S PEA 1100779 Table of content
DAFTAR ISI
LEMBAR PENGESAHAN
PERNYATAAN KEASLIAN SKRIPSI
ABSTRAK
ABSTRACT
KATA PENGANTAR………………………………………………………………...…...i
DAFTAR ISI .......................................................................................................... iv
DAFTAR TABEL .................................................. Error! Bookmark not defined.
DAFTAR GAMBAR ........................................................................................... viii
BAB I ..................................................................... Error! Bookmark not defined.
PENDAHULUAN ................................................. Error! Bookmark not defined.
1.1
Latar Belakang Masalah .......................... Error! Bookmark not defined.
1.2
Rumusan Masalah ................................... Error! Bookmark not defined.
1.3
Tujuan Penelitian .................................... Error! Bookmark not defined.
1.4
Manfaat Penelitian .................................. Error! Bookmark not defined.
1.4.1 Kegunaan Akademis ............................... Error! Bookmark not defined.
1.4.2 Kegunaan Praktis .................................... Error! Bookmark not defined.
BAB II .................................................................... Error! Bookmark not defined.
LANDASAN TEORI ............................................. Error! Bookmark not defined.
2.1
Definisi Laporan Keuangan ................... Error! Bookmark not defined.
2.2
Rasio Keuangan................................................. Error! Bookmark not defined.
2.2.1. Jenis-Jenis Rasio Keuangan............................. Error! Bookmark not defined.
2.2.1.1 Rasio Likuiditas ................................... Error! Bookmark not defined.
2.3
Definisi Nilai Tukar ....................................... Error! Bookmark not defined.
Taufik Amirudin Wiradisastra, 2015
PENGARUH LIKUDITAS DAN NILAI TUKAR TERHADAP HARGA SAHAM SETELAH IPO PADA
PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2009 SAMPAI TAHUN 2014
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
i
2.4
Definisi Pasar Modal ...................................... Error! Bookmark not defined.
2.5
Definisi Penawaran Umum Perdana (Initial Public Overing) ............Error!
Bookmark not defined.
2.6
Definisi Saham ............................................... Error! Bookmark not defined.
2.5.1
Jenis-Jenis Saham ............................................. Error! Bookmark not defined.
2.5.2
Harga Saham...................................................... Error! Bookmark not defined.
2.7
Istilah Pasar modal ......................................... Error! Bookmark not defined.
2.6.1 Pasar Perdana (Primary Market) .................... Error! Bookmark not defined.
2.6.2
Pasar sekunder (Secondary Market) ............... Error! Bookmark not defined.
2.8
Penelitian Terdahulu ...................................... Error! Bookmark not defined.
2.9
Kerangka Pemikiran ....................................... Error! Bookmark not defined.
2.10 Perumusan Hipotesis ....................................... Error! Bookmark not defined.
BAB III ......................................................................... Error! Bookmark not defined.
METODE PENELITIAN .............................................. Error! Bookmark not defined.
3.1
Metode Penelitian........................................... Error! Bookmark not defined.
3.1.1
Desain Penelitian............................................... Error! Bookmark not defined.
3.1.2
Ruang Lingkup Penelitian ............................... Error! Bookmark not defined.
3.1.3
Metode Penentuan Sampel............................... Error! Bookmark not defined.
3.1.4
Batasan Variabel Operasional ......................... Error! Bookmark not defined.
3.1.4.1 Operasional Variabel Bebas (Independen) ....... Error! Bookmark not
defined.
3.1.4.2 Operasional Variabel Terikat (dependen) ........ Error! Bookmark not
defined.
3.2
Metode Analisis ............................................. Error! Bookmark not defined.
3.2.1
Uji Statistik Deskriptif...................................... Error! Bookmark not defined.
3.2.2
Uji Asumsi Klasik ............................................. Error! Bookmark not defined.
