PENGARUH RETURN ON ASSET, DEBT TO EQUITY RATIO, EARNING PER SHARE DAN PRICE TO BOOK VALUE TERHADAP RETURN SAHAM PADA PERUSAHAAN REAL ESTATE AND PROPERTY YANG TERDAFTAR DI BEI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2009–2014
Abstract
Capital markets as a means to mobilize funds from various sectors of society to carry out the investment. The main requirement desired by investors to be willing to channel their funds through the capital market is feeling safe going investment. The investors who will invest by buying shares in the capital market will analyze the condition of the company first so that its investments can be profitable (return). Getting a return (profit) is the main aim of the trading activity of investors in the capital market. This study aims to analyze empirically the effect Return On Assets, Debt to Equity Ratio, Earnings per Share and Price to Book Value (PBV) on stock returns of real estate and property companies listed on the Indonesia Stock Exchange.
The population in this study are all real estate and property company Listed on the Stock Exchange listed on the Indonesia Stock Exchange Period 2009-2014 in the amount of 51 companies. The sample used in this study as many as 33 companies to obtain a sample of 198 observation data. The sampling technique used purposive sampling. Statistical analysis was conducted on the multiple linear regression and hypothesis testing.
Based on the results of data analysis can be concluded; There is positive Return On Asset on stock returns, there is a negative effect of Debt to Equity Ratio on stock returns, there is a positive influence Earning Per Share to return stock, There was no significant effect of Price to Book Value of the stock return.
Suggestions in this study is the investor should also consider the factors financial fundamentals that reflect the company's financial performance in addition to stock returns itself before deciding to invest. Shares of issuers that have good financial performance could be an option to invest because the effect on stock returns
Keywords: Return On Asset, Debt to Equity Ratio, Earning per Share, Price to Book Value, Stock Return
The population in this study are all real estate and property company Listed on the Stock Exchange listed on the Indonesia Stock Exchange Period 2009-2014 in the amount of 51 companies. The sample used in this study as many as 33 companies to obtain a sample of 198 observation data. The sampling technique used purposive sampling. Statistical analysis was conducted on the multiple linear regression and hypothesis testing.
Based on the results of data analysis can be concluded; There is positive Return On Asset on stock returns, there is a negative effect of Debt to Equity Ratio on stock returns, there is a positive influence Earning Per Share to return stock, There was no significant effect of Price to Book Value of the stock return.
Suggestions in this study is the investor should also consider the factors financial fundamentals that reflect the company's financial performance in addition to stock returns itself before deciding to invest. Shares of issuers that have good financial performance could be an option to invest because the effect on stock returns
Keywords: Return On Asset, Debt to Equity Ratio, Earning per Share, Price to Book Value, Stock Return
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