ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PRICE EARNING RATIO (Studi pada Perusahaan Manufaktur yang Terdaftar di BEI)

ANIS FARIDAH

Abstract


The research titled: ?Analysis of factors influenced Price Earning Ratio Study at Manufacture Companies Listed in Indonesia Stock Exchange?
The research aimed to find out factors influencing Price Earning Ratio (PER) and to find out the most influenced factors to the PER. Factors used in this research were Return on Assets Ratio (ROA), Debt to Equity Ratio (DER), Dividend Payout Ratio (DPR), and Price Book Value (PBV).
In the research, the writer took two hypothesis, those were ROA, DER, DPR, and PBV factors had significant influence to the PER; and DPR factor had dominant factor to PER.
Analytical tool used were multiple regression analysis, determination coefficient (R ), F-test, t-test, and classical assumption test consisted of multi-linearity test, autocorrelation test, and hereroskedaksitas test
The research and analysis found that Fcount> Ftable(14,889>2,45). It means rejecting nil hypothesis (H0) and accepting first hypothesis (H1) wheihc means ROA, DER, DPR, and PBV influenced significantly to PER, an investor used ROA, DER, DPR, and PBV altogether. The variable value to the PER showed by determination coefficient (R ) for 0,439 (43,9%). So 43,9% PER change influenced by ROA, DER, DPR, and PBV, while rest of 56,1% influenced by another factors.
From the research in partial there found that the most influenced factor to the PER was PBV. It showed by tcount for 7,686, with 0,000 significancy. So that the research rejected the second hypothesis stated that DPR factor was the most influenced factor to the PER.
According to above conclusion, there could be said that fundamental aspect was influenced to a stock value. That?s why the company should pay attention to the fundamental aspect, so that the company value could be increased in the eyes of the investors.

 

Keyword : Price Earning Ratio, Return on Assets Ratio, Debt to equity Ratio, Devidend Payout Ratio, dan Price Book Value

Link Terkait : http://skripsi.umm.ac.id/files/disk1/336/jiptummpp-gdl-s1-2009-anisfarida-16773-PENDAHUL-N.pdf


Keywords


Price Earning Ratio; Return on Assets Ratio; Debt to equity Ratio; Devidend Payout Ratio; dan Price Book Value.