PENGARUH KINERJA KEUANGAN TERHADAP RISK-ADJUSTED RATE OF RETURN PADA PERUSAHAAN OTOMOTIF YANG TERCATAT DI BURSA EFEK INDONESIA

Naningrum, Lestari (2010) PENGARUH KINERJA KEUANGAN TERHADAP RISK-ADJUSTED RATE OF RETURN PADA PERUSAHAAN OTOMOTIF YANG TERCATAT DI BURSA EFEK INDONESIA. Other thesis, University of Muhammadiyah Malang.

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Abstract

The research aimed to find out the influence of financial performance to Risk-Adjusted Rate of Return in Automotive Company listed in Indonesia Stock Exchange, also to find out which is the most influence variable to Risk-Adjusted Rate of Return. Data used was secondary data, consisted of financial report, stock data, and daily stock price from each automotive company listed in Indonesia Stock Exchange year 2005-2007. The data analyzed using Multiple Linear Regression Analysis. Equation showed that in simultaneous way, with F test, there could be concluded that company financial performance measured from fluent ratio, total assets circulation, debt ratio, return on equity, and earning per share, altogether had no real influence to Risk-Adjusted Rate of Return. Partial test result with T test could conclude that in partial, total assets circulation and return on equity which had significant influence to Risk-Adjusted Rate of Return, while fluent variable, debt ratio, and earning per share, had no significant influence to Risk-Adjusted Rate of Return and return on equity ratio which had dominant influence to Risk-Adjusted Rate of Return in Automotive Companies listed in Indonesia Stock Exchange. According to above conclusion, the writer suggest: Emmitent should consider debt usage to fulfill their financial needs in order to avoid high interest. Since by avoiding debt, it would influence the company ability in getting profit, where the result would influence the stock income and influence the company’s risk. For investor or investor candidate, when doing investment in Indonesia Stock Exchange, they should considered fundamental financial aspect of the company, also pay attention to external aspect where this aspect also has role in triggered Risk-Adjusted Rate of Return.

Item Type: Thesis (Other)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Economic > Department of Management
Depositing User: Rayi Tegar Pamungkas
Date Deposited: 15 May 2012 03:04
Last Modified: 15 May 2012 03:04
URI: http://eprints.umm.ac.id/id/eprint/5258

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