PENGARUH DIVIDEND PER SHARE, RETURN ON ASSETS, PRICE EARNINGS RATIO, DAN DEBT EQUITY RATIO TERHADAP HARGA SAHAM (Studi Empiris Pada Perusahaan Manufaktur Dan Non Manufaktur Yang Terdaftar Di Bursa Efek Indonesia tahun 2008-2012)

Nursinggih, Aldhi Pandu (2013) PENGARUH DIVIDEND PER SHARE, RETURN ON ASSETS, PRICE EARNINGS RATIO, DAN DEBT EQUITY RATIO TERHADAP HARGA SAHAM (Studi Empiris Pada Perusahaan Manufaktur Dan Non Manufaktur Yang Terdaftar Di Bursa Efek Indonesia tahun 2008-2012). Other thesis, Universitas Sebelas Maret.

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    Abstract

    Penelitian ini bertujuan untuk mengetahui pengaruh dividend per share, return on assets, price earnings ratio, dan debt equity ratio terhadap perusahaan manufaktur dan non manufaktur yang terdaftar di Bursa Efek Indonesia pada periode pengamatan 2008-2012. Data yang digunakan adalah jenis data sekunder. Variabel DPS, ROA, PER, dan DER diperoleh dari laporan keuangan yang berakhir tanggal 31 Desember yang diambil dari Indonesia Stock Exchange berupa data tahunan dari tahun 2008-2011. Variabel harga saham diperoleh dari harga saham tahunan yaitu pada saat harga saham tertinggi dan terendah pada akhir tahun dibagi dua dari tahun 2009-2012. Populasi yang digunakan dalam penelitian ini adalah seluruh perusahaan manufaktur yang terdaftar di BEI. Dengan metode purposive sampling, dipilih sampel sebanyak 29 perusahaan manufaktur dimana dan 31 perusahaan non manufaktur yang membagikan dividen selama 4 tahun berturutturut. Metode analisis yang digunakan adalah analisis regresi linear berganda. Uji hipotesis meliputi uji t, uji F, koefisien determinasi, serta uji asumsi klasik yang berupa uji normalitas, uji multikolinearitas, uji autokorelasi, dan uji heterokedastisitas melalui program IBM SPSS 20. Hasil dari penelitian ini menyimpulkan: (1) dividend per share berpengaruh signifikan positif terhadap harga saham perusahaan manufaktur dan non manufaktur (2) return on assets berpengaruh signifikan positif terhadap harga saham perusahaan manufaktur dan non manufaktur (3) price earnings ratio berpengaruh positif tidak signifikan terhadap harga saham perusahaan manufaktur tetapi berpengaruh signifikan positif terhadap harga saham perusahaan non manufaktur (4) debt equity ratio berpengaruh negatif tidak signifikan terhadap harga saham manufaktur tetapi berpengaruh signifikan positif terhadap harga saham perusahaan non manufaktur. Kata kunci: Dividend Per Share, Return On Assets, Price Earnings Ratio, Debt Equity Ratio, Harga Saham This study aimed to determine the effect of the dividend per share, return on assets, price earnings ratio, and debt to equity ratio of manufacturing and nonmanufacturing companies listed on the Indonesia Stock Exchange in the observation period 2008-2012 The data used are secondary data types. Variables of DPS, ROA, PER, and DER is obtained from the financial statements ended December 31, which was taken from the Indonesia Stock Exchange in the form of annual data from 2008- 2011. Stock price variable is obtained from the annual stock price at the time the highest and lowest share price at year-end divided two of the year 2009-2012. The population used in this study are all companies listed on the Stock Exchange. With purposive sampling method, selected sample of 29 manufacturing companies and 31 where non-manufacturing companies that distribute dividends for 4 consecutive years. The analytical method used was multiple linear regression analysis. Hypothesis testing includes t test, F test, the coefficient of determination, as well as the classical assumption that a normality test, multicollinearity test, autocorrelation test, and heterocedasticity test through IBM SPSS 20 program The results of this study concluded : (1) dividend per share significantly positive effect on stock prices of manufacturing and non-manufacturing firms (2) return on assets significantly positive effect on stock prices of manufacturing and non-manufacturing firms (3) price earnings ratio is not significant positive effect on stock prices of manufacturing firms but significant positive effect on stock prices of non manufacturing company (4) debt equity ratio significant negative effect on stock prices of manufacturing but significant positive effect on stock prices of non manufacturing company Keywords: Dividend Per Share, Return On Assets, Price Earnings Ratio, Debt Equity Ratio, Stock Price

    Item Type: Thesis (Other)
    Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
    Divisions: Fakultas Ekonomi > Manajemen
    Depositing User: Miftahful Purnanda
    Date Deposited: 03 May 2014 17:31
    Last Modified: 03 May 2014 17:31
    URI: https://eprints.uns.ac.id/id/eprint/14496

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