S PEA 0908881 Table of content
DAFTAR ISI
KATA PENGANTAR ....................................................................................
i
UCAPAN TERIMA KASIH .........................................................................
ii
DAFTAR ISI...................................................................................................
iv
DAFTAR TABEL ..........................................................................................
viii
DAFTAR GAMBAR ......................................................................................
x
BAB I PENDAHULUAN ...............................................................................
1
1.1 Latar Belakang Penelitian.............................................................
1
1.2 Rumusan Masalah ........................................................................
12
1.3 Tujuan dan Kegunaan Penelitian ..................................................
12
1.3.1
Tujuan Penelitian ..............................................................
12
1.3.2
Kegunaan Penelitian .........................................................
13
BAB II KAJIAN PUSTAKA, KERANGKA PEMIKIRAN DAN HIPOTESIS 14
2.1 Kajian Pustaka ..............................................................................
14
2.1.1 Teori Sinyal (Signalling Theory) .....................................
14
2.1.2 Pasar Modal ......................................................................
15
2.1.2.1 Definisi Pasar Modal ............................................
15
2.1.2.2 Fungsi Pasar Modal ..............................................
17
2.1.2.3 Lembaga dan Profesi Penunjang Pasar Modal .....
17
2.1.2.4 Efisiensi Pasar Modal ...........................................
18
2.1.2.5 Instrumen Pasar Modal .........................................
20
2.1.3 Saham ...............................................................................
21
2.1.3.1 Definisi Saham .....................................................
21
2.1.3.2 Jenis-jenis Saham .................................................
23
2.1.4 Harga Saham ...................................................................
26
2.1.5 Analisis Harga Saham ....................................................
29
2.1.5.1 Analisis Fundamental..........................................
30
2.1.5.2 Analisis Teknikal ................................................
31
2.1.6 Laporan Keuangan .........................................................
32
2.1.6.1 Tujuan Laporan Keuangan ..................................
33
Nita Fitriani Arifin, 2016
PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, RASIO PASAR, DAN UKURAN
PERUSAHAAN TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia| repository.upi.edu | perpustakaan.upi.edu
iv
2.1.6.2 Pengguna Laporan Keuangan .............................
35
2.1.7 Analisis Rasio Keuangan ................................................
36
2.1.8 Faktor-faktor yang Mempengaruhi Harga Saham ..........
39
2.1.8.1 Likuiditas ............................................................
41
2.1.8.2 Solvabilitas ..........................................................
42
2.1.8.3 Profitabilitas ........................................................
45
2.1.8.4 Rasio Pasar ..........................................................
47
2.1.8.5 Ukuran Perusahaan .............................................
49
2.1.9 Penelitian Terdahulu .......................................................
50
2.2 Kerangka Pemikiran .....................................................................
59
2.3 Hipotesis .......................................................................................
65
BAB III METODE PENELITIAN ...............................................................
66
3.1 Objek Penelitian ...........................................................................
66
3.2 Metode Penelitian .........................................................................
66
3.2.1 Desain Penelitian .................................................................
66
3.2.2 Definisi dan Operasionalisasi Variabel ...............................
67
3.2.2.1 Definisi Variabel ......................................................
67
3.2.2.2 Operasionalisasi Variabel ........................................
69
3.2.3 Populasi dan Sampel Penelitian...........................................
73
3.2.4 Jenis dan Sumber Data ........................................................
74
3.2.4.1 Jenis Data.................................................................
74
3.2.4.2 Sumber Data ............................................................
74
3.2.5 Teknik Pengumpulan Data ..................................................
75
3.2.6 Teknik Analisis Data ...........................................................
75
3.2.6.1 Statistik Deskriptif ...................................................
75
3.2.6.2 Uji Asumsi Klasik ...................................................
76
3.2.6.3 Analisis Regresi Linier Sederhana ..........................
77
3.2.6.4 Rancangan Pengujian Hipotesis ..............................
78
3.2.6.5 Menghitung Koefisien Determinasi ........................
79
Nita Fitriani Arifin, 2016
PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, RASIO PASAR, DAN UKURAN
PERUSAHAAN TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia| repository.upi.edu | perpustakaan.upi.edu
v
BAB IV HASIL PENELITIAN DAN PEMBAHASAN .............................