3.2.2.1 Uji Linearitas ....................................... Error! Bookmark not defined.
3.2.2.2 Uji Normalitas ..................................... Error! Bookmark not defined.
Taufik Amirudin Wiradisastra, 2015
PENGARUH LIKUDITAS DAN NILAI TUKAR TERHADAP HARGA SAHAM SETELAH IPO PADA
PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2009 SAMPAI TAHUN 2014
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
ii
3.2.2.3 Uji Multikoliniearitas .......................... Error! Bookmark not defined.
3.2.2.4 Uji Autokorelasi .................................. Error! Bookmark not defined.
3.2.2.5 Uji Heteroskedastitas ........................... Error! Bookmark not defined.
3.2.3
Uji Regresi Berganda ....................................... Error! Bookmark not defined.
3.2.4
Uji Hipotesis ...................................................... Error! Bookmark not defined.
3.2.4.1 Analisis Korelasi ................................. Error! Bookmark not defined.
3.2.4.2 Uji Koefisien Determinasi (R2) ........... Error! Bookmark not defined.
3.2.4.3 Uji Statistik t ........................................ Error! Bookmark not defined.
3.2.4.4 Uji Regresi Simultan (Uji Statistik F) . Error! Bookmark not defined.
BAB IV ......................................................................... Error! Bookmark not defined.
HASIL PENELITIAN DAN PEMBAHASAN ..... Error! Bookmark not defined.
4.1
Hasil Penelitian ....................................... Error! Bookmark not defined.
4.1.1
Kondisi Rasio Likuiditas Perusahaan ............. Error! Bookmark not defined.
4.1.2
Kondisi Nilai Tukar .......................................... Error! Bookmark not defined.
4.1.3
Kondisi Harga Saham Setelah IPO ................. Error! Bookmark not defined.
4.2 Pengujian Asumsi Klasik ................................... Error! Bookmark not defined.
4.2.1 Pengujian Linearitas............................................. Error! Bookmark not defined.
4.2.2 Pengujian Normalitas........................................... Error! Bookmark not defined.
4.2.3 Pengujian Multikolinieritas ................................. Error! Bookmark not defined.
4.2.4 Pengujian Autokorelasi ....................................... Error! Bookmark not defined.
4.2.5 Pengujian Heteroskedastisitas .......................... Error! Bookmark not defined.
4.2.6 Analisis Regresi Berganda .................................. Error! Bookmark not defined.
4.2.7 Analisis Koefisien Korelasi ................................ Error! Bookmark not defined.
4.2.8 Koefisien Determinasi ......................................... Error! Bookmark not defined.
4.2.9 Pengujian Hipotesis ............................................. Error! Bookmark not defined.
4.3 Pembahasan ......................................................... Error! Bookmark not defined.
Taufik Amirudin Wiradisastra, 2015
PENGARUH LIKUDITAS DAN NILAI TUKAR TERHADAP HARGA SAHAM SETELAH IPO PADA
PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2009 SAMPAI TAHUN 2014
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
iii
4.3.1 Pengaruh Likuiditas Secara Parsial Terhadap Harga Saham Setelah IPO
……………………………………………………………………………………………………………………..Erro
r! Bookmark not defined.
4.3.2 Pengaruh Nilai Tukar Secara Parsial Terhadap Harga Saham Setelah IPO
……………………………………………………………………………………………………………………..Erro
r! Bookmark not defined.
4.3.3 Pengaruh Likuiditas Dan Nilai Tukar terhadap Harga Saham Setelah IPO
Secara Simultan. ............................................................. Error! Bookmark not defined.
BAB V.......................................................................... Error! Bookmark not defined.
KESIMPULAN DAN SARAN ..................................... Error! Bookmark not defined.
5.1 Kesimpulan ........................................................ Error! Bookmark not defined.
5.2 Saran ................................................................... Error! Bookmark not defined.
DAFTAR PUSTAKA ................................................... Error! Bookmark not defined.
