Pengaruh Dividend Per Share, Return On Asset dan Debt Equity Ratio terhadap Harga Saham (Studi pada Perusahaan Property, Real Estate and Building Contruction yang terdaftar di Bursa Efek Indonesia per

Fauziah, Karina (2014) Pengaruh Dividend Per Share, Return On Asset dan Debt Equity Ratio terhadap Harga Saham (Studi pada Perusahaan Property, Real Estate and Building Contruction yang terdaftar di Bursa Efek Indonesia per. Sarjana thesis, Universitas Brawijaya.

Abstract

Pasar modal menjadi salah satu alternatif investasi bagi investor dengan menanamkan modalnya sebagai pendanaan perusahaan-perusahaan yang membutuhkan dana. Pasar modal memiliki beberapa instrumen yang diperdagangkan, salah satu instrumen yang digemari oleh investor adalah saham biasa. Keputusan untuk melakukan investasi saham cenderung memiliki risiko yang tinggi, sehingga dapat membuat pemodal memperoleh keuntungan tinggi dan sebaliknya pemodal juga dapat menderita kerugian yang besar. Haga saham yang fluktuatif dan berubah-ubah, membuat investor harus jeli dan semakin berhati-hati dalam pengambilan keputusan investasi. Pengambilan keputusan investasi yang tepat diperlukan analisa keuangan yang baik, tidak hanya melihat laba bersih yang dihasilkan perusahaan melainkan investor juga perlu analisis laporan keuangan sebagai pertimbangan dalam menentukan harga saham. Tujuan dalam penelitian ini adalah untuk menjelaskan pengaruh variabel Dividend Per Share (X1), Return on Asset (X2), dan Debt Equity Ratio (X3) terhadap Harga Saham (Y) pada perusahaan Property, Real Estate and Building Contruction yang terdaftar di Bursa Efek Indonesia periode 2010-2012. Jenis penelitian yang dilakukan dalam penelitian ini adalah penelitian penjelasan (explanatory research) dengan pendekatan kuantitatif. Populasi yang terdapat dalam penelitian ini adalah 39 perusahaan Property, Real Estate and Building Contruction yang terdaftar di BEI, dengan menggunakan teknik purposive sampling maka perusahaan yang menjadi sampel penelitian hanya sebanyak 13 perusahaan. Analisis data yang digunakan adalah menggunakan analisis statistik deskriptif dan statistik inferensial dengan bantuan software Statistical Package for the Social Sciences (SPSS) 16. Hasil penelitian ini menunjukkan bahwa variabel Dividend Per Share (X1), Return on Asset (X2), dan Debt Equity Ratio (X3) secara simultan berpengaruh signifikan terhadap Harga Saham (Y). Dapat dilihat dari nilai uji F dengan Fhitung > Ftabel yaitu 22,051 > 2,874, serta nilai R Adjusted Square menunjukkan angka 0,624 yang berarti bahwa variabel tersebut memberikan kontribusi sebesar 62,4% terhadap Harga Saham. Secara parsial variabel ROA tidak berpengaruh signifikan terhadap Harga Saham dengan signifikansi sebesar 0,309 sedangkan variabel DPS dan DER berpengaruh signifikan terhadap Harga Saham dengan signifikansi sebesar 0,000 dan 0,049. Variabel DPS berpengaruh dominan terhadap Harga Saham dengan nilai standardized coefficients sebesar 0,833. Saran peneliti terhadap investor adalah sebaiknya sebelum mengambil keputusan untuk menanamkan modalnya investor perlu mempertimbangkan faktor-faktor yang dapat mempengaruhi harga saham.

English Abstract

Capital market became an investment alternative for investors to invest their capital as funding companies that need funds. The capital market has traded instruments, one instrument is favored by investors common stock The decision to invest in stocks tend to have a high risk, so that investors can make high gain and vice versa investors may also suffer huge losses. Stock prices fluctuate and change, investors must be sharp and more cautious in making investment decisions. Making the right investment decisions required financial analysis good, not just look at the company generated net income, but investors also need a financial statement analysis as a consideration in determining stock prices. The purpose of this study was to clarify the effect of the variable Dividend Per Share (X1), Return on Asset (X2), and the Debt Equity Ratio (X3) for the Stock Price (Y) on Property, Real Estate and Building Contruction listed on the Indonesia Stock Exchange period 2010-2012. This type of research conducted in this study is to research the explanation (explanatory research) with a quantitative approach. The population included in this study were 39 Property, Real Estate and Building Contruction Companies listed on BEI, using purposive sampling techniques, the company that became the study sample as many as 13 companies only. Analysis of the data used is to use statistical analysis descriptive and inferential statistics with the help of the software Statistical Package for the Social Sciences (SPSS) 16. The results of this study indicate that the variable Dividend Per Share (X1), Return on Asset (X2), and Debt Equity Ratio (X3) simultaneously significant effect on Stock Price (Y). It can be seen from the value of the Ftest with Faritmathic > Ftable is 22.051 > 2.874, and the Adjusted R Square shows the number 0.624 which means that these variables accounted for 62.4 % of the stock price. In partial ROA does not significantly influence the stock price with a significance of 0.309 while the DPS and DER variables significantly influence the stock price with a significance of 0.000 and 0.049. Variable DPS dominant influence on stock price with standardized coefficients value of 0.833. Advice to investors is to research well before making a decision to invest, investors need to consider the factors that may influence the stock prices.

Item Type: Thesis (Sarjana)
Identification Number: SKR/FIA/2014/185/051403381
Subjects: 600 Technology (Applied sciences) > 658 General management
Divisions: Fakultas Ilmu Administrasi > Ilmu Administrasi Bisnis / Niaga
Depositing User: Budi Wahyono Wahyono
Date Deposited: 23 Jun 2014 14:04
Last Modified: 22 Oct 2021 07:38
URI: http://repository.ub.ac.id/id/eprint/116272
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