81
4.1 Hasil Penelitian .............................................................................
81
4.1.1 Gambaran Umum Subsektor Perkebunan ...........................
81
4.1.2 Deskripsi Hasil Penelitian ...................................................
84
4.1.2.1 Deskripsi Likuiditas Perusahaan Subsektor
Perkebunan .............................................................
84
4.1.2.2 Deskripsi Solvabilitas Perusahaan Subsektor
Perkebunan ..............................................................
88
4.1.2.3 Deskripsi Profitabilitas Perusahaan Subsektor
Perkebunan ..............................................................
91
4.1.2.4 Deskripsi Rasio Pasar Perusahaan Subsektor
Perkebunan ..............................................................
94
4.1.2.5 Deskripsi Ukuran Perusahaan Perusahaan
Subsektor Perkebunan .............................................
97
4.1.2.6 Deskripsi Harga Saham Perusahaan Subsektor
Perkebunan ..............................................................
100
4.1.3 Analisis Data Statistik dan Pengujian Hipotesis .................
102
4.1.3.1 Analisis Statistik Deskriptif .....................................
102
4.1.3.2 Uji Asumsi Klasik ...................................................
104
4.1.3.2.1 Uji Normalitas ..........................................
104
4.1.3.2.2 Uji Heteroskedastisitas .............................
111
4.1.4 Uji Hipotesis ........................................................................
118
4.1.4.1 Analisis Koefisien Determinasi ...............................
118
4.1.4.2 Analisis Regresi Linier Sederhana ..........................
121
4.1.4.3 Uji Statistik t ............................................................
126
4.2 Pembahasan .................................................................................
129
4.2.1 Pengaruh Likuiditas Terhadap Harga Saham Perusahaan
Subsektor Perkebunan .........................................................
Nita Fitriani Arifin, 2016
PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, RASIO PASAR, DAN UKURAN
PERUSAHAAN TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia| repository.upi.edu | perpustakaan.upi.edu
vi
129
4.2.2 Pengaruh Solvabilitas Terhadap Harga Saham Perusahaan
Subsektor Perkebunan .........................................................
130
4.2.3 Pengaruh Profitabilitas Terhadap Harga Saham Perusahaan
Subsektor Perkebunan .........................................................
132
4.2.4 Pengaruh Rasio Pasar Terhadap Harga Saham Perusahaan
Subsektor Perkebunan .........................................................
133
4.2.5 Pengaruh Ukuran Perusahaan Terhadap Harga Saham
Perusahaan Subsektor Perkebunan ......................................
134
BAB V SIMPULAN DAN SARAN ...............................................................
136
5.1 Simpulan .......................................................................................
136
5.2 Saran .............................................................................................
137
DAFTAR PUSTAKA .....................................................................................
139
LAMPIRAN
RIWAYAT HIDUP
Nita Fitriani Arifin, 2016
PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, RASIO PASAR, DAN UKURAN
PERUSAHAAN TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia| repository.upi.edu | perpustakaan.upi.edu
vii
DAFTAR TABEL
Tabel 1.1
Perkembangan IHSG Tahun 2007–2014 .................................
2
Tabel 2.1
Hasil Penelitian Terdahulu .......................................................
50
Tabel 3.1
Operasionalisasi Variabel ........................................................
69
Tabel 3.2
Daftar Perusahaan Subsektor Perkebunan Tahun 2010-2014 ..
74
Tabel 3.3
Pedoman Interpretasi Koefisien Korelasi ................................
80
Tabel 4.1
Daftar Perusahaan Subsektor Perkebunan Tahun 2010-2014 ..
84
Tabel 4.2
Likuiditas Perusahaan Subsektor Perkebunan Tahun 20102014..........................................................................................
Tabel 4.3
Solvabilitas Perusahaan Subsektor Perkebunan Tahun 20102014..........................................................................................
Tabel 4.4
89
Profitabilitas Perusahaan Subsektor Perkebunan Tahun 20102014..........................................................................................
Tabel 4.5
85
92
Rasio Pasar Perusahaan Subsektor Perkebunan Tahun 20102014..........................................................................................
95
Tabel 4.6
Ukuran Perusahaan Subsektor Perkebunan Tahun 2010-2014
97
Tabel 4.7
Harga Saham Perusahaan Subsektor Perkebunan Tahun 20102014..........................................................................................
