STUDI EMPIRIS TERHADAP DUA FAKTOR YANG MEMPENGARUHI RETURN SAHAM PADA INDUSTRI FOOD & BEVERAGES DI BURSA EFEK JAKARTA

Authors

  • Michell Suharli Staf Pengajar Universitas Katolik Indonesia Atma Jaya

:

https://doi.org/10.9744/jak.7.2.pp.%2099-116

Keywords:

return of stock investment, debt to equity ratio, systematic risk.

Abstract

This research examine two factors that influence return of stock investment. The factors are leverage and systematic risk. Leverage is measured by debt to equity ratio, compute total debts divide total equities. Systematic risk is measured by beta of stock, compute according to capital assets pricing model (CAPM) theory. This research focuses on food and beverages industry. The objects are companies that listing in Jakarta Stock Exchange in 2001-2004. Data is analyzed by multi regression analysis, using SPSS program. The result, both of factors have no significant influence toward return of stock. Abstract in Bahasa Indonesia : Riset ini merupakan penelitian empiris terhadap factor yang mempengaruhi return (tingkat pengembalian) saham. Objek penelitian adalah perusahaan public di bidang industri food and beverages yang terdaftar di Bursa Efek Jakarta (BEJ) dengan periode laporan keuangan tahun 2001-2004. Return saham dihitung dari persentase perubahan harga saham penutupan setiap akhir tahun. Faktor yang diduga mempengaruhi return saham pada penelitian ini adalah rasio hutang (debt to equity ratio) dan tingkat risiko yang diukur dengan beta saham berdasarkan teori capital assest pricing model (CAPM). Data dianalisa dengan menggunakan regresi berganda dengan program SPSS. Hasil penelitian menunjukkan, bahwa rasio hutang dan tingkat risiko tidak memberikan pengaruh signifikan terhadap return saham. Kata kunci: return saham, debt to equity ratio, tingkat risiko

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Published

2006-05-23

How to Cite

Suharli, M. (2006). STUDI EMPIRIS TERHADAP DUA FAKTOR YANG MEMPENGARUHI RETURN SAHAM PADA INDUSTRI FOOD & BEVERAGES DI BURSA EFEK JAKARTA. Jurnal Akuntansi Dan Keuangan, 7(2), pp. 99-116. https://doi.org/10.9744/jak.7.2.pp. 99-116

Issue

Vol. 7 No. 2 (2005): NOVEMBER 2005

Section

Articles

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