Pengaruh Beta Saham, Debt to Equity Ratio dan Return On Asset terhadap Return Saham (Studi Kasus pada Saham-Saham LQ45 Periode 2018 – 2019)

Pratiwi, Indah Suci; Winarto, Wahid Wachyu Adi

doi:10.35314/iakp.v2i1.1786

Cited by 4 publications

(6 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Berdasarkan beberapa hasil penelitian yang telah dilakukan oleh Oktaviana et al (2020), Pratiwi & Winarto (2021), dan Yuliana et al (2019) menunjukkan bahwa debt to equity ratio secara parsial memiliki pengaruh negatif dan signifikan terhadap return saham. Namun hasil tersebut berlawanan dengan hasil penelitian Simanjuntak et al (2019), dan Mufid (2020) yang menyatakan bahwa struktur modal tidak berpengaruh dan tidak signifikan terhadap return saham.…”

Section: Pendahuluanunclassified

See 1 more Smart Citation

Pengaruh Inflasi, Tingkat Suku Bunga, Nilai Tukar, dan Struktur Modal terhadap Return Saham Perusahaan Sektor Farmasi

Mourine

Septina

2023

View full text Add to dashboard Cite

Return is one of the factors that can motivate investors to invest. There are two factors that can affect the rate of return, there are macro and microeconomic factors This study aims to determine the effect of macroeconomic factors, such as inflation, interest rates, and exchange rates and microeconomic factors, there are capital structure on stock returns in pharmaceutical sector companies listed in Indonesia Stock Exchange for the 2015-2020 period. This research is a quantitative approach, there are calculations on the data in the form of numbers. The research sample uses pharmaceutical companies that have been listed on the IDX for the 2015-2020 period using a purposive sampling technique, obtained 48 samples of the company during the 2015-2020 period. The research is secondary data which is already available about financial reports and annual reports of pharmaceutical sector companies for the 2015-2020 period and obtained from Indonesian Stock Exchange official website. The results showed that inflation have a significant effect on stock returns, interest rates have a significant effect on stock returns, the exchange rate have no significant effect on stock returns, capital structure have no significant effect on stock returns, and company size as a control variable do not have a significant effect on stock returns in pharmaceutical companies listed on the IDX for the 2015-2020 period.Keywords : Exchange Rates, Capital Structure, Inflation, Interest Rates, Stock Returns

show abstract

Section: Pendahuluanunclassified

“…Tingkat hutang yang semakin tinggi menunjukkan risiko juga akan semakin tinggi. Secara umum, DER yang tinggi mencerminkan risiko perusahaan yang tinggi sehingga investor menjadi tidak tertarik dan memutuskan untuk menjual saham perusahaan tersebut (Pratiwi & Winarto, 2021).…”

Section: Pendahuluanunclassified

Pengaruh Inflasi, Tingkat Suku Bunga, Nilai Tukar, dan Struktur Modal terhadap Return Saham Perusahaan Sektor Farmasi

Mourine

Septina

2023

View full text Add to dashboard Cite

show abstract

“…According to Pratiwi & Adi (2021) in making investments, an investor always expects a return or profit. Stock Return is a benefit that will be enjoyed by investors from investment results.…”

Section: Stock Returnmentioning

confidence: 99%

“…The Capital Market Law Number 8 of 1995 states that the capital market is a place of activities related to public offerings and Securities Trading, public companies related to the securities they issue, as well as institutions and professions related to securities. According to Pratiwi & Adi (2021), the capital market or commonly referred to as the capital market is a market where there are various long-term financial instruments that can be traded.The capital market is one of the funding facilities for companies and government institutions and also as a means for investing activities. Where investors can invest their money to get a return in the form of capital gains and dividends and obtain the right to ownership of the company.…”

Section: Introduction *mentioning

confidence: 99%

The Effect of Fundamental Factors and Systematic Risk on the Return of LQ45 Shares Listed on the Indonesia Stock Exchange

Wibowo¹,

Alamsyah²,

Rafika³

2023

Quant. Econ. Manag. Stud.

