%A 1011031108 Pungki Hartandi
%T ANALISIS PENGARUH FAKTOR EKSTERNAL DAN INTERNAL PERUSAHAAN TERHADAP RETURN SAHAM
%X 

ABSTRAK
ANALISIS PENGARUH FAKTOR EKSTERNAL DAN INTERNAL PERUSAHAAN TERHADAP RETURN SAHAM

Oleh
PUNGKI HARTANDI

Kehadiran pasar modal di Indonesia ditandai dengan banyaknya investor yang mulai menanamkan sahamnya dalam industri real estate and property. Semakin pesatnya perkembangan sektor property ini diikuti dengan semakin tingginya perintaan kebutuhan papan, sehingga membuat para investor property membutuhkan dana dari sumber eksternal. Dana dari sumber eksternal dapat diperoleh melalui pasar modal. Penelitian ini bertujuan untuk menyediakan bukti empiris pengaruh nilai tukar, inflasi, Return on Asset (ROA) dan Debt to Equity Ratio (DER) terhadap return saham industri real estate and property yang listed di Bursa Efek Indonesia periode 2009-2012.
Data diperoleh di Statistik Ekonomi dan Keuangan yang diterbitkan Bank Indonesia, Indonesian Capital Market Directory (ICMD) dan IDX dengan periode waktu tahun 2009 hingga 2012. Jumlah populasi penelitian ini adalah 41 perusahaan dan jumlah sampel sebanyak 30 perusahaan dengan melewati tahap purposive sample. Teknik analisis data yang digunakan dalam penelitian ini adalah regresi linear berganda untuk memperoleh gambaran yang menyeluruh mengenai hubungan variabel satu dengan variabel yang lain.

Hasil penelitian menunjukkan bahwa variabel nilai tukar, inflasi dan Debt to Equity ratio(DER) berpengaruh negatif dan signifikan terhadap return saham. Sedangkan Return on Asset (ROA) berpengaruh positif dan signifikan terhadap return saham pada industri real estate and property. Hasil penelitian ini diharapkan bahwa variabel nilai tukar, inflasi, Return on Asset(ROA) dan Debt to Equity Ratio (DER) dapat dijadikan pedoman oleh pihak managemen perusahaan dalam pengelolaan perusahaan, maupun oleh para investor dalam menentukan strategi investasi.

Kata kunci : 	Nilai tukar, Inflasi, Return on Asset (ROA), Debt to Equity Ratio (DER) dan Return Saham.




ABSTRACT
THE ANALISYS OF EFFECT OF FIRM EXTERNAL AND INTERNAL FACTORS TO THE STOCK RETURN
by
PUNGKI HARTANDI

Capital market existence in indonesian is marked with to the number of investor that start inculcate its share in industry real estate and property. Growing fast its sector growth this property is followed with growing request height of board need, until make investors property requeres fund from external source. Fund was from external source can be obtained pass by capital market. The objectives of this research to analyze the influence of inflation, exchange rate, Return on Asset (ROA) and Debt to Equity Ratio (DER) to stock return of real estate and property industry that listed on Indonesian Stock Exchange in the periode of 2009-2012.
This research using data from statistical Economics and Finance that published from Indonesian Banking, ICMD (Indonesian Capital Market Directory) and IDX in the period of 2009-2012. The number of population for this research is 41 companies and the number of sample that examined after passed the purposive sampling thase is 30 companies. Analyze technique to use in this research is multiple linear regression to obtain picture which totally regarding relationship between one variable with other variable.
The result of this research shows inflation, exchange rate and Debt to Equity Ratio (DER) variables has a negative and significant influence to stock return, in other hand Return on Asset (ROA) has a positive and significant influence to stock return on real estate and property industry. This result is expected that inflation, exchange rate, Return on Asset (ROA) and Debt to Equity Ratio (DER) variable can be made reference, either by company management and also by investors in determining investment strategy.  
Keyword:  Exchange Rate, Inflation, Return on Asset (ROA), Debt to Equity Ratio (DER) dan Stock Return.


%C Universitas Lampung
%D 2014
%I Fakultas Ekonomi dan Bisnis
%L eprints3864