ANALISIS PENGARUH RASIO PASAR SEBAGAI TOLOK UKUR PENGEMBALIAN INVESTASI TERHADAP HARGA SAHAM PADA PERUSAHAAN LQ-45 DAN JII DI BURSA EFEK INDONESIA (BEI) SELAMA TAHUN 2008-2011

ANGGANA, REZA PATRA (2013) ANALISIS PENGARUH RASIO PASAR SEBAGAI TOLOK UKUR PENGEMBALIAN INVESTASI TERHADAP HARGA SAHAM PADA PERUSAHAAN LQ-45 DAN JII DI BURSA EFEK INDONESIA (BEI) SELAMA TAHUN 2008-2011. Other thesis, Universitas Sebelas Maret.

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    Abstract

    ANALISIS PENGARUH RASIO PASAR SEBAGAI TOLOK UKUR PENGEMBALIAN INVESTASI TERHADAP HARGA SAHAM PADA PERUSAHAAN LQ-45 DAN JII DI BURSA EFEK INDONESIA (BEI) SELAMA TAHUN 2008-2011 Reza Patra Anggana F0209099 ABSTRAKSI Penelitian ini mempunyai tujuan untuk mengetahui pengaruh Earning Per Share (EPS), Dividen Per Share (DPS), Price/Earning Ratio (PER), Dividen Payout Ratio (DPR) dan Price to Book Value (PBV) terhadap harga saham baik secara simultan maupun parsial, dan juga untuk mengetahui perbedaan pengaruh Earning Per Share (EPS), Dividen Per Share (DPS), Price/Earning Ratio (PER), Dividen Payout Ratio (DPR) dan Price to Book Value (PBV) terhadap harga saham antara perusahaan LQ-45 dan JII. Populasi dalam penelitian ini adalah perusahaan LQ-45 dan JII yang terdaftar di Bursa Efek Indonesia tahun 2008 sampai tahun 2011. Perusahaan yang dipilih dengan menggunakan metode random sampling dengan proporsi jumlah yang sama pada kedua perusahaan. Pengujian terhadap sampel memperoleh kesimpulan bahwa variabel Earning Per Share (EPS), Dividen Per Share (DPS), Price/Earning Ratio (PER), Dividen Payout Ratio (DPR) dan Price to Book Value (PBV) pada perusahaan LQ-45 maupun JII secara simultan mempunyai pengaruh signifikan terhadap harga saham. Secara parsial, untuk perusahaan LQ-45, semua variabel yaitu variabel Earning Per Share (EPS), Dividen Per Share (DPS), Price/Earning Ratio (PER), Dividen Payout Ratio (DPR) dan Price to Book Value (PBV) mempunyai pengaruh signifikan terhadap harga saham. Sedangkan pada perusahaan JII, variabel Dividen Per Share (DPS), Dividen Payout Ratio (DPR) dan Price to Book Value (PBV) berpengaruh secara signifikan terhadap harga saham. Hanya variabel Price/Earning Ratio (PER) yang tidak berpengaruh terhadap harga saham. Hasil pengujian Koefisien Determinasi (Adjusted ) menunjukkan bahwa nilai adjusted R square pada perusahaan LQ-45 adalah 0,799 atau 79,9%, sedangkan pada perusahaan JII nilai adjusted R square adalah 0,893 atau 89,3%. Ini menunjukkan bahwa sebesar 79,9% dan 89,3% dari variabel dependen dapat dijelaskan oleh variabel independen. Sedangkan sisanya dapat dijelaskan oleh faktor-faktor lain diluar model yang tidak diteliti. Oleh karena itu, penelitian selanjutnya sebaiknya menambahkan rasio keuangan yang lain atau memasukkan faktor eksternal perusahaan. Kata kunci : Earning Per Share (EPS), Dividen Per Share (DPS), Price/Earning Ratio (PER), Dividen Payout Ratio (DPR) Price to Book Value (PBV), harga saham THE ANALYSIS OF MARKET RATIO EFFECTS AS A MEASUREMENT OF INVESTATION RETURNING TOWARD STOCK PRICE OF LQ-45 AND JII COMPANY IN INDONESIAN STOCK EXCHANGE (ISE) DURING THE YEARS OF 2008-2011 Reza Patra Anggana F0209099 ABSTRACT The aim of this research is to know the effects of Earning Per Share (EPS), Dividen Per Share (DPS), Price/Earning Ratio (PER), Dividen Payout Ratio (DPR) and Price to Book Value (PBV) toward the stock price whether simultaneously or partially, and also to know the differences of the effects of Earning Per Share (EPS), Dividen Per Share (DPS), Price/Earning Ratio (PER), Dividen Payout Ratio (DPR) and Price to Book Value (PBV) toward the stock price between the LQ-45 and JII company. The population of this research are LQ-45 and JII company which are registered in Indonesian Stock Exchange in 2008 until 2011. The companies which are selected by using random sampling method with the same number of proportion in both of the companies. The testing of the samples can conclude that the variables of Earning Per Share (EPS), Dividen Per Share (DPS), Price/Earning Ratio (PER), Dividen Payout Ratio (DPR) and Price to Book Value (PBV) in LQ-45 company or JII simultaneously has significant effects for stock price. Partially, for LQ-45 company, the variable of Earning Per Share (EPS), Dividen Per Share (DPS), Price/Earning Ratio (PER), Dividen Payout Ratio (DPR) and Price to Book Value (PBV) has significant effects for stock price. While in JII company, the variable of Dividen Per Share (DPS), Dividen Payout Ratio (DPR) and Price to Book Value (PBV) has significant effects for stock price. Only the variable of Price/Earning Ratio (PER) which has no effect for stock price. The result of the testing of Determination Coefficient (Adjusted R2) shows that the value of adjusted R square in LQ-45 company is 0.799 or 79,9%, while in JII company the value of adjusted R square is 0,893 or 89,3%. It shows that 79,9% and 89,3% from the dependent variable can be explained by the independent variable. While the rest, can be explained by the other factors out of the model which are not being analyzed. Therefore, it would be better if the next research adds the other finance ratios or adds the external factors of the company. Keywords :Earning Per Share (EPS), Dividen Per Share (DPS), Price/Earning Ratio (PER), Dividen Payout Ratio (DPR) Price to Book Value (PBV), harga saham

    Item Type: Thesis (Other)
    Subjects: H Social Sciences > H Social Sciences (General)
    Divisions: Fakultas Ekonomi > Manajemen
    Depositing User: Noviana Daruwati Kusuma Adi
    Date Deposited: 18 Apr 2014 22:42
    Last Modified: 18 Apr 2014 22:42
    URI: https://eprints.uns.ac.id/id/eprint/12069

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