PENGARUH KENAIKAN HARGA BAHAN BAKAR MINYAK (BBM) TAHUN 2013 TERHADAP INVESTASI SAHAM (Event Study Saham pada Perusahaan Otomotif dan Komponen yang Terdaftar di Bursa Eefek Indonesia.
PENGARUH KENAIKAN HARGA BAHAN BAKAR MINYAK (BBM)
TAHUN 2013 TERHADAP INVESTASI SAHAM
(Event Study Saham pada Perusahaan Otomotif dan Komponen yang
Terdaftar di Bursa Eefek Indonesia)
SKRIPSI
Diajukan sebagai salah satu syarat untuk memperoleh gelar Sarjana pada
Program Studi S1 Manajemen Fakultas Ekonomi Universitas Andalas
Oleh
FARID SILIWANGI R
0910522020
FAKULTAS EKONOMI
UNIVERSITAS ANDALAS
2014
1
DAFTAR ISI
ABSTRAK
KATA PENGANTAR ...................................................................ii
DAFTAR ISI ...................................................................................vi
DAFTAR TABEL ...........................................................................vii
DAFTAR GAMBAR ......................................................................viii
BAB I PENDAHULUAN
1.1 Latar Belakang ...........................................................................1
1.2 Rumusan Masalah ......................................................................6
1.3 Tujuan Penelitian ........................................................................6
1.4 Manfaat Penelitian ......................................................................6
1.5 Batasan Masalah .........................................................................7
1.6 Sistematika Penulisan .................................................................7
BAB II TINJAUAN LITERATUR
2.1 Investasi .....................................................................................9
2.2 Investor .......................................................................................10
2.3 Saham .........................................................................................11
2.3.1 Pengertian Saham ..............................................................11
2.3.2 Jenis-Jenis Saham .............................................................12
2.3.3 Harga Pasar Saham
2.3.4 Faktor-Faktor yang Mempengaruhi Harga Saham
2.4 Return
13
14
15
2.4.1 Pengertian Return ..............................................................15
2.4.2 Return Tak Normal (Abnormal Return)
18
6
2.4.3 Volume Perdagangan Saham
18
2.5 Kebijakan Pemerintah .................................................................19
2.5.1 Pengaertian Kebijakan Pemerintah
19
2.5.2 Faktor Kebijakan Pemerintah Menaikkan Harga BBM
20
2.6 Telaah Penelitian Terdahulu .......................................................21
2.7 Kerangka Pemikiran ...................................................................24
2.8 Hipotesis
24
BAB III METODE PENELITIAN
3.1 Desain Penelitian .............................................................................27
3.2 Jenis Dan Sumber Data ...............................................................30
3.3 Populasi Dan Sampel ....................................................................30
3.4 Metode Pengumpulan Data ............................................................32
3.5 Devenisi Operasional Variabel ......................................................33
3.6 Teknik Analisis Data .....................................................................37
BAB IV ANALISIS DATA DAN PEMBAHASAN
4.1 Hasil Analisis Data .......................................................................40
4.1.1 Analisis Deskriptif
40
4.1.2 Statistik Deskriptif
42
4.1.3 Uji Normalitas
44
4.2 Pengujian Hipotesis ........................................................................47
4.3 Pembahasan Hasil Penelitian ..........................................................49
4.3.1 Rata-Rata Return Tak Normal (Abnormal Return)
49
4.3.2 Rata-Rata Volume Perdagangan (Trading Volume Activity)
52
4.6 Implikasi Hasil Penelitian ..............................................................54
7
BAB V PENUTUP
5.1 Kesimpulan ......................................................................................57
5.2 Keterbatasan Penelitian ...................................................................58
5.3 Saran ................................................................................................59
DAFTAR PUSTAKA .........................................................................
LAMPIRAN ........................................................................................
9
TAHUN 2013 TERHADAP INVESTASI SAHAM
(Event Study Saham pada Perusahaan Otomotif dan Komponen yang
Terdaftar di Bursa Eefek Indonesia)
SKRIPSI
Diajukan sebagai salah satu syarat untuk memperoleh gelar Sarjana pada
Program Studi S1 Manajemen Fakultas Ekonomi Universitas Andalas
Oleh
FARID SILIWANGI R
0910522020
FAKULTAS EKONOMI
UNIVERSITAS ANDALAS
2014
1
DAFTAR ISI
ABSTRAK
KATA PENGANTAR ...................................................................ii
DAFTAR ISI ...................................................................................vi
DAFTAR TABEL ...........................................................................vii
DAFTAR GAMBAR ......................................................................viii
BAB I PENDAHULUAN
1.1 Latar Belakang ...........................................................................1
1.2 Rumusan Masalah ......................................................................6
1.3 Tujuan Penelitian ........................................................................6
1.4 Manfaat Penelitian ......................................................................6
1.5 Batasan Masalah .........................................................................7
1.6 Sistematika Penulisan .................................................................7
BAB II TINJAUAN LITERATUR
2.1 Investasi .....................................................................................9
2.2 Investor .......................................................................................10
2.3 Saham .........................................................................................11
2.3.1 Pengertian Saham ..............................................................11
2.3.2 Jenis-Jenis Saham .............................................................12
2.3.3 Harga Pasar Saham
2.3.4 Faktor-Faktor yang Mempengaruhi Harga Saham
2.4 Return
13
14
15
2.4.1 Pengertian Return ..............................................................15
2.4.2 Return Tak Normal (Abnormal Return)
18
6
2.4.3 Volume Perdagangan Saham
18
2.5 Kebijakan Pemerintah .................................................................19
2.5.1 Pengaertian Kebijakan Pemerintah
19
2.5.2 Faktor Kebijakan Pemerintah Menaikkan Harga BBM
20
2.6 Telaah Penelitian Terdahulu .......................................................21
2.7 Kerangka Pemikiran ...................................................................24
2.8 Hipotesis
24
BAB III METODE PENELITIAN
3.1 Desain Penelitian .............................................................................27
3.2 Jenis Dan Sumber Data ...............................................................30
3.3 Populasi Dan Sampel ....................................................................30
3.4 Metode Pengumpulan Data ............................................................32
3.5 Devenisi Operasional Variabel ......................................................33
3.6 Teknik Analisis Data .....................................................................37
BAB IV ANALISIS DATA DAN PEMBAHASAN
4.1 Hasil Analisis Data .......................................................................40
4.1.1 Analisis Deskriptif
40
4.1.2 Statistik Deskriptif
42
4.1.3 Uji Normalitas
44
4.2 Pengujian Hipotesis ........................................................................47
4.3 Pembahasan Hasil Penelitian ..........................................................49
4.3.1 Rata-Rata Return Tak Normal (Abnormal Return)
49
4.3.2 Rata-Rata Volume Perdagangan (Trading Volume Activity)
52
4.6 Implikasi Hasil Penelitian ..............................................................54
7
BAB V PENUTUP
5.1 Kesimpulan ......................................................................................57
5.2 Keterbatasan Penelitian ...................................................................58
5.3 Saran ................................................................................................59
DAFTAR PUSTAKA .........................................................................
LAMPIRAN ........................................................................................
9