100
Tabel 4.8
Statistik Deskripsi ....................................................................
102
Tabel 4.9
Uji Normalitas Likuiditas dengan Harga Saham .....................
105
Tabel 4.10
Uji Normalitas Solvabilitas dengan Harga Saham ...................
106
Tabel 4.11
Uji Normalitas Profitabilitas dengan Harga Saham .................
107
Tabel 4.12
Uji Normalitas Rasio Pasar dengan Harga Saham ...................
109
Tabel 4.13
Uji Normalitas Ukuran Perusahaan dengan Harga Saham ......
110
Tabel 4.14
Uji Normalitas Harga Saham ...................................................
111
Tabel 4.15
Uji Glejser Likuiditas ..............................................................
112
Nita Fitriani Arifin, 2016
PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, RASIO PASAR, DAN UKURAN
PERUSAHAAN TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia| repository.upi.edu | perpustakaan.upi.edu
viii
Tabel 4.16
Uji Glejser Solvabilitas ............................................................
114
Tabel 4.17
Uji Glejser Profitabilitas ..........................................................
115
Tabel 4.18
Uji Glejser Rasio Pasar ............................................................
116
Tabel 4.19
Uji Glejser Ukuran Perusahaan................................................
117
Tabel 4.20
Hasil Pengujian Koefisien Determinasi Likuiditas Terhadap
Harga Saham ............................................................................
Tabel 4.21
Hasil Pengujian Koefisien Determinasi Solvabilitas Terhadap
Harga Saham ............................................................................
Tabel 4.22
123
Hasil Analisis Regresi Linier Sederhana Rasio Pasar Terhadap
Harga Saham ............................................................................
Tabel 4.29
122
Hasil Analisis Regresi Linier Sederhana Profitabilitas Terhadap
Harga Saham ............................................................................
Tabel 4.28
121
Hasil Analisis Regresi Linier Sederhana Solvabilitas Terhadap
Harga Saham ............................................................................
Tabel 4.27
120
Hasil Analisis Regresi Linier Sederhana Likuiditas Terhadap
Harga Saham ............................................................................
Tabel 4.26
120
Hasil Pengujian Koefisien Determinasi Ukuran Perusahaan
Terhadap Harga Saham ............................................................
Tabel 4.25
119
Hasil Pengujian Koefisien Determinasi Rasio Pasar Terhadap
Harga Saham ............................................................................
Tabel 4.24
119
Hasil Pengujian Koefisien Determinasi Profitabilitas Terhadap
Harga Saham ............................................................................
Tabel 4.23
118
124
Hasil Analisis Regresi Linier Sederhana Ukuran Perusahaan
Terhadap Harga Saham ............................................................
125
Tabel 4.30
Hasil Uji Statistik t Likuiditas Terhadap Harga Saham ...........
126
Tabel 4.31
Hasil Uji Statistik t Solvabilitas Terhadap Harga Saham ........
127
Tabel 4.32
Hasil Uji Statistik t Profitabilitas Terhadap Harga Saham ......
127
Tabel 4.33
Hasil Uji Statistik t Rasio Pasar Terhadap Harga Saham ........
128
Tabel 4.34
Hasil Uji Statistik t Ukuran Perusahaan Terhadap Harga
Saham .......................................................................................
Nita Fitriani Arifin, 2016
PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, RASIO PASAR, DAN UKURAN
PERUSAHAAN TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia| repository.upi.edu | perpustakaan.upi.edu
ix
129
DAFTAR GAMBAR
Gambar 1.1
Rata-rata Pertumbuhan Assets, Liabilities, Equity, Sales,
dan Net Income Perusahaan Subsektor Perkebunan Tahun
2010-2014 ................................................................................
6
Gambar 1.2
Rata-rata Harga Saham Sektor Pertanian Tahun 2010-2014 ...
7
Gambar 1.3
Harga Saham Perkebunan ........................................................
8
Gambar 2.1
Kerangka Pemikiran .................................................................
65
Gambar 4.1
Rata-rata Likuiditas Perusahaan Subsektor Perkebunan Tahun
2010-2014 ................................................................................
Gambar 4.2
Rata-rata Solvabilitas Perusahaan Subsektor Perkebunan Tahun
2010-2014 ................................................................................