View full text Add to dashboard Cite

This study aims to find out the influence of fundamental factors which are represented by the Current Ratio, Total Asset Turn Over, Debt to Equity Ratio, Return On Equity and Price Book Value and Systematic Risk which is represented by beta toward stock returns of LQ45 stock that listed in Indonesia Stock Exchange period 2018 - 2021. Purposive sampling is used as the sampling technique with criteria: The stock of industry in LQ45 has always seen the annual financial report over the period 2018-2021 and could be made financial ratio from the annual report as used in this research. 28 samples of LQ45 stock were taken in this research. The partial regression coefficient was tested using multiple linear regression and hypothesis testing using the statistical t-test with a level of significance of 5%. The classic assumption test, which also included the normality test, multicollinearity test, autocorrelation test, and heteroscedasticity test, was also run. Based on the result of this research, classic assumption deviation has not founded, this indicated that available data has fulfilled the condition to use a multiple regression model. Empirical evidence of analysis showed as partially Price to Book Value and Systematic Risk have a positive dan significant effect on stock return, while CR, TATO, and DER have no significant effect on stock returns and ROE has a negative and significant effect on LQ45 stock returns for the 2018-2021 period. The result of this research indicated that PBV and Systematic Risk were used by the investor to predict the stock return of LQ45 company period 2018-2021.

show abstract

“…This is motivated because stock beta is proven to have a strong bond with investment returns. Several researchers have proven that beta has an effect on stock returns quite significant, including (Suharti & Nurhayati, 2020), (Mulya et al, 2021, (Pratiwi & Wachyu Adi Winarto, 2021), and (Sitepu et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Performance Evaluation of State-Owned Company Stocks in Indonesia

Salim,

Rizki,

Rizal

2024

IJFBS

View full text Add to dashboard Cite

This study delves into the performance of Indonesian state-owned enterprises (BUMN) stocks from February 2021 to October 2023, attracting investor attention due to their strategic position in the national economy. However, the stock performance during this period exhibited suboptimal movements, failing to surpass the returns of the Indonesia Stock Exchange Composite Index (IHSG). To address this, a prudent investment strategy is essential, encompassing portfolio construction and management. In portfolio construction, the study employs proven smart beta strategies, known for delivering superior returns compared to traditional portfolios. Portfolio management involves testing two strategies: a passive approach utilizing the buy-and-hold technique and an active approach employing portfolio recomposition. This quantitative descriptive study utilizes historical closing price data, forming portfolios based on selected beta groups. Weighting is adjusted, with higher beta stocks receiving a larger allocation in the portfolio. The research compares two beta groups (high and low) and two investment strategies (active and passive) using the Sharpe, Treynor, and Jensen indices. The results indicate that the high-beta group and active strategy outperform, aligning with the investment adage "high risk, high return." The high-beta group yields higher returns due to its increased risk profile, consistent with the notion of high-risk, high-reward investments. The active strategy provides opportunities to discard underperforming stocks and enhance the weighting of well-performing ones during recomposition. These findings are valuable for investors seeking to capitalize on BUMN stocks at lower prices. The study aids in minimizing negative returns (losses) by identifying the most suitable strategy for BUMN portfolios. Investors can leverage this research to make informed decisions and navigate the challenges associated with investing in state-owned enterprises.

show abstract

Pengaruh Beta Saham, Debt to Equity Ratio dan Return On Asset terhadap Return Saham (Studi Kasus pada Saham-Saham LQ45 Periode 2018 – 2019)

Cited by 4 publications

References 0 publications

Pengaruh Inflasi, Tingkat Suku Bunga, Nilai Tukar, dan Struktur Modal terhadap Return Saham Perusahaan Sektor Farmasi

Pengaruh Inflasi, Tingkat Suku Bunga, Nilai Tukar, dan Struktur Modal terhadap Return Saham Perusahaan Sektor Farmasi

The Effect of Fundamental Factors and Systematic Risk on the Return of LQ45 Shares Listed on the Indonesia Stock Exchange

Performance Evaluation of State-Owned Company Stocks in Indonesia

Contact Info

Product

Resources

About