Faktor Penentu Return Saham Dengan Price to Book Value Sebagai Variabel Moderasi di Bursa Efek Indonesia

Kurniawati, Sri Lestari and Sari, Linda Purnama and Dewi, Nurul Hasanah Uswati (2012) Faktor Penentu Return Saham Dengan Price to Book Value Sebagai Variabel Moderasi di Bursa Efek Indonesia. University of Merdeka Malang, Jurnal Keuangan dan Perbankan.

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Abstract

The purpose of this study was to exemine the effect of the company’s financial performance variables consisting of earning growth ratio, dividend payout ratio and size, the variable return equity price to book value as a moderating variable. The samples in this study were all companies listed on the Indonesia Stock Exchange from 2005 to 2010 by using purposive sampling with criteria that the company had a positive book value of equity during the study period. The company splitted the cash dividend and the company did not do corporate actions such as stock splits, reverse stock, stock dividend. The data used in this study were all companies listed on the Indonesia Stock Exchange from 2005 to 2010 (except for companies engaged in finance and banking) by using multiple linear regression to test the interaction or Multiple Regresion Analysis (MRA). The study found that the price to book value was not able to significantly moderate the effect of earning growth ratio, dividend payout ratio and size toward the stock return variable for the interaction test results showed the significant value was greater than interaction of alpha as 5%. Key words: earning growth ratio, dividend payout ratio, size, stock return, price to book value

Item Type: Other
Subjects: 600 - TECHNOLOGY > 650 - 659 MANAGEMENT & PUBLIC RELATIONS > 657 - ACCOUNTING
Divisions: Lecturer
Depositing User: Perpustakaan Universitas Hayam Wuruk Perbanas
Date Deposited: 19 Oct 2022 04:48
Last Modified: 25 Oct 2022 08:06
URI: http://eprints.perbanas.ac.id/id/eprint/4710

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