Gambar 4.3
96
Rata-rata Ukuran Perusahaan Subsektor Perkebunan Tahun
2010-2014 ................................................................................
Gambar 4.6
93
Rata-rata Rasio Pasar Perusahaan Subsektor Perkebunan
Tahun 2010-2014 .....................................................................
Gambar 4.5
89
Rata-rata Profitabilitas Perusahaan Subsektor Perkebunan
Tahun 2010-2014 .....................................................................
Gambar 4.4
86
98
Rata-rata Harga Saham Perusahaan Subsektor Perkebunan
Tahun 2010-2014 .....................................................................
101
Gambar 4.7
Kurva Uji Normalitas Likuiditas .............................................
104
Gambar 4.8
Kurva Uji Normalitas Solvabilitas ...........................................
105
Gambar 4.9
Kurva Uji Normalitas Profitabilitas .........................................
107
Gambar 4.10 Kurva Uji Normalitas Rasio Pasar ...........................................
108
Gambar 4.11 Kurva Uji Normalitas Ukuran Perusahaan...............................
109
Nita Fitriani Arifin, 2016
PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, RASIO PASAR, DAN UKURAN
PERUSAHAAN TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia| repository.upi.edu | perpustakaan.upi.edu
x
Gambar 4.12 Uji Heteroskedastisitas Likuiditas dengan Grafik Scatterplot .
112
Gambar 4.13 Uji Heteroskedastisitas Solvabilitas dengan Grafik
Scatterplot ................................................................................
113
Gambar 4.14 Uji Heteroskedastisitas Profitabilitas dengan Grafik
Scatterplot ................................................................................
114
Gambar 4.15 Uji Heteroskedastisitas Rasio Pasar dengan Grafik
Scatterplot ................................................................................
115
Gambar 4.16 Uji Heteroskedastisitas Ukuran Perusahaan dengan Grafik
Scatterplot ................................................................................
Nita Fitriani Arifin, 2016
PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, RASIO PASAR, DAN UKURAN
PERUSAHAAN TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia| repository.upi.edu | perpustakaan.upi.edu
xi
117
KATA PENGANTAR ....................................................................................
i
UCAPAN TERIMA KASIH .........................................................................
ii
DAFTAR ISI...................................................................................................
iv
DAFTAR TABEL ..........................................................................................
viii
DAFTAR GAMBAR ......................................................................................
x
BAB I PENDAHULUAN ...............................................................................
1
1.1 Latar Belakang Penelitian.............................................................
1
1.2 Rumusan Masalah ........................................................................
12
1.3 Tujuan dan Kegunaan Penelitian ..................................................
12
1.3.1
Tujuan Penelitian ..............................................................
12
1.3.2
Kegunaan Penelitian .........................................................
13
BAB II KAJIAN PUSTAKA, KERANGKA PEMIKIRAN DAN HIPOTESIS 14
2.1 Kajian Pustaka ..............................................................................
14
2.1.1 Teori Sinyal (Signalling Theory) .....................................
14
2.1.2 Pasar Modal ......................................................................
15
2.1.2.1 Definisi Pasar Modal ............................................
15
2.1.2.2 Fungsi Pasar Modal ..............................................
17
2.1.2.3 Lembaga dan Profesi Penunjang Pasar Modal .....
17
2.1.2.4 Efisiensi Pasar Modal ...........................................
18
2.1.2.5 Instrumen Pasar Modal .........................................
20
2.1.3 Saham ...............................................................................
21
2.1.3.1 Definisi Saham .....................................................
21
2.1.3.2 Jenis-jenis Saham .................................................
23
2.1.4 Harga Saham ...................................................................
26
2.1.5 Analisis Harga Saham ....................................................
29
2.1.5.1 Analisis Fundamental..........................................
30
2.1.5.2 Analisis Teknikal ................................................
31
2.1.6 Laporan Keuangan .........................................................
32
2.1.6.1 Tujuan Laporan Keuangan ..................................
33
Nita Fitriani Arifin, 2016
PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, RASIO PASAR, DAN UKURAN
PERUSAHAAN TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia| repository.upi.edu | perpustakaan.upi.edu
