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PENGGUNAAN CAPITAL ASSET PRICING MODEL (CAPM) UNTUK MENENTUKAN TINGKAT PENGEMBALIAN SAHAM YANG EFISIEN (Studi pada Indeks LQ-45 yang Listing di Bursa Efek Indonesia)

Bambang, Sumantri (2014) PENGGUNAAN CAPITAL ASSET PRICING MODEL (CAPM) UNTUK MENENTUKAN TINGKAT PENGEMBALIAN SAHAM YANG EFISIEN (Studi pada Indeks LQ-45 yang Listing di Bursa Efek Indonesia). Other thesis, University of Muhammadiyah Malang.

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Abstract

The research used descriptive quantitative. The purpose of the study is to describe the use of the Capital Asset Pricing Model (CAPM) to determine an efficient stock returns and explain stocks efficiently by taking into account the individual returns (Ri), market return (Rm), the risk-free returns (Rf), beta (β), expected rate of return E(Ri). Results showing the rate of return stocks that have the highest return in 2012 which amounted to 0.06989 shares EXCL and in 2013 the AALI of 0.08829 with an average rate of return expected for each company on the LQ-45 in 2012 was 0.05326 and in 2013 was 0.04799. From the comparison between individual returns (Ri) and expected rate of return E (Ri) it can be seen that in 2012 there were 22 companies that have efficient stock and 9 stocks that have inefficient stock, and by 2013 there were 14 companies have efficient stock and 17 shares that have inefficient stock. But the shares are eligible to be purchased as AKRA, BBCA, BBRI, CPIN, ICBP, INDF, KLBF, LSIP, PGAS, TLKM because these stocks have a constant level of efficient / stable in 2012 and 2013, so that the shares will result in positive return for its owners.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Economics > Department of Accounting (62201)
Depositing User: Halimatus Zahroh
Date Deposited: 07 Jan 2015 04:49
Last Modified: 07 Jan 2015 04:49
URI : http://eprints.umm.ac.id/id/eprint/14460

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