PENGARUH FAKTOR FUNDAMENTAL DAN RISIKO (BETA) TERHADAP RETURN SAHAM PADA PERUSAHAAN YANG TERMASUK DALAM INDEKS LQ 45

Diah Ismayanti, Meina Wulansari Yusniar

Abstract


This study aims to investigate the infl uence of fundamental factors (DER, ROE, PER, EPS and NPM) and risk (Beta) on stock returns of companies included in the index LQ 45.

The study sample consisted of 17 companies which for 4 years in a row including the LQ 45. The statiscaly methods used to test the hypothesis in this study, is multiple linear regression technique and obtained the following results:

1.  Simultaneous  way,  all  independent  variables  used  in  this  study  affect  the stock returns of companies included in the index LQ 45.

2.  Partially independent variables which affect the stock returns of companies included in the index is variable LQ 45 Debt Equity Ratio (X1), Earning Per  Share  (X4),  Net  Profi t  Margin  (X5)  and  Beta  (X6).  Return  on  Equity (X2) and Price Earning Ratio (X3) variable had no effect on stock returns of companies included in the index LQ 45.

Keywords :Fundamental factor, Beta and return saham


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DOI: http://dx.doi.org/10.20527/jwm.v2i1.30

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Jurnal Wawasan Manajemen by Magister Manajemen Fakultas Ekonomi dan Bisnis Universitas Lambung Mangkurat is licensed under a Creative Commons Attribution 4.0 International License. Based on a work at jwm.ulm.ac.id.