iv
2.1.6.2 Pengguna Laporan Keuangan .............................
35
2.1.7 Analisis Rasio Keuangan ................................................
36
2.1.8 Faktor-faktor yang Mempengaruhi Harga Saham ..........
39
2.1.8.1 Likuiditas ............................................................
41
2.1.8.2 Solvabilitas ..........................................................
42
2.1.8.3 Profitabilitas ........................................................
45
2.1.8.4 Rasio Pasar ..........................................................
47
2.1.8.5 Ukuran Perusahaan .............................................
49
2.1.9 Penelitian Terdahulu .......................................................
50
2.2 Kerangka Pemikiran .....................................................................
59
2.3 Hipotesis .......................................................................................
65
BAB III METODE PENELITIAN ...............................................................
66
3.1 Objek Penelitian ...........................................................................
66
3.2 Metode Penelitian .........................................................................
66
3.2.1 Desain Penelitian .................................................................
66
3.2.2 Definisi dan Operasionalisasi Variabel ...............................
67
3.2.2.1 Definisi Variabel ......................................................
67
3.2.2.2 Operasionalisasi Variabel ........................................
69
3.2.3 Populasi dan Sampel Penelitian...........................................
73
3.2.4 Jenis dan Sumber Data ........................................................
74
3.2.4.1 Jenis Data.................................................................
74
3.2.4.2 Sumber Data ............................................................
74
3.2.5 Teknik Pengumpulan Data ..................................................
75
3.2.6 Teknik Analisis Data ...........................................................
75
3.2.6.1 Statistik Deskriptif ...................................................
75
3.2.6.2 Uji Asumsi Klasik ...................................................
76
3.2.6.3 Analisis Regresi Linier Sederhana ..........................
77
3.2.6.4 Rancangan Pengujian Hipotesis ..............................
78
3.2.6.5 Menghitung Koefisien Determinasi ........................
79
Nita Fitriani Arifin, 2016
PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, RASIO PASAR, DAN UKURAN
PERUSAHAAN TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia| repository.upi.edu | perpustakaan.upi.edu
v
BAB IV HASIL PENELITIAN DAN PEMBAHASAN .............................
81
4.1 Hasil Penelitian .............................................................................
81
4.1.1 Gambaran Umum Subsektor Perkebunan ...........................
81
4.1.2 Deskripsi Hasil Penelitian ...................................................
84
4.1.2.1 Deskripsi Likuiditas Perusahaan Subsektor
Perkebunan .............................................................
84
4.1.2.2 Deskripsi Solvabilitas Perusahaan Subsektor
Perkebunan ..............................................................
88
4.1.2.3 Deskripsi Profitabilitas Perusahaan Subsektor
Perkebunan ..............................................................
91
4.1.2.4 Deskripsi Rasio Pasar Perusahaan Subsektor
Perkebunan ..............................................................
94
4.1.2.5 Deskripsi Ukuran Perusahaan Perusahaan
Subsektor Perkebunan .............................................
97
4.1.2.6 Deskripsi Harga Saham Perusahaan Subsektor
Perkebunan ..............................................................
100
4.1.3 Analisis Data Statistik dan Pengujian Hipotesis .................
102
4.1.3.1 Analisis Statistik Deskriptif .....................................
102
4.1.3.2 Uji Asumsi Klasik ...................................................
104
4.1.3.2.1 Uji Normalitas ..........................................
104
4.1.3.2.2 Uji Heteroskedastisitas .............................
111
4.1.4 Uji Hipotesis ........................................................................
118
4.1.4.1 Analisis Koefisien Determinasi ...............................
118
4.1.4.2 Analisis Regresi Linier Sederhana ..........................
121
4.1.4.3 Uji Statistik t ............................................................
126
4.2 Pembahasan .................................................................................
129
4.2.1 Pengaruh Likuiditas Terhadap Harga Saham Perusahaan
Subsektor Perkebunan .........................................................
Nita Fitriani Arifin, 2016
PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, RASIO PASAR, DAN UKURAN
PERUSAHAAN TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia| repository.upi.edu | perpustakaan.upi.edu
vi
129
4.2.2 Pengaruh Solvabilitas Terhadap Harga Saham Perusahaan
Subsektor Perkebunan .........................................................
130
4.2.3 Pengaruh Profitabilitas Terhadap Harga Saham Perusahaan
Subsektor Perkebunan .........................................................
