PERBEDAAN RETURN ON INVESTMENT (ROI) DENGAN PENDEKATAN INVESTMENT OPPORTUNITY SETS (IOS) PADA PERUSAHAAN MANUFAKTUR YANG LISTING DI BEJ

Anik Susiani

Abstract


This research represent research of empirically at Effect Exchange of Jakarta with title ?Perbedaan Return On Investment (ROI) dengan Pendekatan IOS (Investment Opportunity Sets). The aim of this research was to find difference of ROI from growth firms and non growth firms. Researcher extended research of Prasetyo (2000) and Subekti and Kusuma (2000). The extend is object of the research, it is ROI.
There are seven variables, used as firms growth dan firms non growth. It is such as: Capital expenditure to market value of assets (CAPBVA), Price Earnings Ratio (PER), Market to book of equity (MVEBVE), Market value of assets to book value of assets (MVABVA), Capital addition to assets book value (CAPMVA), Value to book of property, plant and equipment (VPPE) dan Current assets to net sales (CAONS).These variabel are analized by common factor analysis. Based on the result of factor analysis , 30 % growth firms and 30% non growth firms from 60 manufactured firms at Jakarta Stock Exchange Independent t-test was employed to examine the diffrence of ROI growth firms and non growth firms.
The empirical results show that the variables can be indicators is CPBVA, MVABVA, CAPMVA, and VPPE. In difference of ROI, growth firms and non growth firms have different than non growth firms.It is show with ROI of non growth firms have
a lower ROI than growth firms.

 

Keyword : IOS, Perusahaan Tumbuh dan Tidak Tumbuh, ROI. IOS, Growth and non growth, ROI

 

Link Terkait : http://skripsi.umm.ac.id/files/disk1/232/jiptummpp-gdl-s1-2007-aniksusian-11574-Pendahul-n.pdf


Keywords


IOS; Perusahaan Tumbuh dan Tidak Tumbuh; ROI. IOS; Growth and non growth; ROI