S PEA 1102031 Table of content
DAFTAR ISI
ABSTRAK .........................................................................................................
ABSTRACT .......................................................................................................
KATA PENGANTAR .......................................................................................
UCAPAN TERIMAKASIH..............................................................................
DAFTAR ISI ......................................................................................................
DAFTAR TABEL .............................................................................................
DAFTAR GAMBAR .........................................................................................
DAFTAR LAMPIRAN .....................................................................................
i
ii
iii
iv
vi
viii
ix
x
BAB I PENDAHULUAN
A.
B.
C.
D.
E.
Latar Belakang Penelitian ............................................................................
Identifikasi Masalah .....................................................................................
Rumusan Masalah ........................................................................................
Maksud dan Tujuan Penelitian.....................................................................
Kegunaan Peneliian .....................................................................................
1
7
9
9
9
BAB II LANDASAN TEORI
A. Landasan Teori .............................................................................................
1. Investasi ................................................................................................
a. Jenis-jenis Investasi ..........................................................................
b. Instrumen Investasi di Pasar Modal .................................................
c. Teori Signal ......................................................................................
2. Kinerja Keuangan .................................................................................
a. Macam-Macam Kinerja Keuangan ..................................................
b. Profitabilitas .....................................................................................
c. Jenis Rasio Profitabilitas ..................................................................
d. Return on Asset (ROA) ....................................................................
e. Return on Equity (ROE) ...................................................................
3. Saham ....................................................................................................
a. Keuntungan Saham ..........................................................................
b. Risiko Saham....................................................................................
c. Jenis Saham ......................................................................................
d. Harga Saham ....................................................................................
e. Teknik Analisis Harga Saham ..........................................................
f. Faktor yang Mempengaruhi Harga Saham.......................................
B. Penelitian Terdahulu ....................................................................................
C. Kerangka Pemikiran .....................................................................................
D. Hipotesis Penelitian .....................................................................................
10
10
10
11
11
12
13
13
14
16
17
18
18
19
19
21
22
23
24
25
28
BAB III METODE PENELITIAN
A. Desain Penelitian ......................................................................................... 29
B. Definisi dan Operasionalisasi Variabel ........................................................ 30
C. Populasi dan Sampel .................................................................................... 31
vi
Anggita Tiara Handayani, 2016
PENGARUH PROFITABILITAS TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
D. Teknik Pengumpulan Data ...........................................................................
E. Teknik Analisis dan Pengujian Hipotesis ....................................................
1. Analisis Data Penelitian ........................................................................
2. Analisis Pengujian Hipotesis ................................................................
3. Regresi Linier Multipel .........................................................................
4. Uji Keberartian Regresi (Uji F) ............................................................
5. Uji Keberartian Koefisien Regresi (Uji t) .............................................
34
34
34
36
40
45
46
BAB IV PEMBAHASAN
A. Gambaran Obyek Penelitian ........................................................................
B. Deskripsi Hasil Penelitian ............................................................................
1. Gambaran ROA Sektor Pertanian .......................................................
2. Gambaran ROE Sektor Pertanian .........................................................
3. Gambaran Harga Saham Sektor Pertanian ............................................
C. Analisis Data dan Pengujian Hipotesis ........................................................
1. Pemilihan Model Regresi Data Panel ...................................................
a. Uji Chow (Likelihood Ratio) ............................................................
2. Uji Asumsi Klasik .................................................................................
a. Uji Normalitas ..................................................................................
b. Uji Linieritas ....................................................................................
c. Uji Autokorelasi ...............................................................................
d. Uji Multikolinieritas .........................................................................
e. Uji Heteroskedastisitas .....................................................................
3. Pengujian Hipotesis ..............................................................................
a. Analisis Regresi Multipel .................................................................
b. Uji Keberartian Regresi (Uji F) ........................................................
c. Uji Keberartian Koefisien Regresi (Uji t) ........................................
D. Pembahasan Hasil Penelitian .......................................................................
48
54
54
58
61
64
64
64
65
65
67
68
70
70
71
71
73
74
76
BAB V KESIMPULAN DAN SARAN
A. Kesimpulan .................................................................................................. 80
B. Saran ............................................................................................................ 80
DAFTAR PUSTAKA ........................................................................................ 81
LAMPIRAN
vii
Anggita Tiara Handayani, 2016
PENGARUH PROFITABILITAS TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
DAFTAR TABEL
Tabel 1.1
Tabel 1.2
Tabel 1.3
Tabel 3.1
Tabel 3.2
Tabel 3.3
Tabel 3.4
Tabel 4.1
Tabel 4.2
Tabel 4.3
Tabel 4.4
Tabel 4.5
Tabel 4.6
Tabel 4.7
Tabel 4.8
Tabel 4.9
Pergerakan Harga Saham Sektoral Tahun 2010-2014............
Pergerakan Harga Saham Rata-rata Pertahun Sektor
Pertanian .................................................................................
Pertumbuhan Kapitalisasi Sektor Pertanian Tahun 20102014 ........................................................................................
Operasionalisasi Variabel .......................................................
