PENGARUH VARIABEL-VARIABEL KEUANGAN TERHADAP PENENTUAN HARGA PASAR SAHAM (Studi Empiris Pada Perusahaan Yang Melakukan IPO Pada Tahun 2002-2006).

MACHFUD, MUHAMMAD ALI (2008) PENGARUH VARIABEL-VARIABEL KEUANGAN TERHADAP PENENTUAN HARGA PASAR SAHAM (Studi Empiris Pada Perusahaan Yang Melakukan IPO Pada Tahun 2002-2006). Other thesis, University of Muhammadiyah Malang.

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Abstract

This study is study to modal market especially in price of firm shares which carrying out IPO. The title of this study is “Influence of financial variables to determination of shares price (empiric study to firm which carrying out IPO in BEJ in 2002-2006), the goal of this study is to know how influence of financial variable which consist of EPS, Proceed, Offering Type and Stock Index of Industry to Determination of Market Price of Shares in Secondary Market in first day until in seventh of trade. In this study, writer takes hypothesis, the hypothesis alternative (Hi) that Financial variables simultaneously and partially give significant influence to determine market price of firm shares which carrying out IPO. The analysis tool which be used multi linier regression. The regression analysis result show that the lowest determination coefficient (R2) about 74.9% (in first day) and highest about 88.6% (in seventh day), that change of financial variables able to explain that change of share price about 74.9%-88.6%. the meaning that changing of shares price is influenced by other variables, which do not entered in the model about 12%. Based on the F test is gained F test in = 5%) in the first day up to seventh day moresignificant level 5% ( than F table (2.70), that Hi is rejected it gives meaning that financial variables simultaneously give significant influence to share price. The t test result to Index of Shares Price of industry is gained t test in first day up to seventh day lowest 8.830 and highest 14.458 which more than f table (2.0345) while the EPS, Proceeds, and Offering Type Variables have t test less than t table (2.0345). this result show that partially hypothesis (Hi) is accepted, which Index of Shares Price of industry have significant influence to shares prices in first day up to seventh day of traded. Based on the conclusion above, writer may imply that it will be better if investor take decision in invent based on the financial information in prospectuses of share offering. To next researchers are hoped to be able to consider other information besides this variables. Keyword : Shares Prices, Financial Variables, The First General Offerin

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Economic > Department of Accounting
Depositing User: Anggit Aldila
Date Deposited: 15 May 2012 04:04
Last Modified: 15 May 2012 04:04
URI: http://eprints.umm.ac.id/id/eprint/5298

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