ANALISIS PENGARUH FAKTOR FUNDAMENTAL TERHADAP HARGA SAHAM PADA PERUSAHAAN YANG LISTING DI BURSA EFEK INDONESIA(Studi Pada Perusahaan Yang Tergabung Dalam Indeks LQ-45)

Khoiriyah, Amif Tahul Nur (2008) ANALISIS PENGARUH FAKTOR FUNDAMENTAL TERHADAP HARGA SAHAM PADA PERUSAHAAN YANG LISTING DI BURSA EFEK INDONESIA(Studi Pada Perusahaan Yang Tergabung Dalam Indeks LQ-45). Other thesis, University of Muhammadiyah Malang.

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Abstract

This study is empirical study. It needs more real proofs for its accountably results of study. This study entitled “The Analysis on the Fundamental Influence toward Stock Price in Listing Company of Bursa Efek Indonesia (Study on the Company Listed in Index LQ – 45).” The Fundamental Factor that is used in this study is financial ratios; they are Return on Equity (ROE), Current Ratio (CR), Earning Per Share (EPS), and Price to Book Value (PBV). The purposes of this study are to know how is the fundamental factor toward the stock price, whether its influence in all at once or its influence in each, and what fundamental factor that most influences stock price of the company that is listen in index LQ – 45 in Bursa Efek Indonesia. Period that is used in this study is in the year of 2004 -2006. Sampling method that is used in this study is purposive sampling and, the sample is 17 qualified companies. To analyze the problems, here is used double linear regression by using SPSS program. From suddenly result, there is value of Fcalculation 88,77 > Ftable 2,61, so that the conclusion is that fundamental factor in all at once has significance influence toward stock price. It seems from R square for about 0,879; it means that fundamental factor influences stock price 87,9%. The rest 12,1% is influenced by other factor. While from the result of t-test (respectively test) the value of tcalculation for Return on Equity is -6,760; Earning per share is 17,433; and Price to Book Value is 7,507; the value is > ttable 2,132. The influence of three variables toward stock price is significance. While Current Ratio variable by value tcalculation is -0,185 < 3,132 so that the influence is not significance toward stock price. From the result of calculation, it can be concluded that in all at once, fundamental variables (ROE, CR, EPS, and PBV) influence significantly toward stock price. While in partial, fundamental factors that have significant influences are ROE, EPS, and PBV. And the most dominant influencing variable toward stock price is Earning per share. From the conclusion, the implication for investor is that investor should consider about the fundamental factor of company. While for emiten is that they should be able to increase its financial performance in order to make current stock price has high price. And for further researchers, they should use study period more than three years and use other variable that is influenced by stock price.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Economic > Department of Accounting
Depositing User: Anggit Aldila
Date Deposited: 14 May 2012 02:58
Last Modified: 14 May 2012 02:58
URI: http://eprints.umm.ac.id/id/eprint/5092

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