Perusahaan yang Termasuk dalam Sektor Pertanian pada
Tahun 2014 .............................................................................
Proses Pemilihan Sampel .......................................................
Sampel Penelitian ...................................................................
Return on Asset (ROA) Sektor Pertanian tahun 2010-2014 ...
Return on Equity (ROE) Sektor Pertanian tahun 2010-2014 .
Harga Saham Sektor Pertanian Tahun 2011-2015 .................
Hasil Pengujian Chow (Likelihood Ratio) ..............................
Hasil Pengujian Linieritas ......................................................
Hasil Pengujian Autokorelasi .................................................
Hasil Pengujian Multikolinieritas ...........................................
Koefisien Variabel ..................................................................
Keputusan Pengujian Uji t ......................................................
viii
Anggita Tiara Handayani, 2016
PENGARUH PROFITABILITAS TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
3
4
6
31
32
33
34
55
58
61
65
68
69
70
72
75
DAFTAR GAMBAR
Gambar 1.1
Gambar 1.2
Gambar 2.1
Gambar 4.1
Gambar 4.2
Gambar 4.3
Gambar 4.4
Gambar 4.5
Gambar 4.6
Rata-rata Harga Saham Sektoral tahun 2010-2014 ................
Pergerakan Harga Saham Rata-rata Pertahun Subsektor
yang Berada di Sektor Pertanian ............................................
Kerangka Pemikiran ...............................................................
Perkembangan Rata-rata ROA SektorPertanian tahun 20102014 ........................................................................................
Perkembangan Rata-rata ROE SektorPertanian tahun 20102014 ........................................................................................
Perkembangan Rata-rata Harga Saham tahun 2011-2015 ......
Hasil Pengujian Normalitas ....................................................
Hasil Pengujian Normalitas ....................................................
Hasil Pengujian Heteroskedastisitas ............................................
ix
Anggita Tiara Handayani, 2016
PENGARUH PROFITABILITAS TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
4
5
28
57
60
64
66
67
71
DAFTAR LAMPIRAN
I.
II.
III.
IV.
V.
VI.
VII.
VIII.
IX.
Tabulasi Data Penelitian
Tabel Durbin Watson
Tabel Distribusi F
Tabel Distribusi t
Frekuensi Bimbingan
Surat Keterangan Judul Skripsi dan Penetapan Dosen Pembimbing Skripsi
Surat Keterangan Perubahan Judul
Lembar Evaluasi Presentasi Rancangan Usul Penelitian utuk Skripsi
Riwayat Hidup Penulis
x
Anggita Tiara Handayani, 2016
PENGARUH PROFITABILITAS TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
ABSTRAK .........................................................................................................
ABSTRACT .......................................................................................................
KATA PENGANTAR .......................................................................................
UCAPAN TERIMAKASIH..............................................................................
DAFTAR ISI ......................................................................................................
DAFTAR TABEL .............................................................................................
DAFTAR GAMBAR .........................................................................................
DAFTAR LAMPIRAN .....................................................................................
i
ii
iii
iv
vi
viii
ix
x
BAB I PENDAHULUAN
A.
B.
C.
D.
E.
Latar Belakang Penelitian ............................................................................
Identifikasi Masalah .....................................................................................
Rumusan Masalah ........................................................................................
Maksud dan Tujuan Penelitian.....................................................................
Kegunaan Peneliian .....................................................................................
1
7
9
9
9
BAB II LANDASAN TEORI
A. Landasan Teori .............................................................................................
1. Investasi ................................................................................................
a. Jenis-jenis Investasi ..........................................................................
b. Instrumen Investasi di Pasar Modal .................................................
c. Teori Signal ......................................................................................
2. Kinerja Keuangan .................................................................................
a. Macam-Macam Kinerja Keuangan ..................................................
b. Profitabilitas .....................................................................................
c. Jenis Rasio Profitabilitas ..................................................................
d. Return on Asset (ROA) ....................................................................
e. Return on Equity (ROE) ...................................................................
3. Saham ....................................................................................................
a. Keuntungan Saham ..........................................................................
b. Risiko Saham....................................................................................
c. Jenis Saham ......................................................................................
d. Harga Saham ....................................................................................
e. Teknik Analisis Harga Saham ..........................................................
f. Faktor yang Mempengaruhi Harga Saham.......................................
B. Penelitian Terdahulu ....................................................................................
C. Kerangka Pemikiran .....................................................................................
D. Hipotesis Penelitian .....................................................................................
10
10
10
11
11
12
13
13
14
16
17
18
18
19
19
21
22
23
24
25
28
BAB III METODE PENELITIAN
A. Desain Penelitian ......................................................................................... 29
B. Definisi dan Operasionalisasi Variabel ........................................................ 30
C. Populasi dan Sampel .................................................................................... 31
vi
Anggita Tiara Handayani, 2016
PENGARUH PROFITABILITAS TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
D. Teknik Pengumpulan Data ...........................................................................
E. Teknik Analisis dan Pengujian Hipotesis ....................................................
1. Analisis Data Penelitian ........................................................................
2. Analisis Pengujian Hipotesis ................................................................
3. Regresi Linier Multipel .........................................................................
4. Uji Keberartian Regresi (Uji F) ............................................................
5. Uji Keberartian Koefisien Regresi (Uji t) .............................................
34
34
34
36
40
45
46
BAB IV PEMBAHASAN
A. Gambaran Obyek Penelitian ........................................................................
B. Deskripsi Hasil Penelitian ............................................................................
1. Gambaran ROA Sektor Pertanian .......................................................
2. Gambaran ROE Sektor Pertanian .........................................................
3. Gambaran Harga Saham Sektor Pertanian ............................................
C. Analisis Data dan Pengujian Hipotesis ........................................................
1. Pemilihan Model Regresi Data Panel ...................................................
a. Uji Chow (Likelihood Ratio) ............................................................
