ANALISIS FUNDAMENTAL DAN RESIKO SISTEMATIK TERHADAP HARGA SAHAM PERBANKAN YANG TERDAFTAR PADA INDEKS LQ 45
Abstract: This research aimed
to determine the effect of fundamental’s aspect and systematic risk to the
stock price of bank on the list of LQ 45. Fundamental analysis is a picture of
the bank company’s performance based on fundamental aspects. Systematic risk
(BETA) is a risk that affects the market price of the existing shares on the
stock exchange. Fundamental analysis is the form of financial ratios and Beta
are identified variables could affect the stock price.
The variables used in this research are financial ratios, Return on
Assets (ROA), Return on Equity (ROE), Debt to Equity Ratio (DER), Earning Per
Share (EPS) Price Earning Ratio (PER), and Beta. Beta is a risk systematic
sensitivity indicator of the stock market. This research used panel data which
is a combination of the data time-series and cross-section with multiple linear
regression models. The data was then estimated by Fixed Effect Model (FEM) and
processed with the program Eviews 7. The results showed that the independent
variables, Debt to Equity Ratio (DER), Earning Per Share (EPS), Price Earning
Ratio (PER) and BETA significant affected on bank stock prices LQ 45 while the
Return On Assets (ROA) and Return on Equity (ROE) not significant affected on
bank stock prices LQ 45. The independent variables used in this research are
affected the stock price of bank in LQ 45 as the dependent variable with
R-square 0.988096 and probability 0.000000.
Keywords: Return On Assets (ROA), Return On Equity
(ROE), Debt to Equity Ratio (DER),
Earning Per Share (EPS), Price Earning Ratio (PER), Systematic Risk (BETA)
Penulis: Amanda WBBA, Wahyu
Ario Pratomo
Kode Jurnal: jpakuntansidd130559
