Halim, Zulkarnain (2010) Pengaruh Dividend Payout Ratio, Debt to Equity Ratio, Return on Assets, Size Company dan Earning Growth terhadap Stock Return (Studi Empiris pada Perusahaan Pertambangan yang Terdaftar di BEI Tahun 20. Magister thesis, Universitas Brawijaya.
Abstract
Salah satu cerminan dari pengharapan investasi terhadap nilai ekonomi perusahaan dimasa datang adalah harga saham. Dengan dinamisnya harga saham maka untuk memilih suatu saham perlu dilakukan analisa yang mendalam terhadap berbagai faktor yang akan dapat mempengaruhi perusahaan dalam pencapaian nilai ekonomisnya. Analisa fundamental merupakan salah satu pendekatan dalam menganalisa saham. Tujuan penelitian ini adalah (1) Mengetahui pengaruh secara simultan dari variabel Dividend Payout Ratio, Debt to Equity Ratio, Return on Assets, Size Company dan Earning Growth terhadap Stock Return pada perusahaan sektor pertambangan (2) Mengetahui pengaruh secara parsial dari variabel Dividend Payout Ratio, Debt to Equity Ratio, Return on Assets, Size Company dan Earning Growth terhadap Stock Return pada perusahaan sektor pertambangan (3) Mengetahui pengaruh dominan variabel Dividend Payout Ratio, Debt to Equity Ratio, Return on Assets, Size Company, Earning Growth terhadap Stock Return pada perusahaan sektor pertambangan. Penelitian yang dilakukan termasuk penelitian penjelasan ( explanatory research ), karena melakukan telaah mengenai pengaruh suatu variabel independen terhadap variabel dependen dan merumuskan hipotesis untuk diuji. Jumlah sampel yang diteliti adalah 6 sampel perusahaan pertambangan selama periode 2003-2008. Jadi jumlah observasi penelitian adalah 36 observasi. Analisis data yang digunakan adalah analisis regresi ( regression analysis ). Hasil dari penelitian ini adalah (1) variabel Dividend Payout Ratio, Debt to Equity Ratio, Return on Assets, Size Company dan Earning Growth berpengaruh secara simultan terhadap Stock Return pada perusahaan sektor pertambangan (2) variabel Dividend Payout Ratio, Return on Assets, Size Company dan Earning Growth berpengaruh secara parsial terhadap Stock Return dan variabel Debt to Equity Ratio tidak berpengaruh secara parsial terhadap Stock Return pada perusahaan sektor pertambangan (3) Size Company merupakan faktor yang paling besar kaitannya dalam meningkatkan Stock Return pada perusahaan sektor pertambangan.
English Abstract
One of the reflections of investment expectation on future economical value of a company is stock rate. With the dynamic stock rate, it is, then, necessary to perform an in-depth analysis on numerous factors possibly influencing the company in achieving its economical value when it is about to select a stock. Fundamental analysis constitutes one of approaches to stock analysis. This research aimed at (1) discovering the simultaneous influence of variables dividend payout ratio, debt-to-equity ratio, return on assets, company size and earning growth on stock return in mining sector companies; (2) discovering the partial influence of variables dividend payout ratio, debt-to-equity ratio, return on assets, company size and earning growth on stock return in mining sector companies; and (3) discovering the dominant influence of variables dividend payout ratio, debt-to-equity ratio, return on assets, company size and earning growth on stock return in mining sector companies. The current study was one of explanatory research, since it reviewed the influence of independent variables on a dependent variable and it formulated hypotheses to be tested. The amount of sample under investigation was 6 mining companies during 2003-2008 periods, making the number of research observations 36. The data were analyzed using regression analysis. The results of this research indicated that (1) variables dividend payout ratio, debt-to-equity ratio, return on assets, company size and earning growth simultaneously influenced the stock return in mining sector companies; (2) variables dividend payout ratio, return on assets, company size and earning growth did not partially influence the stock return in mining sector companies; and (3) company size had been of greatest relevance in increasing the stock return of mining sector companies.
| Item Type: | Thesis (Magister) |
|---|---|
| Identification Number: | TES/332.604 2/HAL/p/041003745 |
| Subjects: | 300 Social sciences > 332 Financial economics > 332.6 Investment |
| Divisions: | S2/S3 > Magister Ilmu Ekonomi, Fakultas Ekonomi dan Bisnis |
| Depositing User: | Endro Setyobudi |
| Date Deposited: | 10 Jan 2011 14:29 |
| Last Modified: | 10 Jan 2011 14:29 |
| URI: | http://repository.ub.ac.id/id/eprint/155751 |
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