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PENGARUH KINERJA KEUANGAN TERHADAP RETURN SAHAM

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ABSTRACT
This research is meant to examine the influence of financial performance which is proxy by current ratio, debt to
equity ratio, return on asset, and total asset turnover to the stock return which is measured by using capital
gain/loss plus dividend yield on the manufacturing companies which are listed in Indonesia Stock Exchange
(IDX) in the years of 2011-2013. The sample collection method has been carried out by conducting purposive
sampling and the samples are thirty two manufacturing companies. The dependent variable is the Stock Return
whereas the independent variables are Current Ratio, Debt to Equity Ratio, Return on Asset, and Total Asset
Turn Over. The multiple linear regressions analysis is used as the data analysis method. The result of goodness
of fit test shows that Current Ratio, Debt to Equity Ratio, Return on Asset, and Total Asset Turnover are the
explanatory variables of the stock return. The result of the hypothesis test shows that Return on Asset has
positive and significant influence to the stock return whereas Current Ratio, Debt to Equity Ratio, Total Asset
Turnover do not have any significant influence to the stock return.
Keywords: Current Ratio, Debt to Equity Ratio, Return on Asset, Total Asset Turnover and Stock return


ABSTRAK

Penelitian ini bertujuan untuk melihat pengaruh kinerja keuangan yang diproksikan dengan current
ratio, debt to equity ratio, return on asset, dan total asset turnover terhadap return saham yang diukur
dengan capital gain/ loss ditambah dividen yield pada perusahaan manufaktur yang terdaftar di Bursa
Efek Indonesia (BEI) pada tahun 2011-2013. Metode pengambilan sampel menggunakan metode
purposive sampling dan sampel yang diteliti adalah tiga puluh dua perusahaan manufaktur. Variabel
dependen dalam penelitian ini yaitu return saham, sedangkan variabel independen dalam penelitian
ini yaitu Current Ratio, Debt to Equity Ratio, Return on Asset, dan Total Asset Turn Over. Metode analisis
data dengan menggunakan analisis regresi berganda. Hasil pengujian goodness of fit menunjukkan
bahwa Current Ratio, Debt to Equity Ratio, Return on Asset, dan Total Asset Turn Over merupakan
variabel penjelas dari return saham. Hasil pengujian hipotesis menunjukkan bahwa Return on asset
berpengaruh positif signifikan terhadap return saham, sedangkan Current Ratio, Debt to Equity Ratio,
Total Asset Turn Over tidak berpengaruh signifikan terhadap return saham.

Kata kunci: Current Ratio, Debt to Equity Ratio, Return on Asset,Total Asset Turn Over dan Return Saham.

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Informasi Detil

Judul Seri

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No. Panggil

A15/064 Chr p

Penerbit

New Delhi : ., 2015

Deskripsi Fisik

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Bahasa

Indonesia

ISBN/ISSN

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Klasifikasi

A15/064

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subyek

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Info Detil Spesifik

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Pernyataan Tanggungjawab

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Versi lain/terkait

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