S MBS 1105914 Table of content
vii
DAFTAR ISI
ABSTRAK........................................................................................................................i
ABSTRACT.....................................................................................................................ii
KATA PENGANTAR....................................................................................................iii
UCAPAN TERIMA KASIH..........................................................................................iv
DAFTAR ISI..................................................................................................................vii
DAFTAR TABEL...........................................................................................................ix
DAFTAR GAMBAR.................................................................................................... ... x
BAB I PENDAHULUAN ........................................................................................... 1
1.1.Latar Belakang Penelitian .......................................................................... 1
1.2.Identifikasi Masalah .................................................................................. 8
1.3.Rumusan Masalah Penelitian ................................................................... 10
1.4.Tujuan Penelitian ..................................................................................... 10
1.5.Kegunaan Penelitian ................................................................................ 11
BAB II KAJIAN PUSTAKA, KERANGKA PEMIKIRAN DAN HIPOTESIS ..... 12
2.1.Kajian Pustaka ................................................................................................. 12
2.1.1. Teori Sinyal (Signaling Theory).................................................. .12
2.1.2.Konsep Profitabilitas ................................................................... 12
2.1.2.1. Definisi Profitabilitas......................................................15
2.1.2.2. Manfaat Profitabilitas............................................. .........19
2.1.2.3. Jenis-Jenis Rasio Profitabilitas.........................................22
2.1.2.4.Return On Equity(ROE) sebagai Alat Ukur
Profitabilitas....................................................................26
2.1.3. Konsep Nilai Pasar.............................................................. ..........30
2.1.3.1. Definisi Nilai Pasar.........................................................33
2.1.3.2. Manfaat Nilai Pasar.................................................. .......36
2.1.3.3. Jenis-Jenis Rasio Nilai Pasar................................. ...........37
2.1.3.4. Earning Per Share (EPS) Sebagai Alat Ukur Nilai
Pasar.......................................................................... ......39
2.1.4.Konsep Harga Saham ................................................................ ..41
2.1.4.1. Definisi Harga Saham....................................................41
2.1.4.2. Faktor-Faktor yang Mempengaruhi Harga Saham.........44
2.1.4.3.Analisis Terhadap Harga Saham.............................. ......49
2.1.5.Keterkaitan Profitabilitas terhadap Harga Saham.. ...................... .52
2.1.6.Keterkaitan Nilai Pasar terhadap Harga Saham..........................55
2.1.7.Penelitian Terdahulu...................................................................58
Praja Kussuma, 2016
ANALISISPROFITABILITAS DAN NILAI PASAR TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
viii
2.2.Kerangka Pemikiran ................................................................................ 61
2.3.Hipotesis ................................................................................................. 66
BAB III OBJEK DAN METODE PENELITIAN .................................................... 67
3.1.Objek Penelitian ...................................................................................... 67
3.2.Metode Penelitian .................................................................................... 67
3.2.1.Jenis Penelitian dan Metode yang digunakan ............................... 67
3.2.2.Operasionalisasi Variabel ............................................................ 68
3.2.3.Jenis dan Sumber Data................................................................. 70
3.2.4.
