ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PRICE EARNING RATIO(Studi pada Perusahaan Manufaktur yang Terdaftar di BEI)

ANIS, FARIDAH (2009) ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PRICE EARNING RATIO(Studi pada Perusahaan Manufaktur yang Terdaftar di BEI). Other thesis, University of Muhammadiyah Malang.

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Abstract

The research titled: ”Analysis of factors influenced Price Earning Ratio Study at Manufacture Companies Listed in Indonesia Stock Exchange” The research aimed to find out factors influencing Price Earning Ratio (PER) and to find out the most influenced factors to the PER. Factors used in this research were Return on Assets Ratio (ROA), Debt to Equity Ratio (DER), Dividend Payout Ratio (DPR), and Price Book Value (PBV). In the research, the writer took two hypothesis, those were ROA, DER, DPR, and PBV factors had significant influence to the PER; and DPR factor had dominant factor to PER. Analytical tool used were multiple regression analysis, determination coefficient (R ), F-test, t-test, and classical assumption test consisted of multi-linearity test, autocorrelation test, and hereroskedaksitas test The research and analysis found that Fcount> Ftable(14,889>2,45). It means rejecting nil hypothesis (H0) and accepting first hypothesis (H1) wheihc means ROA, DER, DPR, and PBV influenced significantly to PER, an investor used ROA, DER, DPR, and PBV altogether. The variable value to the PER showed by determination coefficient (R ) for 0,439 (43,9%). So 43,9% PER change influenced by ROA, DER, DPR, and PBV, while rest of 56,1% influenced by another factors. From the research in partial there found that the most influenced factor to the PER was PBV. It showed by tcount for 7,686, with 0,000 significancy. So that the research rejected the second hypothesis stated that DPR factor was the most influenced factor to the PER. According to above conclusion, there could be said that fundamental aspect was influenced to a stock value. That’s why the company should pay attention to the fundamental aspect, so that the company value could be increased in the eyes of the investors.

Item Type: Thesis (Other)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Economic > Department of Management
Depositing User: Anwar Jasin
Date Deposited: 21 Mar 2012 13:20
Last Modified: 21 Mar 2012 13:20
URI: http://eprints.umm.ac.id/id/eprint/838

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