VARIABEL-VARIABEL YANG MEMPENGARUHI RETURN SAHAM PADA PERUSAHAAN PROPERTY DAN REAL ESTATE DI BEI

kadek ayu silvia yuliaratih; Luh Gede Sri Artini

doi:10.24843/EEB.2018.v07.i05.p10

kadek ayu silvia yuliaratih Fakultas Ekonomi dan Bisnis Universitas Udayana (UNUD), Bali, Indonesia
Luh Gede Sri Artini Fakultas Ekonomi dan Bisnis Universitas Udayana (UNUD), Bali, Indonesia

DOI: https://doi.org/10.24843/EEB.2018.v07.i05.p10

Abstract

This study aims to prove empirically factors of Gross Domestic Product (GDP), Rupiah exchange rate, SBI interest rate, inflation, Return On Assets (ROA), Net Profit Margin (NPM), Earning Per Share (EPS) and Price Earning Ratio (PER) to stock return on property and real estate company in Indonesia Stock Exchange in 2012-2016. Research sample is determined by purposive sampling method where the researcher has certain criteria or objective to the sample to be researched as many as 26 emitters which included in property and real estate sector in PT Bursa Efek Indonesia The result of this research is as follows: Gross Domestic Product, Net Profit Margin, Earning Per Share and Price Earning Ratio have positive and significant effect to stock return of property and real estate. The rupiah exchange rate and inflation have a negative and significant effect on stock returns of property and real estate. Furthermore, the SBI interest rate and Return On Assets have a positive and significant effect on stock.

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Author Biography

Luh Gede Sri Artini, Fakultas Ekonomi dan Bisnis Universitas Udayana (UNUD), Bali, Indonesia

ABSTRAK

Penelitian ini bertujuan untuk membuktikan secara empiris faktor-faktor Produk Domestik Bruto (PDB), nilai tukar rupiah, tingkat suku bunga SBI, inflasi, Return On Assets (ROA), Net Profit Margin (NPM), Earning Per Share (EPS) dan Price Earning Ratio (PER) terhadap return saham pada perusahaan property dan real estate diBursa Efek Indonesia pada tahun 2012-2016.Sampel penelitian ditentukan dengan metode purposive sampling dimana peneliti memiliki criteria atau tujuan tertentu terhadap sampel yang akan diteliti sebanyak 26 emiten yang termasuk dalam sektor property dan real estatedi PT Bursa Efek Indonesia Hasil penelitian ini adalah sebagai berikut: Produk Domestik Bruto, Net Profit Margin, Earning Per Share dan Price Earning Ratio berpengaruh positif dan signifikan terhadap return saham property dan real estate. Nilai tukar rupiah dan inflasi berpengaruh negatif dan signifikan terhadap return saham property dan real estate. Selanjutnya, tingkat suku bunga SBI dan Return On Assets berpengaruh positif dan signifikan terhadap return saham property.

Kata kunci: Return saham, Produk Domestik Bruto (PDB), nilai tukar rupiah, tingkat suku bunga SBI, inflasi, Return On Assets (ROA), Net Profit Margin (NPM), Earning Per Share (EPS) dan Price Earning Ratio (PER