Analisis Pengaruh Price/Earnings Ratio, Dividend Yield, dan Market To Book Ratio Terhadap Stock Returns pada Perusahaan yang Terdaftar di Bursa Efek Indonesia

Efendi, Johan (2010) Analisis Pengaruh Price/Earnings Ratio, Dividend Yield, dan Market To Book Ratio Terhadap Stock Returns pada Perusahaan yang Terdaftar di Bursa Efek Indonesia. Undergraduate thesis, Universitas Internasional Batam.

Text Johan Efendi_0641123.pdf - Published Version Restricted to Repository staff only Download (4MB)

Abstract

The capital market of Indonesia have gained a rapid improvement, this progress can be seen from the system of transactions, number of issuers and from the value of transactions per day. Therefore investor should be more cautious in making their investment decisions, investors need to do a variety of analysis, both technical analysis and fundamental analysis. In fundamental analysis investor can consider for using market ratio, such as price/earning ratio, dividend yield, and market-to-book ratio as tools in order to obtain optimized stock returns. The purpose of this study was to determine whether there is a influences between price/earnings ratio, dividend yield and market-to-book ratio of stock returns. The population of this study are the companies listed in Indonesia Stock Exchange (IDX). Sampling was done by purposive sampling, which is consist of 24 manufacturing companies listed on IDX in the period of 2005 until 2009. Data was collected in the form of secondary data avaiable at IDX and the central depository of securities in Indonesia (KSEI). The results show that this regression model can be used in predicting stock returns. The results also show that dividend yield has the most significant influence on stock returns among the three independent variables are used, however, market-to-book ratio and price/earnings ratio shows bad grades in predicting stock returns. Keywords: Market-to-Book Ratio, Dividend Yield, Price/Earnings Ratio, Stock returns

Actions (login required)

View Item