Analisis Pengaruh Market Value of Equity, Book Market Value of Equity Ratio, Debt Equity Ratio, dan Sales Price Ratio Terhadap Stock Returns

Tamia, Nofy Lea (2010) Analisis Pengaruh Market Value of Equity, Book Market Value of Equity Ratio, Debt Equity Ratio, dan Sales Price Ratio Terhadap Stock Returns. Undergraduate thesis, Universitas Internasional Batam.

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Abstract

This research examines the influences of market value of equity, book market value of equity ratio, debt equity ratio, and sales price ratio on stock return. The discussion about stock returns becomes more intresting in its progress, because of the condition of the Indonesian companies, especially for the multinational companies, that in fact, really need funds for their investment, especially low risk fund sources, it can be overcame by issueing marketable securities in stock market.This research can not be separated with the beginning research. The writer considered that they have strategic relation. Because on that, investor need some important informations that can help them in investment decision making, include knowledge about factors that can push stock return variability. In this research, the writer examines four predictable variables that can influence stock return, they are (1) market value of equity; (2) book market value of equity rati;, (3) debt equity ratio; (4) sales price ratio. The research population are manufacturing companies that listed in Indonesian Stock Exchange in period 2005-2009. After calculating the samples, it was found 235 or as many as 47 data company. This data was taken with a purposive sampling method. The data are tested using multiple regression methods through statistical package for social sciences (SPSS). The regretion analysis result is that using 5% alpha level, variable book market value of equity ratio influences stock return significantly. Market value of equity, debt equity ratio, and sales price ratio does not have a significant impact on stock return. Keywords: Market value of equity, book market value of equity ratio, debt equity ratio, sales price ratio and stock return.

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