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Kembali| NIM (Student Number) | C1L013021 |
|---|---|
| Nama Mahasiswa | ALAN BUDI PRASETYO |
| Judul Artikel | THE EFFECT OF PROFITABILITY TOWARD THE CHANGE IN STOCK RETURN OF COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE |
| Abstrak | Penelitian ini berjudul Pengaruh Profitabilitas Terhadap Return Saham Pada Perusahaan Yang ListingDi Bursa Efek Indonesia. Tujuan penelitian ini yaitu untuk menganalisis pengaruh rasio-rasio profitabilitas yang terdiri dari operating profit margin, return on asset, net profit margin, dan return on asset terhadap return saham yang listing di Bursa Efek Indonesia periode 2014-2016. Populasi dalam penelitian ini adalah semua perusahaan yang yang masuk dalam daftar Bursa Efek Indonesia tahun 2014 sampai dengan tahun 2016. Penentuan ukuran sampel menggunakan meteode slovin, berdasarkan perhitungan slovin diperoleh minimal sampel sebanyak 85 perusahaan. Metode pengambilan sampel menggunakan metode cluster random sampling, yang didasarkan pada kelompok industri manufaktur dan non manufaktur, berdasarkan perhitungan diperoleh sampel dari manufaktur sebanyak 23 perusahaan dan dari non manufaktur sebanyak 62 perusahaan. Alat analisis yang digunakan adalah regresi linier berganda. Hasil penelitian menunjukkan bahwa operating profit margin tidak berpengaruh terhadap return saham; return on equity berpengaruh positif terhadap return saham; net profit margin tidak berpengaruh terhadap return saham; return on asset berpengaruh positif terhadap return saham. Berdasarkan hasil analisis koefisien determinasi dalam penelitian ini terbilang cukup kecil yaitu hanya sebesar 5,1 persen, artinya masih ada variabel lain yang bisa mempengaruhi return saham. Penelitian mendatang diharapkan bisa menambah variabel-variabel profitabilitas lainnya yang bisa mempengaruhi return saham, seperti price to book value, dividen per saham, dan price earning ratio sehingga kajiannya menjadi lebih komprehensif. Selain itu bagi para investor hasil penelitian ini bisa menjadi informasi untuk fokus pada perusahaan-perusahaan yang memiliki return on equity di atas 5,65 persen atau return on asset di atas 2,21 persen ketika ingin melakukan investasi di perusahaan manufaktur, karena berdasarkan hasil analisis, dua variabel tersebut terbukti secara statistik mempengaruhi return saham. |
| Abstrak (Inggris) | This study entitled Influence Profitability toward Stock Return On Companies Listed In Indonesia Stock Exchange. The purpose of this research is to analyze the effect of profitability ratios consisting of operating profit margin, return on asset, net profit margin, and return on asset toward stock return listing in Indonesia Stock Exchange period 2014-2016. The population in this study are all companies listed on the Indonesia Stock Exchange in period 2014 until 2016. Determination of sample size using slovin method, based on calculation of slovin obtained minimum sample of 85 companies. Sampling method using cluster random sampling method, which is based on manufacturing and non manufacturing group, based on the calculation obtained the sample from manufacturing as much as 23 companies and from non manufactures as many as 62 companies. Analysis tool used multiple linear regression. The results showed that operating profit margin has no effect on stock returns; return on equity has a positive effect on stock return; net profit margin has no effect on stock return; return on assets has a positive effect on stock returns. Based on the results of the coefficient of determination analysis in this study is quite small that only amounted to 5.1 percent, meaning there are still other variables that can affect the stock return. Future research is expected to add other profitability variables that can affect stock return, such as price to book value, dividend per share, and price earnings ratio so that the study becomes more comprehensive. In addition to the investors the results of this study could be information to focus on companies that have return on equity above 5.65 percent or return on assets above 2.21 percent when want to invest in manufacturing companies, because based on the analysis , these two variables are statistically proven to affect stock returns. |
| Kata Kunci | stock return, operating profit margin, return on equity, net profit margin, return on asset. |
| Nama Pembimbing 1 | Dr.Christina Tri Setyorini, M.Si., Ak |
| Nama Pembimbing 2 | Yudha Aryo Sudibyo, S.E., M.Sc., Ph.D., Ak., CA |
| Tahun | 2018 |
| Jumlah Halaman | 20 |
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