PENGARUH NILAI PASAR EKUITAS DAN RISIKO SISTEMATIS TERHADAP COST OF EQUITY CAPITAL (Studi Empiris Pada Perusahaan Perbankan Yang Terdaftar Di BEI Tahun 2015- 2016)

Abstract

ABSTRACT
The purposes of this research are 1) to examine the simultaneous effect
of equity market value and systematic risk on the cost of equity capital of banking
companies listed on BEI in 2015-2016. 2) To examine the effect of the systematic
risk of market value on the cost of equity capital of a banking company listed on
BEI in 2015-2016. 3) To examine the effect of equity market value on the cost of
equity capital of banking companies listed on BEI in 2015-2016.
The populations used in this research are all banking companies listed
on the Indonesia Stock Exchange (BEI) in 2015-2016. The sample selection used
purposive sampling. Based on the criteria, 34 banks were sampled in this
research. This research used multiple linear regression methods.
Based on the results of analyze, some conclusions can be stated as
follows: 1) based on the results of regression analysis, simultaneously systematic
risk and equity market value has significant effect on cost of equity. 2) Partially
the systematic risk variable has significant value of 0.179. Because of sig. t> 5%
(0.179> 0.050), it can be concluded that Systematic risk does not significantly
influence Cost of Equity Capital, 3) While the Equity Market Value variable has
significant value of 0.015. Because of sig. t <5% (0.179 <0.050), it can be
concluded that Equity Market Value has significantly positive effect on Cost Of
Equity Capital.
Keywords: Systematic Risk, Market Value of Money and Cost of Equity Capital