PENERAPAN CAPM (Capital Asset Pricing Model) SEBAGAI DASAR MENENTUKAN TINGKAT PENGEMBALIAN DAN RISIKO SAHAM (Studi Pada Sektor Pertambangan yang Tercatat di Bursa Efek Indonesia)

Herutami, Cici Pravitasari (2008) PENERAPAN CAPM (Capital Asset Pricing Model) SEBAGAI DASAR MENENTUKAN TINGKAT PENGEMBALIAN DAN RISIKO SAHAM (Studi Pada Sektor Pertambangan yang Tercatat di Bursa Efek Indonesia). Other thesis, University of Muhammadiyah Malang.

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Abstract

This research represent the case study at company of mining sector listed in Indonesian Stock Exchange, with the title " Applying CAPM (Capital Asset Pricing Model) As Base Determine Return and Risk of Stocks (Study at Mining Sector Listed in Indonesian Stock Exchange)”. The research purposes are to know about return and risk of stocks at company of mining sector which listed in Indonesian Stock Exchange by using CAPM and to know the stocks listed in Indonesian Stock Exchange at company of mining sector owning expected return and systematic risk highest. Result of enumeration by using CAPM as a means of its analysis to determine the expected return and systematic risk each stocks of mining company that is ANTM, APEX, BUMI, INCO, MEDC, PTBA, and knowable TINS, that at 2003 stock of BUMI have the highest expected return equal to 8,8773% and the highest systematic risk equal to 2,2954, at 2004 stock of PTBA have the highest expected return equal to 5,9848% and the highest systematic risk equal to 2,0330, at 2005 stock of ANTM have the highest expected return equal to 1,6736% and the highest systematic risk equal to 1,4694, at 2006 stock of ANTM have the highest expected return equal to 6,3960% and the highest systematic risk equal to 1,8642, and at 2007 stock of INCO have the highest expected return equal to 4,6846% and the highest systematic risk equal to 1,3213. Based on to result analyse the data and solution which have been told, expressing that result of enumeration by using CAPM show during period 2003-2007 for return and risk of stock at company of mining sector listed in Indonesian Stock Exchange experience of the fluctuation. Implication writer can use the other of balanced model such as APT (Arbitrage Pricing Theory), to know about return and risk of stocks.

Item Type: Thesis (Other)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Economic > Department of Management
Depositing User: Anggit Aldila
Date Deposited: 08 May 2012 03:12
Last Modified: 08 May 2012 03:12
URI: http://eprints.umm.ac.id/id/eprint/4619

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