PENGARUH INVESTMENT OPPORTUNITY SET, PRICE EARNING RASIO, RETURN ON ASSET TERHADAP RETURN SAHAM PADA PERUSAHAAN MINYAK DAN GAS BUMI TERDAFTAR DIBURSA EFEK INDONESIA 2013-2017
Daftar Isi:
- This study aims to analyze the effect of investment opportunity set, price earning rasio, return on assets in oil and sub-sector companies listed on the stock exchange in the 2013-2017 period. This study explains the factors that influence stock returns. These factors are investment opportunity set, price earning rasio, and return on assets. The data used in this research are secondary data obtained from the indonesia stock exchange in the 2013-2017 period.While the method of sampling in the field uses purposive sampling techninque. Purposive sampling method is a sampling technique by selecting purposive samples or samples that aim subjectively. The obtained a sample of 9 companies for five years in a row so that obtained 45 observations. The analytical method in this study uses the classic assumption test, multiple linear regression analysis, t test, F test, and the coefficient of determination.Based on the results of data analysis conducted on all data obtained, the following conclusions can be drawn: 1) IOS has a positive and significant effect on stock returns, as evedenced by value of Sig. (pvalue)= 0,001 < 0,05 and tcount 3,717 > ttabel 2,020 so that hypothesis 1 can be accepted. 2) PER has a negative and significant effect on stock returns, as evedenced by value of Sig. (pvalue)= 0,017 < 0,05 and tcount -2,480 > ttabel 2,020 so that hypothesis 2 can be accepted. 3) ROA has a positive and not significant effect on stock returns, as evedenced by value of Sig. (pvalue)= 0,113 < 0,05 and tcount 1,553 > ttabel 2,020 so that hypothesis 3 can be rejected.