DAFTAR TABEL
Tabel 2. 1 Pengaruh Faktor‐faktor Ekonomi Terhadap Investasi Error! Bookmark
not defined.
Tabel 2. 2 Perbedaan Harga Pasar Primer Dengan Pasar Sekunder .............. Error!
Bookmark not defined.
Tabel 2. 3 Penelitian Terdahulu ............................. Error! Bookmark not defined.
Tabel
3.
1
Perusahaan
Memenuhi
Kriteria
Sampel
Dalam
Penelitian…………....Error! Bookmark not defined.
Tabel
3.
2
Operasional
Variabel
Bebas
(Independen)…………………………....Error! Bookmark not defined.
Taufik Amirudin Wiradisastra, 2015
PENGARUH LIKUDITAS DAN NILAI TUKAR TERHADAP HARGA SAHAM SETELAH IPO PADA
PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2009 SAMPAI TAHUN 2014
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
iv
Tabel
3.
3
Operasional
Variabel
Terikat
(dependen)……………………………..Error! Bookmark not defined.
Tabel 3. 4 Pedoman untuk memberikan Interpretasi Terhadap Koefisien
Korelasi…………………………………………………………………………...Err
or! Bookmark not defined.
Tabel
4.
1
Rasio
Likuiditas
Perusahaan
Tahun
2009-2014
Setelah
IPO………...Error! Bookmark not defined.
Tabel 4. 2 Descriptive Statistics Rasio Likuiditas . Error! Bookmark not defined.
Tabel 4. 3 Nilai Tukar Tahun 2009-2014............... Error! Bookmark not defined.
Tabel 4. 4 Descriptive Statistics Nilai Tukar ......... Error! Bookmark not defined.
Tabel 4. 5 Harga Saham Perusahaan Setelah ......... Error! Bookmark not defined.
Tabel 4. 6 Descriptive Statistics Harga Saham Setelah IPO Error! Bookmark not
defined.
Tabel 4. 7 Uji Linearitas Variabel X1 dengan Y ... Error! Bookmark not defined.
Tabel 4. 8 Uji Linearitas Variabel X2 dengan Y ... Error! Bookmark not defined.
Tabel 4. 9 Hasil Pengujian Multikolinieritas ......... Error! Bookmark not defined.
Tabel 4. 10 Hasil Pengujian Autokorelasi.............. Error! Bookmark not defined.
Tabel 4. 11 Persamaan Regresi .............................. Error! Bookmark not defined.
Tabel 4. 12 Koefisien Korelasi .............................. Error! Bookmark not defined.
Tabel 4. 13 Pedoman Untuk Memberikan Interpretasi ........ Error! Bookmark not
defined.
Tabel 4. 14 Koefisien Determinasi......................... Error! Bookmark not defined.
Tabel 4. 15 Hasil Pengujian Statistik Uji t ............. Error! Bookmark not defined.
Tabel 4. 16 Hasil Pengujian Statistik Uji F ............ Error! Bookmark not defined.
Taufik Amirudin Wiradisastra, 2015
PENGARUH LIKUDITAS DAN NILAI TUKAR TERHADAP HARGA SAHAM SETELAH IPO PADA
PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2009 SAMPAI TAHUN 2014
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
v
DAFTAR GAMBAR
Gambar 1.1 Kurs Transaksi USD .......................... Error! Bookmark not defined.
Gambar 2.1 Kerangka Pemikiran .......................... .Error! Bookmark not defined.
Gambar 4. 1 Grafik Normal P-P Plot..............................................................Error!
Bookmark not defined.
Gambar
4.
2
Hasil
Uji
Heteroskedastisitas………………………………………..Error! Bookmark not
defined.