Populasi dan Unit Analisis ...................................................... 71
3.2.4.1
Populasi .................................................................. 71
3.2.4.2
Unit Analisis ........................................................... 72
3.2.5.Teknik Pengumpulan Data ........................................................... 72
3.2.6.Rancangan Analisis Data dan Uji Hipotesis ................................. 72
3.2.6.1. Rancangan Analisis Data............................................72
3.2.6.2. Analisis Data Deskriptif.............................................74
3.2.6.3. Analisis Data Verifikatif.............................................74
3.2.6.4. Pengujian Hipotesis....................................................77
BAB IV HASIL PENELITIAN DAN PEMBAHASAN............................ ..................80
4.1. Gambaran Profitabilitas PT. Prasidha Aneka Niaga Tbk................. ........80
4.1. Gambaran Nilai Pasar PT. Prasidha Aneka Niaga Tbk.............................82
4.2. Gambaran Harga Saham PT. Prasidha Aneka Niaga Tbk............... ..........85
4.3. Pengaruh Profitabilitas dan Nilai Pasar terhadap Harga Saham...............87
4.2.1. Pembahasan Profitabilitas.................................................. ...........93
4.2.2. Pembahasan Nilai Pasar................................................. ...............94
4.2.3. Pembahasan Harga Saham....................................... .....................96
4.5. Temuan Hasil Penelitian.................................................................... ......96
4.3.1. Temuan Hasil Penelitian Bersifat Teoritis..................................96
4.3.2. Temuan Hasil Penelitian Bersifat Empiris.................................102
4.6. Implikasi Penelitian Terhadap Pengembangan Pendidikan
Manajemen Bisnis................................... ................................................106
BAB V KESIMPULAN DAN SARAN............................................................ ............109
5.1. Kesimpulan..................................................................................... ........109
5.2. Saran........................................................................................... ............110
DAFTAR PUSTAKA ............................................................................................. .112
Praja Kussuma, 2016
ANALISISPROFITABILITAS DAN NILAI PASAR TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
ix
DAFTAR GAMBAR
No
Gambar
1.1
2.1
2.2
4.1
4.2
4.3
4.4
Judul Gambar
Perkembangan Harga Saham PT. Prasidha Aneka Niaga Tbk
Tahun 2005-2014…………………………………………….
Kerangka PemikiranPengaruh Profitabilitas Dan Nilai Pasar
Terhadap Harga Saham............................................................
Paradigma Penelitian Pengaruh Profitabilitas Dan Nilai Pasar
Terhadap Harga Saham............................................................
Perkembangan ROE PT. Prasidha Aneka Niaga Tbk Periode
Tahun 2005-2014.....................................................................
Perkembangan EPS PT. Prasidha Aneka Niaga Tbk Periode
Tahun 2005-2014.....................................................................
Pertumbuhan Harga Saham PT. Prasidha Aneka Niaga Tbk
Periode 2005-2014...................................................................
Uji Asumsi Heteroskedastisitas...............................................
Praja Kussuma, 2016
ANALISISPROFITABILITAS DAN NILAI PASAR TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
Hal
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66
81
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DAFTAR TABEL
No
Tabel
1.1
1.2
1.3
2.1
3.1
3.2
4.1
4.2
4.3
4.4
4.5
4.6
4.7
4.8
4.9
Judul Tabel
Perkembangan Indeks Harga Saham SektoralPeriode Tahun
2011-2014.......................................................................................
Perkembangan Harga Saham Subsektor Pada Sektor Konsumsi
Periode Tahun 2011-2014...............................................................
Pergerakan Harga Saham Perusahaan Pada Industri Makanan dan
Minuman Tahun 2005-2014....................................................
Orisinalitas Penelitian…………………………………………….
Operasionalisasi Variabel………………………………………...
Jenis dan Sumber Data…………………………………………....
Pertumbuhan Return On Equity (ROE)PT. Prasidha Aneka Niaga
Tbk (Persero) Tahun 2005-2014..........................................
Pertumbuhan Earning Per Share (EPS)PT. Prasidha Aneka
Niaga Tbk (Persero) Tahun 2005-2014..........................................
Pertumbuhan Harga Saham PT. Prasidha Aneka Niaga Tbk
(Persero) Tahun 2005-2014............................................................
Uji Asumsi Linieritas......................................................................
Uji Asumsi Multikolinieritas......................................................
Uji Asumsi Autokorelasi.............................................................
Uji Regresi Linear Multipel.........................................................
Hasil Pengujian Uji F.................................................................
Hasil Pengujian Uji t...................................................................
