Pengaruh Agency Cost dan Free Cash Flow Terhadap Return Saham pada Perusahaan yang Terdaftar di Bursa Efek Indonesia

Steven, Steven (2019) Pengaruh Agency Cost dan Free Cash Flow Terhadap Return Saham pada Perusahaan yang Terdaftar di Bursa Efek Indonesia. Undergraduate thesis, Universitas Internasional Batam.

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Abstract

Pelaksanaan penelitian dilakukan untuk menguji apakah return saham dipengaruhi variabel agency cost dan free cash flow pada perusahaan yang terdaftar di Bursa Efek Indonesia dengan menggunakan variabel-variabel berikut ini yaitu; total asset turnover, operating expense ratio, selling, net operating income volatility, free cash flow, general and administrative expense ratio dan net income volatility. Pengambilan sampel atau data ini berasal dari website BEI dan dilakukan seleksi yang masuk dalam kriteria masa periode 2013-2017 dengan total populasi 318 perusahaan dan diseleksi menggunakan teknik purposive sampling total sampel yang digunakan 1573 observasi. Penggunaan metode regresi panel untuk pengujian terhadap hipotesis dan data dianalisis menggunakan program pendukung yaitu SPSS Versi 25.00 dan Eviews Versi 10.00. Hasil penelitian ini adalah variabel total asset turnover berpengaruh signifikan positif terhadap return saham dan variabel yang berpengaruh negatif namun tidak signifikan terhadap return saham yaitu operating expense ratio, net operating income volatility, dan net income volatility. Sedangkan variabel yang berpengaruh positif namun tidak signifikan terhadap return saham yaitu selling, general and administrative expense ratio. ********************************************************************** The research was conducted to test whether stock returns are influenced by agency cost and free cash flow variables in companies listed on the Indonesia Stock Exchange, the variables used are free cash flow, total asset turnover, operating expense ratio, sales, general and administrative expense ratio, net operating income volatility, and net income volatility. The sample or data on this research paper is based on website BEI and the sample is on selection with criteria period on 2013-2017 with total population is 318 company and which selected by using purposive sampling method 1573 observation. The use of panel regression method for testing hypotheses and data were analyzed using supporting programs, namely SPSS Version 25.00 and Eviews Version 10.00. The results of this study are the total asset turnover variable has a significant positive effect on stock returns and variables that have a negative but not significant effect on stock returns, namely operating expense ratio, net operating income volatility, and net income volatility. While the variables that have a positive but not significant effect on stock returns are selling, general and administrative expense ratio.

Item Type: Thesis (Undergraduate)
Additional Information: Similarity: 24
Uncontrolled Keywords: agency cost, free cash flow, total asset turnover, operating expense ratio, selling, general and administrative expense ratio, net operating income volatility, net income volatility, stock return
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance
Divisions: School of Economic and Business > Accounting
SWORD Depositor: Admin Repository Universitas Internasional Batam
Depositing User: Admin Repository Universitas Internasional Batam
Date Deposited: 21 Oct 2019 10:57
Last Modified: 05 Oct 2020 08:59
URI: http://repository.uib.ac.id/id/eprint/1992

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