) and Expected Return E(Ri) have highest on BLTA stock by (β) value about 1.768649 and E((Ri) about 0.728037, and the last position in SMAR stock by (β) value about -0.899828 and E(Ri) value about -0.352551. Base on the calculation, generally may be know that SML linier it show more high risk on stock (β) then more high also to benefit degree that expected return E(Ri) from stock investment. Beside that based on the calculation may be determine stock investment that more exactly to each kind of investor are follow: for risk seeker then stock investment will be done to BLTA, APEX, UNVR, ASTI, ANTM dan INCO, while to risk neutrality then stock investment will be done to INDF, TLKM, TRUB, ISAT dan INTP, and the last for risk averter then stock investment will be done to MEDC, CTRA, SMGR, KLBF, INKP, LPKR, UNTR, PGAS, BUMI, SMCB, PTBA, BTEL, AALI dan CPRO. Base on the calculation above, so writer may imply that investor invest that fund to stock that suitable with kind of investment in face risk.