PENGARUH STRUKTUR MODAL DAN KINERJA KEUANGAN TERHADAP HARGA SAHAM (STUDI PADA PERUSAHAAN TEXTILE AND GARMENT YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2006-2010)

HARIANTO, HARIANTO (2009) PENGARUH STRUKTUR MODAL DAN KINERJA KEUANGAN TERHADAP HARGA SAHAM (STUDI PADA PERUSAHAAN TEXTILE AND GARMENT YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2006-2010). Masters thesis, STIESIA SURABAYA.

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Abstract

Stock prices fluctuate from time to time, therefore stock analysis needs to be done before taking the policy in deciding to invest, one of which is by using fundamental analysis, which focuses on the company's financial statements. One of the tools in analyzing the company's financial statements are the financial ratios. This study describes the effect of independent variables consisting of Debt Ratio (DR), Debt Equity Ratio (DER) as an indicator of the Capital Structure and Earnings Per Share (BPS), Return On Equity (ROE), which is a reflection of the financial performance, both simultaneous and partially on the dependent variable is the Stock Price. This research is a quantitative approach to the type of research by using explanatory research. The population in this study is the Textile and Garment Company listed on the Indonesia Stock Exchange (IDX) the period 2006 to 2010, the sample collection technique uses purposive sampling method later than the specified criteria selected 16 companies as samples in this study. Analysis of the data used is multiple linear regression statistical analysis by taking into account the classical assumption that the obtained results are BLUE (Best Linear Unbiased Estimation). The results of the regression equation of the analysis conducted is HS = 3.901 + 0.166 DR+ 0.019 DER + 0377 BPS+ 0.184 ROE+ e results of data processing show that simultaneous variables consisting of DR, DER, BPS, and ROE significantly influence the dependent variable is the price Shares can be assessed F test with a significant level of 0.000 <0.05 and R Square value indicates the number 0.354 which means that these variables accounted for 35.4% to stock price. Partially visible from the t test on the value table (a= 0.05, df residual = 75) showed that the variable DR, DER, BPS, and ROE has a positive effect on stock prices with their respective values for the DR of 2.280 and level significant 0.024 <0.05, for the DER value of 2.184, and a significant level of 0.035 <0.05. Variable BPS of 5.942 and 0.000 significant level <0.05. ROE amounted to 2.504 and 0.014 significant level <0.05. The independent variables are the dominant influence on stock prices is that BPS can be seen from the Standardized Coefficient most large compared with other independent variable that is equal to 0.667 with a positive direction or a directly proportional relationship, which means the higher the value of BPS to further improve the value of the stock price. Based on these results, it is suggested that all interested parties to take into account all the variables that have a significant impact, especially because BPS BPS variable is a variable dominant or most sensitive to changes in the level of stock prices.

Item Type: Thesis (Masters)
Uncontrolled Keywords: Capital structure ratios and financial performance, multiple linear regression analysis and the positive influence, stock prices.
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Postgraduate Program > Master Program in Accounting
Depositing User: Mrs. Kristina .
Date Deposited: 27 May 2017 01:49
Last Modified: 27 May 2017 01:49
URI: http://repository.stiesia.ac.id/id/eprint/1582

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