Faktor - Faktor Yang Mempengaruhi Return Saham Pada Industri Barang Konsumsi Yang Terdaftar Di Bursa Efek Indonesia
ABSTRAK
Penelitian ini bertujuan untuk menemukan bukti empiris dan faktor-faktor
yang mempengaruhi return saham pada industri barang konsumsi. Objek dalam
penelitian ini adalah perusahaan industri barang konsumsi yang terdaftar di BEI
pada periode 2009-2011.
Metode pengumpulan data dalam penelitian ini dilakukan dengan teknik
dokumentasi. Data sekunder diperoleh dari laporan keuangan yang terdapat di
dalam Indonesian Capital Market Directory (ICMD) 2011 dan website Bursa
Efek Indonesia (www.idx.co.id). Teknik pengolahan data dilakukan dengan
analisis statistik dengan bantuan SPSS 17.0
Hipotesis dalam penelitian ini adalah current ratio(CR), return on asset
(ROA), return on equity (ROE), earning per share (EPS), debt to asset ratio
(DAR), debt to equity ratio (DER), net profit margin (NPM), price to book value
(PBV), price earning ratio (PER) secara parsial dan secara simultan berpengaruh
signifikan terhadap return saham. Pengujian hipotesis dilakukan melalui uji t (uji
parsial) dan uji F (uji simultan).
Hasil analisis menunjukkan bahwa secara simultan, seluruh variabel
independen dalam penelitian ini tidak berpengaruh signifikan terhadap return
saham. Secara parsial variabel current ratio(CR), return on asset (ROA), return
on equity (ROE), earning per share (EPS), debt to asset ratio (DAR), debt to
equity ratio (DER), net profit margin (NPM), price to book value (PBV), price
earning ratio (PER) tidak berpengaruh signifikan terhadap return saham.
Kata kunci: Current Ratio, Return on Asset, Return on Equity, Earning Per
Share, Debt to Asset Ratio, Debt to Equity Ratio, Net Profit
Margin, Price to Book Value , Price Earning Ratio, dan Return
Saham.
Universitas Sumatera Utara
ABSTRACT
This study aims to find empirial evidence and the factors that affect stock
returns in the consumer goods industry. Objects in this study is the consumer
goods industry company listed on the Stock Exchange in the period 2009-2011
Methods of data coleection in this study was done by using documentation
technique, Secondary data obtained from the financial statements contained in the
Indonesian Capital Market Directory (ICMD) in 2011 and the Indonesia Stock
Exchange website (www.idx.co.id). Data processing techniques performed by
statistical analysis using SPSS 17.0
The hypothesis of this study is the current ratio (CR), return on assets
(ROA), return on equity (ROE), earning per share (EPS), debt to asset ratio
(DAR), debt to equity ratio (DER), net profit margin (NPM), price to book value
(PBV), price earning ratio (PER) partially and simultaneously significant effect on
stock returns. Hypothesis testing is done by t test (partial testing) and F test (test
simultaneously).
The analysis showed that simultaneous, all the independent variables in
this study had no significant effect on stock returns. Partial variable current ratio
(CR), return on assets (ROA), return on equity (ROE), earning per share (EPS),
debt to asset ratio (DAR), debt to equity ratio (DER), the net profit margin (NPM),
price to book value (PBV), price earnings ratio (PER) had no significant effect on
stock returns.
Key words: Current Ratio, Return on Asset, Return on Equity, Earning Per
Share, Debt to Asset Ratio, Debt to Equity Ratio, Net Profit
Margin, Price to Book Value , Price Earning Ratio, and Stock
return.
Universitas Sumatera Utara
Penelitian ini bertujuan untuk menemukan bukti empiris dan faktor-faktor
yang mempengaruhi return saham pada industri barang konsumsi. Objek dalam
penelitian ini adalah perusahaan industri barang konsumsi yang terdaftar di BEI
pada periode 2009-2011.
Metode pengumpulan data dalam penelitian ini dilakukan dengan teknik
dokumentasi. Data sekunder diperoleh dari laporan keuangan yang terdapat di
dalam Indonesian Capital Market Directory (ICMD) 2011 dan website Bursa
Efek Indonesia (www.idx.co.id). Teknik pengolahan data dilakukan dengan
analisis statistik dengan bantuan SPSS 17.0
Hipotesis dalam penelitian ini adalah current ratio(CR), return on asset
(ROA), return on equity (ROE), earning per share (EPS), debt to asset ratio
(DAR), debt to equity ratio (DER), net profit margin (NPM), price to book value
(PBV), price earning ratio (PER) secara parsial dan secara simultan berpengaruh
signifikan terhadap return saham. Pengujian hipotesis dilakukan melalui uji t (uji
parsial) dan uji F (uji simultan).
Hasil analisis menunjukkan bahwa secara simultan, seluruh variabel
independen dalam penelitian ini tidak berpengaruh signifikan terhadap return
saham. Secara parsial variabel current ratio(CR), return on asset (ROA), return
on equity (ROE), earning per share (EPS), debt to asset ratio (DAR), debt to
equity ratio (DER), net profit margin (NPM), price to book value (PBV), price
earning ratio (PER) tidak berpengaruh signifikan terhadap return saham.
Kata kunci: Current Ratio, Return on Asset, Return on Equity, Earning Per
Share, Debt to Asset Ratio, Debt to Equity Ratio, Net Profit
Margin, Price to Book Value , Price Earning Ratio, dan Return
Saham.
Universitas Sumatera Utara
ABSTRACT
This study aims to find empirial evidence and the factors that affect stock
returns in the consumer goods industry. Objects in this study is the consumer
goods industry company listed on the Stock Exchange in the period 2009-2011
Methods of data coleection in this study was done by using documentation
technique, Secondary data obtained from the financial statements contained in the
Indonesian Capital Market Directory (ICMD) in 2011 and the Indonesia Stock
Exchange website (www.idx.co.id). Data processing techniques performed by
statistical analysis using SPSS 17.0
The hypothesis of this study is the current ratio (CR), return on assets
(ROA), return on equity (ROE), earning per share (EPS), debt to asset ratio
(DAR), debt to equity ratio (DER), net profit margin (NPM), price to book value
(PBV), price earning ratio (PER) partially and simultaneously significant effect on
stock returns. Hypothesis testing is done by t test (partial testing) and F test (test
simultaneously).
The analysis showed that simultaneous, all the independent variables in
this study had no significant effect on stock returns. Partial variable current ratio
(CR), return on assets (ROA), return on equity (ROE), earning per share (EPS),
debt to asset ratio (DAR), debt to equity ratio (DER), the net profit margin (NPM),
price to book value (PBV), price earnings ratio (PER) had no significant effect on
stock returns.
Key words: Current Ratio, Return on Asset, Return on Equity, Earning Per
Share, Debt to Asset Ratio, Debt to Equity Ratio, Net Profit
Margin, Price to Book Value , Price Earning Ratio, and Stock
return.
Universitas Sumatera Utara