Taufik Amirudin Wiradisastra, 2015
PENGARUH LIKUDITAS DAN NILAI TUKAR TERHADAP HARGA SAHAM SETELAH IPO PADA
PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2009 SAMPAI TAHUN 2014
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
vi
LEMBAR PENGESAHAN
PERNYATAAN KEASLIAN SKRIPSI
ABSTRAK
ABSTRACT
KATA PENGANTAR………………………………………………………………...…...i
DAFTAR ISI .......................................................................................................... iv
DAFTAR TABEL .................................................. Error! Bookmark not defined.
DAFTAR GAMBAR ........................................................................................... viii
BAB I ..................................................................... Error! Bookmark not defined.
PENDAHULUAN ................................................. Error! Bookmark not defined.
1.1
Latar Belakang Masalah .......................... Error! Bookmark not defined.
1.2
Rumusan Masalah ................................... Error! Bookmark not defined.
1.3
Tujuan Penelitian .................................... Error! Bookmark not defined.
1.4
Manfaat Penelitian .................................. Error! Bookmark not defined.
1.4.1 Kegunaan Akademis ............................... Error! Bookmark not defined.
1.4.2 Kegunaan Praktis .................................... Error! Bookmark not defined.
BAB II .................................................................... Error! Bookmark not defined.
LANDASAN TEORI ............................................. Error! Bookmark not defined.
2.1
Definisi Laporan Keuangan ................... Error! Bookmark not defined.
2.2
Rasio Keuangan................................................. Error! Bookmark not defined.
2.2.1. Jenis-Jenis Rasio Keuangan............................. Error! Bookmark not defined.
2.2.1.1 Rasio Likuiditas ................................... Error! Bookmark not defined.
2.3
Definisi Nilai Tukar ....................................... Error! Bookmark not defined.
Taufik Amirudin Wiradisastra, 2015
PENGARUH LIKUDITAS DAN NILAI TUKAR TERHADAP HARGA SAHAM SETELAH IPO PADA
PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2009 SAMPAI TAHUN 2014
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
i
2.4
Definisi Pasar Modal ...................................... Error! Bookmark not defined.
2.5
Definisi Penawaran Umum Perdana (Initial Public Overing) ............Error!
Bookmark not defined.
2.6
Definisi Saham ............................................... Error! Bookmark not defined.
2.5.1
Jenis-Jenis Saham ............................................. Error! Bookmark not defined.
2.5.2
Harga Saham...................................................... Error! Bookmark not defined.
2.7
Istilah Pasar modal ......................................... Error! Bookmark not defined.
2.6.1 Pasar Perdana (Primary Market) .................... Error! Bookmark not defined.
2.6.2
Pasar sekunder (Secondary Market) ............... Error! Bookmark not defined.
2.8
Penelitian Terdahulu ...................................... Error! Bookmark not defined.
2.9
Kerangka Pemikiran ....................................... Error! Bookmark not defined.
2.10 Perumusan Hipotesis ....................................... Error! Bookmark not defined.
BAB III ......................................................................... Error! Bookmark not defined.
METODE PENELITIAN .............................................. Error! Bookmark not defined.
3.1
Metode Penelitian........................................... Error! Bookmark not defined.
3.1.1
Desain Penelitian............................................... Error! Bookmark not defined.
3.1.2
Ruang Lingkup Penelitian ............................... Error! Bookmark not defined.
3.1.3
Metode Penentuan Sampel............................... Error! Bookmark not defined.
3.1.4
Batasan Variabel Operasional ......................... Error! Bookmark not defined.
3.1.4.1 Operasional Variabel Bebas (Independen) ....... Error! Bookmark not
defined.
3.1.4.2 Operasional Variabel Terikat (dependen) ........ Error! Bookmark not
defined.
3.2
Metode Analisis ............................................. Error! Bookmark not defined.
3.2.1
Uji Statistik Deskriptif...................................... Error! Bookmark not defined.
3.2.2
Uji Asumsi Klasik ............................................. Error! Bookmark not defined.