2. Uji Asumsi Klasik .................................................................................
a. Uji Normalitas ..................................................................................
b. Uji Linieritas ....................................................................................
c. Uji Autokorelasi ...............................................................................
d. Uji Multikolinieritas .........................................................................
e. Uji Heteroskedastisitas .....................................................................
3. Pengujian Hipotesis ..............................................................................
a. Analisis Regresi Multipel .................................................................
b. Uji Keberartian Regresi (Uji F) ........................................................
c. Uji Keberartian Koefisien Regresi (Uji t) ........................................
D. Pembahasan Hasil Penelitian .......................................................................
48
54
54
58
61
64
64
64
65
65
67
68
70
70
71
71
73
74
76
BAB V KESIMPULAN DAN SARAN
A. Kesimpulan .................................................................................................. 80
B. Saran ............................................................................................................ 80
DAFTAR PUSTAKA ........................................................................................ 81
LAMPIRAN
vii
Anggita Tiara Handayani, 2016
PENGARUH PROFITABILITAS TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
DAFTAR TABEL
Tabel 1.1
Tabel 1.2
Tabel 1.3
Tabel 3.1
Tabel 3.2
Tabel 3.3
Tabel 3.4
Tabel 4.1
Tabel 4.2
Tabel 4.3
Tabel 4.4
Tabel 4.5
Tabel 4.6
Tabel 4.7
Tabel 4.8
Tabel 4.9
Pergerakan Harga Saham Sektoral Tahun 2010-2014............
Pergerakan Harga Saham Rata-rata Pertahun Sektor
Pertanian .................................................................................
Pertumbuhan Kapitalisasi Sektor Pertanian Tahun 20102014 ........................................................................................
Operasionalisasi Variabel .......................................................
Perusahaan yang Termasuk dalam Sektor Pertanian pada
Tahun 2014 .............................................................................
Proses Pemilihan Sampel .......................................................
Sampel Penelitian ...................................................................
Return on Asset (ROA) Sektor Pertanian tahun 2010-2014 ...
Return on Equity (ROE) Sektor Pertanian tahun 2010-2014 .
Harga Saham Sektor Pertanian Tahun 2011-2015 .................
Hasil Pengujian Chow (Likelihood Ratio) ..............................
Hasil Pengujian Linieritas ......................................................
Hasil Pengujian Autokorelasi .................................................
Hasil Pengujian Multikolinieritas ...........................................
Koefisien Variabel ..................................................................
Keputusan Pengujian Uji t ......................................................
viii
Anggita Tiara Handayani, 2016
PENGARUH PROFITABILITAS TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
3
4
6
31
32
33
34
55
58
61
65
68
69
70
72
75
DAFTAR GAMBAR
Gambar 1.1
Gambar 1.2
Gambar 2.1
Gambar 4.1
Gambar 4.2
Gambar 4.3
Gambar 4.4
Gambar 4.5
Gambar 4.6
Rata-rata Harga Saham Sektoral tahun 2010-2014 ................
Pergerakan Harga Saham Rata-rata Pertahun Subsektor
yang Berada di Sektor Pertanian ............................................
Kerangka Pemikiran ...............................................................
Perkembangan Rata-rata ROA SektorPertanian tahun 20102014 ........................................................................................
Perkembangan Rata-rata ROE SektorPertanian tahun 20102014 ........................................................................................
Perkembangan Rata-rata Harga Saham tahun 2011-2015 ......
Hasil Pengujian Normalitas ....................................................
Hasil Pengujian Normalitas ....................................................
Hasil Pengujian Heteroskedastisitas ............................................
ix
Anggita Tiara Handayani, 2016
PENGARUH PROFITABILITAS TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
4
5
28
57
60
64
66
67
71
DAFTAR LAMPIRAN
I.
II.
III.
IV.
V.
VI.
VII.
VIII.
IX.
Tabulasi Data Penelitian
Tabel Durbin Watson
Tabel Distribusi F
Tabel Distribusi t
Frekuensi Bimbingan
Surat Keterangan Judul Skripsi dan Penetapan Dosen Pembimbing Skripsi
Surat Keterangan Perubahan Judul
Lembar Evaluasi Presentasi Rancangan Usul Penelitian utuk Skripsi
Riwayat Hidup Penulis
x
Anggita Tiara Handayani, 2016
PENGARUH PROFITABILITAS TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu