Mujiyono PENGARUH FAKTOR FUNDAMENTAL DAN RISIKO SISTEMATIK TERHADAP RETURN SAHAM PERUSAHAAN MANUFAKTUR LQ45
Abstrak
ABSTRAK
Tujuan yang ingin dicapai dalam penelitian ini adalah untuk mengetahui adanya pengaruh antara Faktor Fundamental (Earning Per Share, Price Earning Ratio, Return On Investment, Financial Leverage, Total Aset Turnover) dan Risiko Sistematik (Beta) terhadap Return Saham pada perusahaan LQ45 yang listing di Bursa Efek Jakarta pada tahun 2020. Teknik analisis data yang digunakan dalam pengujian ini adalah uji analisis regresi berganda, uji asumsi klasik, uji-t dan uji F.
Hasil penelitian menyatakan bahwa secara parsial Earning Per Share berpengaruh signifikan terhadap Return Saham, secara parsial Price Earning Ratio berpengaruh signifikan terhadap Return Saham, secara parsial Return On Investment berpengaruh signifikan terhadap Return Saham, secara parsial Financial Leverage berpengaruh signifikan terhadap Return Saham, secara parsial Likuditas tidak berpengaruh signifikan terhadap Return Saham, secara parsial Beta berpengaruh signifikan terhadap Return Saham dan terakhir kesimpulan yang didapat bahwa secara simultan Earning Per Share, Price Earning Ratio, Return On Investment, Financial Leverage, Total Aset Turnover dan Beta berpengaruh signifikan terhadap Return Saham.
Kata kunci : Resiko Fundamental, Resiko Sistematik, Return saham, LQ 45
INFLUENCE OF FUNDAMENTAL FACTORS AND SYSTEMATIC RISK ON THE STOCK RETURNS OF LQ45 MANUFACTURING COMPANIES
Oleh :
MUJIYONO*)mujiyono19263@gmail.com
Program Studi Akuntansi Universitas Kristen Teknologi Solo
HERNAWATI PRAMESTI
ABSTRACT
The objective of this research is to determine the influence of Fundamental Factors (Earning Per Share, Price Earning Ratio, Return On Investment, Financial Leverage, Total Asset Turnover) and Systematic Risk (Beta) on Stock Returns of LQ45 companies listed on the Jakarta Stock Exchange in 2020. The data analysis techniques used in this examination are multiple regression analysis, classical assumption tests, t-tests, and F-tests.
The results of the study indicate that partially Earnings Per Share significantly affects Stock Return, partially Price Earnings Ratio significantly affects Stock Return, partially Return On Investment significantly affects Stock Return, partially Financial Leverage significantly affects Stock Return, partially Liquidity does not significantly affect Stock Return, partially Beta significantly affects Stock Return, and finally the conclusion drawn is that simultaneously Earnings Per Share, Price Earnings Ratio, Return On Investment, Financial Leverage, Total Asset Turnover, and Beta significantly affect Stock Return..
Keywords: Fundamental Risk, Systematic Risk, Stock Return, LQ 45.
