Faktor-faktor yang Mempengaruhi Harga Saham Perusahaan Otomotif dan Komponen di Bursa Efek Indonesia
ABSTRAK
FAKTOR-FAKTOR YANG MEMPENGARUHI HARGA SAHAM
PERUSAHAAN OTOMOTIF DAN KOMPONEN TERBUKA
DI BURSA EFEK INDONESIA
Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh
Return on Equity, Return on Assets, Debt to Equity Ratio, Price to Book Value,
Price to Earning Ratio, dan Earning per Share pada perusahaan otomotif dan
komponen di Bursa Efek Indonesia periode tahun 2011-2015. Jumlah populasi
yang digunakan pada penelitian ini sebanyak 13 perusahaan dan sampel sebanyak
12 perusahaan. Jenis data yang digunakan adalah data sekunder yang bersumber
dari laporan keuangan perusahaan otomotif dan komponen yang terdaftar di Bursa
Efek Indonesia. Teknik analisis data menggunakan analisis statistik deskriptif dan
analisis regresi linear berganda dengan metode Common Effects Model (CEM).
Hasil penelitian menunjukkan bahwa secara simultan Return on Equity, Return on
Assets, Debt to Equity Ratio, Price to Book Value, Price to Earning Ratio, dan
Earning per Share berpengaruh signifikan terhadap harga saham. Secara parsial
Return on Equity berpengaruh positif tidak signifikan terhadap harga saham,
Return on Assets berpengaruh negatif signifikan terhadap harga saham, Debt to
Equity Ratio berpengaruh negatif signifikan terhadap harga saham, Price to Book
Value berpengaruh positif signifikan terhadap harga saham, Price to Earning per
Share berpengaruh positif signifikan terhadap harga saham, dan Earning per
Share berpengaruh positif signifikan terhadap harga saham pada perusahaan
otomotif dan komponen di Bursa Efek Indonesia periode 2011-2015. Nilai
koefisien determinasi menunjukkan bahwa sebesar 67,61% harga saham
perusahaan otomotif dan komponen dapat dijelaskan oleh Return on Equity,
Return on Assets, Debt to Equity Ratio, Price to Book Value, Price to Earning
Ratio, dan Earning per Share sedangkan sisanya sebesar 32,39% dijelaskan oleh
variabel lain yang tidak diteliti pada penelitian ini.
Kata Kunci : Return on Equity, Return on Assets, Debt to Equity Ratio, Price to
Book Value, Price to Earning Ratio, Earning per Share, dan
Harga Saham.
i
Universitas Sumatera Utara
ABSTRACT
THE FACTORS AFFECTING THE STOCK PRICE ON THE
AUTOMOTIVE AND COMPONENTS IN INDONESIA
STOCK EXCHANGE
The purpuse of this research is to identify and analyze the influence of
Return on Equity, Return on Assets, Debt to Equity Ratio, Price to Book Value,
Price to Earning Ratio, and Earning per Share at automotive and components
companies in the Indonesia Stock Exchange period 2011-2015. Population used
13 company’s and sample 12 company. The data used is secondary data obtained
from the company's financial statements banking companies listed on the
Indonesia Stock Exchange. Data analyzed used descriptive statistical analysis and
multiple linear regression analysis with Common Effects Model. The data
analyzed used descriptive statistical analysis and multiple linear regression
analysis with Common Effects Model. The results showed that simultaneous
Return on Equity, Return on Assets, Debt to Equity Ratio, Price to Book Value,
Price to Earning Ratio, and Earning per Share have significant impact on the
Stock Price. Partially results that Return on Equity positive effect not
significantly on stock price, Return on Assets have significant negative effect on
stock price, Debt to Equity Ratio have significant negative effect on stock prices,
Price to Book Value have significant positive effect on stock price, Price to
Earning per Share have significant positive effect on stock price, and Earning per
Share have significant positive effect on stock price at automotive companies
listed in Indonesia Stock Exchange 2011-2015 period. The coefficient of
determination shows that 67.61% the stock price of automotive and components
companies can be explained by Return on Equity, Return on Assets, Debt to
Equity Ratio, Price to Book Value, Price to Earning Ratio, Earnings per Share
while the remaining 32,39% is explained by other variables not included in this
research.