3.2.2.1 Uji Linearitas ....................................... Error! Bookmark not defined.
3.2.2.2 Uji Normalitas ..................................... Error! Bookmark not defined.
Taufik Amirudin Wiradisastra, 2015
PENGARUH LIKUDITAS DAN NILAI TUKAR TERHADAP HARGA SAHAM SETELAH IPO PADA
PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2009 SAMPAI TAHUN 2014
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
ii
3.2.2.3 Uji Multikoliniearitas .......................... Error! Bookmark not defined.
3.2.2.4 Uji Autokorelasi .................................. Error! Bookmark not defined.
3.2.2.5 Uji Heteroskedastitas ........................... Error! Bookmark not defined.
3.2.3
Uji Regresi Berganda ....................................... Error! Bookmark not defined.
3.2.4
Uji Hipotesis ...................................................... Error! Bookmark not defined.
3.2.4.1 Analisis Korelasi ................................. Error! Bookmark not defined.
3.2.4.2 Uji Koefisien Determinasi (R2) ........... Error! Bookmark not defined.
3.2.4.3 Uji Statistik t ........................................ Error! Bookmark not defined.
3.2.4.4 Uji Regresi Simultan (Uji Statistik F) . Error! Bookmark not defined.
BAB IV ......................................................................... Error! Bookmark not defined.
HASIL PENELITIAN DAN PEMBAHASAN ..... Error! Bookmark not defined.
4.1
Hasil Penelitian ....................................... Error! Bookmark not defined.
4.1.1
Kondisi Rasio Likuiditas Perusahaan ............. Error! Bookmark not defined.
4.1.2
Kondisi Nilai Tukar .......................................... Error! Bookmark not defined.
4.1.3
Kondisi Harga Saham Setelah IPO ................. Error! Bookmark not defined.
4.2 Pengujian Asumsi Klasik ................................... Error! Bookmark not defined.
4.2.1 Pengujian Linearitas............................................. Error! Bookmark not defined.
4.2.2 Pengujian Normalitas........................................... Error! Bookmark not defined.
4.2.3 Pengujian Multikolinieritas ................................. Error! Bookmark not defined.
4.2.4 Pengujian Autokorelasi ....................................... Error! Bookmark not defined.
4.2.5 Pengujian Heteroskedastisitas .......................... Error! Bookmark not defined.
4.2.6 Analisis Regresi Berganda .................................. Error! Bookmark not defined.
4.2.7 Analisis Koefisien Korelasi ................................ Error! Bookmark not defined.
4.2.8 Koefisien Determinasi ......................................... Error! Bookmark not defined.
4.2.9 Pengujian Hipotesis ............................................. Error! Bookmark not defined.
4.3 Pembahasan ......................................................... Error! Bookmark not defined.
Taufik Amirudin Wiradisastra, 2015
PENGARUH LIKUDITAS DAN NILAI TUKAR TERHADAP HARGA SAHAM SETELAH IPO PADA
PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2009 SAMPAI TAHUN 2014
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
iii
4.3.1 Pengaruh Likuiditas Secara Parsial Terhadap Harga Saham Setelah IPO
……………………………………………………………………………………………………………………..Erro
r! Bookmark not defined.
4.3.2 Pengaruh Nilai Tukar Secara Parsial Terhadap Harga Saham Setelah IPO
……………………………………………………………………………………………………………………..Erro
r! Bookmark not defined.
4.3.3 Pengaruh Likuiditas Dan Nilai Tukar terhadap Harga Saham Setelah IPO
Secara Simultan. ............................................................. Error! Bookmark not defined.
BAB V.......................................................................... Error! Bookmark not defined.
KESIMPULAN DAN SARAN ..................................... Error! Bookmark not defined.
5.1 Kesimpulan ........................................................ Error! Bookmark not defined.
5.2 Saran ................................................................... Error! Bookmark not defined.
DAFTAR PUSTAKA ................................................... Error! Bookmark not defined.
DAFTAR TABEL
Tabel 2. 1 Pengaruh Faktor‐faktor Ekonomi Terhadap Investasi Error! Bookmark
not defined.
