Putri, Nail Kurnia (2018) Analisis Pengaruh Faktor Fundamental Perusahaan Terhadap Risiko Sistematis (Beta) Pada Saham Perusahaan Bumn Yang Terdaftar Di Bursa Efek Indonesia (Bei) Periode 2014-2017. Sarjana thesis, Universitas Brawijaya.
Abstract
Penelitian ini bertuJuan untuk memperoleh Bukti empiris tentang pengaruh faktor fundamental perusahaan pada risiko sistematis yang tercermin dengan nilai beta saham. Faktor fundamental perusahaan diproksikan dengan variabel cyclicality, operating leverage, financial leverage, current ratio, dan assets growth, dengan variabel kontrol firm size. Populasi dari penelitian ini adalah perusahaan BUMN yang terdaftar di Bursa Efek Indonesia pada tahun 2014 sampai 2017. Jumlah sample adalah 13 perusahaan dengan empat tahun pengamatan, sehingga total sample yang diteliti sebanyak 52. Analisis data dilakukan dengan menggunakan asumsi klasik dan pengujian hipotesis dengan menggunakan regresi linier. Hasil penelitian ini menunjukkan bahwa hanya variabel operating leverage dan variabel kontrol firm size yang berpengaruh terhadap beta saham. Sernentara itu, variabel cyclicality, financial leverage, current ratio, dan assets growth, tidak memiliki darnpak yang signifikan terhadap beta saham. Hasil penelitian ini diharapkan bisa menjadi pertimbangan bagi investor dalam pengambilan keputusan investasinya terkait pengukuran beta saham.
English Abstract
This study aims to obtain empirical evidence about the influence of the company's fundamental factors on systematic risk as reflected by the value of the stock beta. The company's fundamental factors are proxied by cyclicality variables, operating leverage, financial leverage, current ratio, and assets growth, with the control variable firm size. The population of this study are state-owned companies listed on the Indonesia Stock Exchange in 2014 to 2017.The number of samples is 13 companies with four years of observation, so that the total sample studied is 52. Data analysis was carried out using classical assumptions and hypothesis testing using linear regression. The results of this study indicate that only operating leverage variables and firm size control variables that affect the stock beta. Meanwhile, the cyclicality variable, financial leverage, current ratio, and assets growth, do not have a significant effect on the stock beta. The results of this study are expected to be a consideration for investors in making investment decisions related to stock beta measurement.
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | SKR/FE/2018/451/051809242 |
| Uncontrolled Keywords: | Risiko Sistematis, Beta Saham, Cyclicality, Operating Leverage, Financial Leverage, Current Ratio, Likuiditas, Asset Growth-Systematic Risk, Beta Stocks, Cyclicality, Operating Leverage, Financial Leverage, Current Ratio, Liquidity, Asset Growth |
| Subjects: | 300 Social sciences > 332 Financial economics > 332.6 Investment |
| Divisions: | Fakultas Ekonomi dan Bisnis > Akuntansi |
| Depositing User: | Nur Cholis |
| Date Deposited: | 28 May 2019 01:44 |
| Last Modified: | 28 May 2019 01:44 |
| URI: | http://repository.ub.ac.id/id/eprint/164425 |
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