132
4.2.4 Pengaruh Rasio Pasar Terhadap Harga Saham Perusahaan
Subsektor Perkebunan .........................................................
133
4.2.5 Pengaruh Ukuran Perusahaan Terhadap Harga Saham
Perusahaan Subsektor Perkebunan ......................................
134
BAB V SIMPULAN DAN SARAN ...............................................................
136
5.1 Simpulan .......................................................................................
136
5.2 Saran .............................................................................................
137
DAFTAR PUSTAKA .....................................................................................
139
LAMPIRAN
RIWAYAT HIDUP
Nita Fitriani Arifin, 2016
PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, RASIO PASAR, DAN UKURAN
PERUSAHAAN TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia| repository.upi.edu | perpustakaan.upi.edu
vii
DAFTAR TABEL
Tabel 1.1
Perkembangan IHSG Tahun 2007–2014 .................................
2
Tabel 2.1
Hasil Penelitian Terdahulu .......................................................
50
Tabel 3.1
Operasionalisasi Variabel ........................................................
69
Tabel 3.2
Daftar Perusahaan Subsektor Perkebunan Tahun 2010-2014 ..
74
Tabel 3.3
Pedoman Interpretasi Koefisien Korelasi ................................
80
Tabel 4.1
Daftar Perusahaan Subsektor Perkebunan Tahun 2010-2014 ..
84
Tabel 4.2
Likuiditas Perusahaan Subsektor Perkebunan Tahun 20102014..........................................................................................
Tabel 4.3
Solvabilitas Perusahaan Subsektor Perkebunan Tahun 20102014..........................................................................................
Tabel 4.4
89
Profitabilitas Perusahaan Subsektor Perkebunan Tahun 20102014..........................................................................................
Tabel 4.5
85
92
Rasio Pasar Perusahaan Subsektor Perkebunan Tahun 20102014..........................................................................................
95
Tabel 4.6
Ukuran Perusahaan Subsektor Perkebunan Tahun 2010-2014
97
Tabel 4.7
Harga Saham Perusahaan Subsektor Perkebunan Tahun 20102014..........................................................................................
100
Tabel 4.8
Statistik Deskripsi ....................................................................
102
Tabel 4.9
Uji Normalitas Likuiditas dengan Harga Saham .....................
105
Tabel 4.10
Uji Normalitas Solvabilitas dengan Harga Saham ...................
106
Tabel 4.11
Uji Normalitas Profitabilitas dengan Harga Saham .................
107
Tabel 4.12
Uji Normalitas Rasio Pasar dengan Harga Saham ...................
109
Tabel 4.13
Uji Normalitas Ukuran Perusahaan dengan Harga Saham ......
110
Tabel 4.14
Uji Normalitas Harga Saham ...................................................
111
Tabel 4.15
Uji Glejser Likuiditas ..............................................................
112
Nita Fitriani Arifin, 2016
PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, RASIO PASAR, DAN UKURAN
PERUSAHAAN TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia| repository.upi.edu | perpustakaan.upi.edu
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Tabel 4.16
Uji Glejser Solvabilitas ............................................................
114
Tabel 4.17
Uji Glejser Profitabilitas ..........................................................
115
Tabel 4.18
Uji Glejser Rasio Pasar ............................................................
116
Tabel 4.19
Uji Glejser Ukuran Perusahaan................................................
117
Tabel 4.20
Hasil Pengujian Koefisien Determinasi Likuiditas Terhadap
Harga Saham ............................................................................
Tabel 4.21
Hasil Pengujian Koefisien Determinasi Solvabilitas Terhadap
Harga Saham ............................................................................
Tabel 4.22
123
Hasil Analisis Regresi Linier Sederhana Rasio Pasar Terhadap
Harga Saham ............................................................................
Tabel 4.29
122
Hasil Analisis Regresi Linier Sederhana Profitabilitas Terhadap
Harga Saham ............................................................................
Tabel 4.28
121
Hasil Analisis Regresi Linier Sederhana Solvabilitas Terhadap
Harga Saham ............................................................................
Tabel 4.27
120
Hasil Analisis Regresi Linier Sederhana Likuiditas Terhadap
Harga Saham ............................................................................