Praja Kussuma, 2016
ANALISISPROFITABILITAS DAN NILAI PASAR TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
Hal
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DAFTAR ISI
ABSTRAK........................................................................................................................i
ABSTRACT.....................................................................................................................ii
KATA PENGANTAR....................................................................................................iii
UCAPAN TERIMA KASIH..........................................................................................iv
DAFTAR ISI..................................................................................................................vii
DAFTAR TABEL...........................................................................................................ix
DAFTAR GAMBAR.................................................................................................... ... x
BAB I PENDAHULUAN ........................................................................................... 1
1.1.Latar Belakang Penelitian .......................................................................... 1
1.2.Identifikasi Masalah .................................................................................. 8
1.3.Rumusan Masalah Penelitian ................................................................... 10
1.4.Tujuan Penelitian ..................................................................................... 10
1.5.Kegunaan Penelitian ................................................................................ 11
BAB II KAJIAN PUSTAKA, KERANGKA PEMIKIRAN DAN HIPOTESIS ..... 12
2.1.Kajian Pustaka ................................................................................................. 12
2.1.1. Teori Sinyal (Signaling Theory).................................................. .12
2.1.2.Konsep Profitabilitas ................................................................... 12
2.1.2.1. Definisi Profitabilitas......................................................15
2.1.2.2. Manfaat Profitabilitas............................................. .........19
2.1.2.3. Jenis-Jenis Rasio Profitabilitas.........................................22
2.1.2.4.Return On Equity(ROE) sebagai Alat Ukur
Profitabilitas....................................................................26
2.1.3. Konsep Nilai Pasar.............................................................. ..........30
2.1.3.1. Definisi Nilai Pasar.........................................................33
2.1.3.2. Manfaat Nilai Pasar.................................................. .......36
2.1.3.3. Jenis-Jenis Rasio Nilai Pasar................................. ...........37
2.1.3.4. Earning Per Share (EPS) Sebagai Alat Ukur Nilai
Pasar.......................................................................... ......39
2.1.4.Konsep Harga Saham ................................................................ ..41
2.1.4.1. Definisi Harga Saham....................................................41
2.1.4.2. Faktor-Faktor yang Mempengaruhi Harga Saham.........44
2.1.4.3.Analisis Terhadap Harga Saham.............................. ......49
2.1.5.Keterkaitan Profitabilitas terhadap Harga Saham.. ...................... .52
2.1.6.Keterkaitan Nilai Pasar terhadap Harga Saham..........................55
2.1.7.Penelitian Terdahulu...................................................................58
Praja Kussuma, 2016
ANALISISPROFITABILITAS DAN NILAI PASAR TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
viii
2.2.Kerangka Pemikiran ................................................................................ 61
2.3.Hipotesis ................................................................................................. 66
BAB III OBJEK DAN METODE PENELITIAN .................................................... 67
3.1.Objek Penelitian ...................................................................................... 67
3.2.Metode Penelitian .................................................................................... 67
3.2.1.Jenis Penelitian dan Metode yang digunakan ............................... 67
3.2.2.Operasionalisasi Variabel ............................................................ 68
3.2.3.Jenis dan Sumber Data................................................................. 70
3.2.4.
