ANALISIS PENGARUH LIKUIDITAS, SOLVABILITAS, DAN NILAI PASAR TERHADAP RETURN SAHAM (Pada Perusahaan Perbankan yang terdaftar di Bursa Efek Indonesia)

Abstract

ABSTRACT

This research is used to test the financial ratios on the Return of Shares in banking companies that have been listed on the Indonesia Stock Exchange. The ratio used is that there are three ratios, among others, liquidity, solvency, and market value. And that representing from three aspect ratio used is current ratio, debt to equity ratio price to book value while dependent variable that is stock return.

There is a population taken as many as 29 banking companies listed on the BEI period 2011-2013 and after going through the stages of samples that have been determined then the number of samples taken all. The ratio is, among others, current ratio, debt to equity ratio price to book value. Analyzes are used by multiple regression and t-statistic test to test the partial regression coefficient and f-statistic to analyze simultaneously.

In general, the results of this study indicate that the three ratios give a significant effect on stock returns and simultaneously have a significant influence on stock returns. The results of this observation illustrates that investors in 2011-2013 always use fundamental factors in predicting stock returns in banking sector companies listed on the Indonesia Stock Exchange

 

Keywords: Current Ratio (CR), Debt to Equity Ratio (DER), Price to Book Value (PBV), Stock Return