MAULANA IRFAN, . (2011) PENGA VARIAB RUH LE ILITY T VERAG ERHADA PENGARUH LEVERAGE, LIKUIDITAS DAN EARNINGS VARIABILITY TERHADAP BETA SAHAM. Sarjana thesis, UNIVERSITAS NEGERI JAKARTA.
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Maulana Irfan - Pengaruh Leverage, Likuiditas dan Earnings Variability Terhadap Beta Saham.pdf Download (3MB) |
Abstract
Ketika berinvestasi dalam pasar modal khususnya saham, investor dihadapkan dengan berbagai resiko salah satunya adalah resiko sistematis. Resiko sistematis ini diukur dengan menggunakan beta dan beberapa perusahaan mempunyai beta yang berbeda dengan perusahaan yang lain. Perbedaan beta setiap perusahaan disebabkan oleh beberapa faktor dan salah satunya adalah faktor fundamental. Tujuan dari penelitian ini adalah : 1) menganalisa faktor-faktor (financial leverage, operating leverage, likuiditas dan earnings variability) yang mempengaruhi resiko sistematis (beta) saham selama periode 2005 – 2007. 2) menganalisa faktor-faktor (financial leverage, operating leverage, likuiditas, dan earnings variability) yang mempengaruhi resiko sistematis (beta) saham secara parsial dan simultan di Bursa Efek Indonesia. Penelitian ini terdiri dari 30 perusahaan sektor industri dasar dan kimia & industri barang dan konsumsi yang terdaftar dan aktif melakukan perdagangan di Bursa Efek Indonesia selama 2005 – 2007. Dalam penelitian ini untuk menentukan jumlah sampel menggunakan kriteria berdasarkan metode purposive sampling. Hasil penelitian menunjukkan bahwa : pertama, secara parsial, operating leverage tidak mempengaruhi terhadap resiko sistematis (beta) saham. Kedua, financial leverage, likuiditas, earnings variability secara parsial mempengaruhi terhadap resiko sistematis (beta) saham. Ketiga, secara simultan bahwa financial leverage, operating leverage, likuiditas dan earnings variability mempengaruhi terhadap resiko sistematis (beta) saham. When investing in securities specifically common stock, investors face various risks, one of them is systematic risk. This systematic risk is measured by beta and each firm has a beta different from that of other firms. The difference in this beta is caused by number of factors and one of them is the firms fundamental factors. This research aims to analyze : 1) factors (financial leverage, operating leverage, liquidity and earnings variability) affecting the risk (measured by stock beta) during the period 2005 - 2007. 2) how financial leverage, operating leverage, liquidity, and earnings variability affect the beta stocks of firms (partial and simultaneous) that go public on Indonesia Stock Exchange. This research covers 30 sector basic industry and chemicals & consumer goods industry firms that include active stock and listing on the Indonesia Stock Exchange up to 2005 – 2007. Furthermore, the criterion that uses in this research is purposive sampling method. The findings of the research suggest/indicate that : first, operating leverage do not have significant effect/influence to beta stocks. Second, financial leverage, liquidity and earnings variability have significant effect/influence to beta stocks. Third, financial leverage, operating leverage, liquidity and earnings variability in simultaneous have significant effect/influence to beta stocks.
| Item Type: | Thesis (Sarjana) |
|---|---|
| Additional Information: | 1) Dra. Etty Gurendrawati ,M.Si.,Ak, 2) M. Yasser Arafat, SE., MM, |
| Subjects: | Ilmu Sosial > Perdagangan, e-commerce > Akuntansi |
| Divisions: | FE > S1 Akuntansi |
| Depositing User: | sawung yudo |
| Date Deposited: | 30 Jun 2022 06:26 |
| Last Modified: | 30 Jun 2022 06:26 |
| URI: | http://repository.unj.ac.id/id/eprint/31163 |
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