Tabel 2. 2 Perbedaan Harga Pasar Primer Dengan Pasar Sekunder .............. Error!
Bookmark not defined.
Tabel 2. 3 Penelitian Terdahulu ............................. Error! Bookmark not defined.
Tabel
3.
1
Perusahaan
Memenuhi
Kriteria
Sampel
Dalam
Penelitian…………....Error! Bookmark not defined.
Tabel
3.
2
Operasional
Variabel
Bebas
(Independen)…………………………....Error! Bookmark not defined.
Taufik Amirudin Wiradisastra, 2015
PENGARUH LIKUDITAS DAN NILAI TUKAR TERHADAP HARGA SAHAM SETELAH IPO PADA
PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2009 SAMPAI TAHUN 2014
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
iv
Tabel
3.
3
Operasional
Variabel
Terikat
(dependen)……………………………..Error! Bookmark not defined.
Tabel 3. 4 Pedoman untuk memberikan Interpretasi Terhadap Koefisien
Korelasi…………………………………………………………………………...Err
or! Bookmark not defined.
Tabel
4.
1
Rasio
Likuiditas
Perusahaan
Tahun
2009-2014
Setelah
IPO………...Error! Bookmark not defined.
Tabel 4. 2 Descriptive Statistics Rasio Likuiditas . Error! Bookmark not defined.
Tabel 4. 3 Nilai Tukar Tahun 2009-2014............... Error! Bookmark not defined.
Tabel 4. 4 Descriptive Statistics Nilai Tukar ......... Error! Bookmark not defined.
Tabel 4. 5 Harga Saham Perusahaan Setelah ......... Error! Bookmark not defined.
Tabel 4. 6 Descriptive Statistics Harga Saham Setelah IPO Error! Bookmark not
defined.
Tabel 4. 7 Uji Linearitas Variabel X1 dengan Y ... Error! Bookmark not defined.
Tabel 4. 8 Uji Linearitas Variabel X2 dengan Y ... Error! Bookmark not defined.
Tabel 4. 9 Hasil Pengujian Multikolinieritas ......... Error! Bookmark not defined.
Tabel 4. 10 Hasil Pengujian Autokorelasi.............. Error! Bookmark not defined.
Tabel 4. 11 Persamaan Regresi .............................. Error! Bookmark not defined.
Tabel 4. 12 Koefisien Korelasi .............................. Error! Bookmark not defined.
Tabel 4. 13 Pedoman Untuk Memberikan Interpretasi ........ Error! Bookmark not
defined.
Tabel 4. 14 Koefisien Determinasi......................... Error! Bookmark not defined.
Tabel 4. 15 Hasil Pengujian Statistik Uji t ............. Error! Bookmark not defined.
Tabel 4. 16 Hasil Pengujian Statistik Uji F ............ Error! Bookmark not defined.
Taufik Amirudin Wiradisastra, 2015
PENGARUH LIKUDITAS DAN NILAI TUKAR TERHADAP HARGA SAHAM SETELAH IPO PADA
PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2009 SAMPAI TAHUN 2014
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
v
DAFTAR GAMBAR
Gambar 1.1 Kurs Transaksi USD .......................... Error! Bookmark not defined.
Gambar 2.1 Kerangka Pemikiran .......................... .Error! Bookmark not defined.
Gambar 4. 1 Grafik Normal P-P Plot..............................................................Error!
Bookmark not defined.
Gambar
4.
2
Hasil
Uji
Heteroskedastisitas………………………………………..Error! Bookmark not
defined.
Taufik Amirudin Wiradisastra, 2015
PENGARUH LIKUDITAS DAN NILAI TUKAR TERHADAP HARGA SAHAM SETELAH IPO PADA
PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2009 SAMPAI TAHUN 2014
Universitas Pendidikan Indonesia | repository.upi.edu | perpustakaan.upi.edu
vi