ANALISIS PENGARUH FAKTOR FUNDAMENTAL DAN VOLUME PERDAGANGAN TERHADAP RETURN SAHAM (studi kasus pada perusahaan real estate and property yang terdaftar di BEI periode 2007-2010)
Abstract: The development of
stock returns on the real estate and property industry in 2007-2010 fluctuated
sharply. This study is conducted to examine the effect of the Debt to Total
Asset ratio (DTA), Earning Per Share (EPS) and Trading Volume on the stock
returns.
Sampling method used in this study was purposive sampling method, which
was based on certain criteria. Samples that match with the criteria of this
research were 31 real estate and property companies on the Indonesian Stock
Exchange in the period 2007-2010. The analysis used was multiple linear
regressions, to see whether the independent variables influence the dependent
variable.
Based on the results of this study, there are no variables that deviate
from the classical assumptions. It indicates that the available data has been
qualified in order to use the multiple linear regression equation models. Based
on the hypothesis test, variable of Debt to Total Asset Ratio (DTA) and the
trading volume have partially influenced the effect on the stock returns of the
property and real estate companies which are listed in the Indonesian Stock
Exchange 2007-2010, while Earning Per Share(EPS) partially has no significant
effecton the stock returns. This paper also shows that DTA is the most dominant
factor in influencing the Stock Return, as proven by the regression coefficient
value of 0.469, which larger compared to other variables. The predictive ability
of these three variables on the stock returns are about 27.1%.
Penulis: Puri Widayanti, A.
Mulyo Haryanto
Kode Jurnal: jpmanajemendd131123