Keywords:
Return on Equity, Return on Assets, Debt to Equity Ratio, Price to
Book Value, Price to Earning Ratio, Earning per Share, and Stock
Price.
ii
Universitas Sumatera Utara
FAKTOR-FAKTOR YANG MEMPENGARUHI HARGA SAHAM
PERUSAHAAN OTOMOTIF DAN KOMPONEN TERBUKA
DI BURSA EFEK INDONESIA
Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh
Return on Equity, Return on Assets, Debt to Equity Ratio, Price to Book Value,
Price to Earning Ratio, dan Earning per Share pada perusahaan otomotif dan
komponen di Bursa Efek Indonesia periode tahun 2011-2015. Jumlah populasi
yang digunakan pada penelitian ini sebanyak 13 perusahaan dan sampel sebanyak
12 perusahaan. Jenis data yang digunakan adalah data sekunder yang bersumber
dari laporan keuangan perusahaan otomotif dan komponen yang terdaftar di Bursa
Efek Indonesia. Teknik analisis data menggunakan analisis statistik deskriptif dan
analisis regresi linear berganda dengan metode Common Effects Model (CEM).
Hasil penelitian menunjukkan bahwa secara simultan Return on Equity, Return on
Assets, Debt to Equity Ratio, Price to Book Value, Price to Earning Ratio, dan
Earning per Share berpengaruh signifikan terhadap harga saham. Secara parsial
Return on Equity berpengaruh positif tidak signifikan terhadap harga saham,
Return on Assets berpengaruh negatif signifikan terhadap harga saham, Debt to
Equity Ratio berpengaruh negatif signifikan terhadap harga saham, Price to Book
Value berpengaruh positif signifikan terhadap harga saham, Price to Earning per
Share berpengaruh positif signifikan terhadap harga saham, dan Earning per
Share berpengaruh positif signifikan terhadap harga saham pada perusahaan
otomotif dan komponen di Bursa Efek Indonesia periode 2011-2015. Nilai
koefisien determinasi menunjukkan bahwa sebesar 67,61% harga saham
perusahaan otomotif dan komponen dapat dijelaskan oleh Return on Equity,
Return on Assets, Debt to Equity Ratio, Price to Book Value, Price to Earning
Ratio, dan Earning per Share sedangkan sisanya sebesar 32,39% dijelaskan oleh
variabel lain yang tidak diteliti pada penelitian ini.
Kata Kunci : Return on Equity, Return on Assets, Debt to Equity Ratio, Price to
Book Value, Price to Earning Ratio, Earning per Share, dan
Harga Saham.
i
Universitas Sumatera Utara
ABSTRACT
THE FACTORS AFFECTING THE STOCK PRICE ON THE
AUTOMOTIVE AND COMPONENTS IN INDONESIA
STOCK EXCHANGE
The purpuse of this research is to identify and analyze the influence of
Return on Equity, Return on Assets, Debt to Equity Ratio, Price to Book Value,
Price to Earning Ratio, and Earning per Share at automotive and components
companies in the Indonesia Stock Exchange period 2011-2015. Population used
13 company’s and sample 12 company. The data used is secondary data obtained
from the company's financial statements banking companies listed on the
Indonesia Stock Exchange. Data analyzed used descriptive statistical analysis and
multiple linear regression analysis with Common Effects Model. The data
analyzed used descriptive statistical analysis and multiple linear regression
analysis with Common Effects Model. The results showed that simultaneous
Return on Equity, Return on Assets, Debt to Equity Ratio, Price to Book Value,
Price to Earning Ratio, and Earning per Share have significant impact on the
Stock Price. Partially results that Return on Equity positive effect not
significantly on stock price, Return on Assets have significant negative effect on
stock price, Debt to Equity Ratio have significant negative effect on stock prices,
Price to Book Value have significant positive effect on stock price, Price to
Earning per Share have significant positive effect on stock price, and Earning per
Share have significant positive effect on stock price at automotive companies
listed in Indonesia Stock Exchange 2011-2015 period. The coefficient of
determination shows that 67.61% the stock price of automotive and components
companies can be explained by Return on Equity, Return on Assets, Debt to
Equity Ratio, Price to Book Value, Price to Earning Ratio, Earnings per Share
while the remaining 32,39% is explained by other variables not included in this
research.
Keywords:
Return on Equity, Return on Assets, Debt to Equity Ratio, Price to
Book Value, Price to Earning Ratio, Earning per Share, and Stock
Price.
ii
Universitas Sumatera Utara