Populasi dan Unit Analisis ...................................................... 71
3.2.4.1
Populasi .................................................................. 71
3.2.4.2
Unit Analisis ........................................................... 72
3.2.5.Teknik Pengumpulan Data ........................................................... 72
3.2.6.Rancangan Analisis Data dan Uji Hipotesis ................................. 72
3.2.6.1. Rancangan Analisis Data............................................72
3.2.6.2. Analisis Data Deskriptif.............................................74
3.2.6.3. Analisis Data Verifikatif.............................................74
3.2.6.4. Pengujian Hipotesis....................................................77
BAB IV HASIL PENELITIAN DAN PEMBAHASAN............................ ..................80
4.1. Gambaran Profitabilitas PT. Prasidha Aneka Niaga Tbk................. ........80
4.1. Gambaran Nilai Pasar PT. Prasidha Aneka Niaga Tbk.............................82
4.2. Gambaran Harga Saham PT. Prasidha Aneka Niaga Tbk............... ..........85
4.3. Pengaruh Profitabilitas dan Nilai Pasar terhadap Harga Saham...............87
4.2.1. Pembahasan Profitabilitas.................................................. ...........93
4.2.2. Pembahasan Nilai Pasar................................................. ...............94
4.2.3. Pembahasan Harga Saham....................................... .....................96
4.5. Temuan Hasil Penelitian.................................................................... ......96
4.3.1. Temuan Hasil Penelitian Bersifat Teoritis..................................96
4.3.2. Temuan Hasil Penelitian Bersifat Empiris.................................102
4.6. Implikasi Penelitian Terhadap Pengembangan Pendidikan
Manajemen Bisnis................................... ................................................106
BAB V KESIMPULAN DAN SARAN............................................................ ............109
5.1. Kesimpulan..................................................................................... ........109
5.2. Saran........................................................................................... ............110
DAFTAR PUSTAKA ............................................................................................. .112
Praja Kussuma, 2016
ANALISISPROFITABILITAS DAN NILAI PASAR TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
ix
DAFTAR GAMBAR
No
Gambar
1.1
2.1
2.2
4.1
4.2
4.3
4.4
Judul Gambar
Perkembangan Harga Saham PT. Prasidha Aneka Niaga Tbk
Tahun 2005-2014…………………………………………….
Kerangka PemikiranPengaruh Profitabilitas Dan Nilai Pasar
Terhadap Harga Saham............................................................
Paradigma Penelitian Pengaruh Profitabilitas Dan Nilai Pasar
Terhadap Harga Saham............................................................
Perkembangan ROE PT. Prasidha Aneka Niaga Tbk Periode
Tahun 2005-2014.....................................................................
Perkembangan EPS PT. Prasidha Aneka Niaga Tbk Periode
Tahun 2005-2014.....................................................................
Pertumbuhan Harga Saham PT. Prasidha Aneka Niaga Tbk
Periode 2005-2014...................................................................
Uji Asumsi Heteroskedastisitas...............................................
Praja Kussuma, 2016
ANALISISPROFITABILITAS DAN NILAI PASAR TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
Hal
5
65
66
81
83
85
88
x
DAFTAR TABEL
No
Tabel
1.1
1.2
1.3
2.1
3.1
3.2
4.1
4.2
4.3
4.4
4.5
4.6
4.7
4.8
4.9
Judul Tabel
Perkembangan Indeks Harga Saham SektoralPeriode Tahun
2011-2014.......................................................................................
Perkembangan Harga Saham Subsektor Pada Sektor Konsumsi
Periode Tahun 2011-2014...............................................................
Pergerakan Harga Saham Perusahaan Pada Industri Makanan dan
Minuman Tahun 2005-2014....................................................
Orisinalitas Penelitian…………………………………………….
Operasionalisasi Variabel………………………………………...
Jenis dan Sumber Data…………………………………………....
Pertumbuhan Return On Equity (ROE)PT. Prasidha Aneka Niaga
Tbk (Persero) Tahun 2005-2014..........................................
Pertumbuhan Earning Per Share (EPS)PT. Prasidha Aneka
Niaga Tbk (Persero) Tahun 2005-2014..........................................
Pertumbuhan Harga Saham PT. Prasidha Aneka Niaga Tbk
(Persero) Tahun 2005-2014............................................................
Uji Asumsi Linieritas......................................................................
Uji Asumsi Multikolinieritas......................................................
Uji Asumsi Autokorelasi.............................................................
Uji Regresi Linear Multipel.........................................................
Hasil Pengujian Uji F.................................................................
Hasil Pengujian Uji t...................................................................
Praja Kussuma, 2016
ANALISISPROFITABILITAS DAN NILAI PASAR TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
Hal
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