Tabel 4.26
120
Hasil Pengujian Koefisien Determinasi Ukuran Perusahaan
Terhadap Harga Saham ............................................................
Tabel 4.25
119
Hasil Pengujian Koefisien Determinasi Rasio Pasar Terhadap
Harga Saham ............................................................................
Tabel 4.24
119
Hasil Pengujian Koefisien Determinasi Profitabilitas Terhadap
Harga Saham ............................................................................
Tabel 4.23
118
124
Hasil Analisis Regresi Linier Sederhana Ukuran Perusahaan
Terhadap Harga Saham ............................................................
125
Tabel 4.30
Hasil Uji Statistik t Likuiditas Terhadap Harga Saham ...........
126
Tabel 4.31
Hasil Uji Statistik t Solvabilitas Terhadap Harga Saham ........
127
Tabel 4.32
Hasil Uji Statistik t Profitabilitas Terhadap Harga Saham ......
127
Tabel 4.33
Hasil Uji Statistik t Rasio Pasar Terhadap Harga Saham ........
128
Tabel 4.34
Hasil Uji Statistik t Ukuran Perusahaan Terhadap Harga
Saham .......................................................................................
Nita Fitriani Arifin, 2016
PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, RASIO PASAR, DAN UKURAN
PERUSAHAAN TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia| repository.upi.edu | perpustakaan.upi.edu
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DAFTAR GAMBAR
Gambar 1.1
Rata-rata Pertumbuhan Assets, Liabilities, Equity, Sales,
dan Net Income Perusahaan Subsektor Perkebunan Tahun
2010-2014 ................................................................................
6
Gambar 1.2
Rata-rata Harga Saham Sektor Pertanian Tahun 2010-2014 ...
7
Gambar 1.3
Harga Saham Perkebunan ........................................................
8
Gambar 2.1
Kerangka Pemikiran .................................................................
65
Gambar 4.1
Rata-rata Likuiditas Perusahaan Subsektor Perkebunan Tahun
2010-2014 ................................................................................
Gambar 4.2
Rata-rata Solvabilitas Perusahaan Subsektor Perkebunan Tahun
2010-2014 ................................................................................
Gambar 4.3
96
Rata-rata Ukuran Perusahaan Subsektor Perkebunan Tahun
2010-2014 ................................................................................
Gambar 4.6
93
Rata-rata Rasio Pasar Perusahaan Subsektor Perkebunan
Tahun 2010-2014 .....................................................................
Gambar 4.5
89
Rata-rata Profitabilitas Perusahaan Subsektor Perkebunan
Tahun 2010-2014 .....................................................................
Gambar 4.4
86
98
Rata-rata Harga Saham Perusahaan Subsektor Perkebunan
Tahun 2010-2014 .....................................................................
101
Gambar 4.7
Kurva Uji Normalitas Likuiditas .............................................
104
Gambar 4.8
Kurva Uji Normalitas Solvabilitas ...........................................
105
Gambar 4.9
Kurva Uji Normalitas Profitabilitas .........................................
107
Gambar 4.10 Kurva Uji Normalitas Rasio Pasar ...........................................
108
Gambar 4.11 Kurva Uji Normalitas Ukuran Perusahaan...............................
109
Nita Fitriani Arifin, 2016
PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, RASIO PASAR, DAN UKURAN
PERUSAHAAN TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia| repository.upi.edu | perpustakaan.upi.edu
x
Gambar 4.12 Uji Heteroskedastisitas Likuiditas dengan Grafik Scatterplot .
112
Gambar 4.13 Uji Heteroskedastisitas Solvabilitas dengan Grafik
Scatterplot ................................................................................
113
Gambar 4.14 Uji Heteroskedastisitas Profitabilitas dengan Grafik
Scatterplot ................................................................................
114
Gambar 4.15 Uji Heteroskedastisitas Rasio Pasar dengan Grafik
Scatterplot ................................................................................
115
Gambar 4.16 Uji Heteroskedastisitas Ukuran Perusahaan dengan Grafik
Scatterplot ................................................................................
Nita Fitriani Arifin, 2016
PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, RASIO PASAR, DAN UKURAN
PERUSAHAAN TERHADAP HARGA SAHAM
Universitas Pendidikan Indonesia| repository.upi.edu | perpustakaan.upi.edu
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117