ANALISIS PENGARUH INFLASI, NILAI TUKAR, ROA, DER DAN CR TERHADAP RETURN SAHAM (Studi Kasus Saham lndustri Real Estate and Property yang Terdaftar di Bursa Efek Indonesia Periode 2003 - 2006)

Ratna Prihantini

doi:10.14710/jbs.18.2.99-117

DOI: https://doi.org/10.14710/jbs.18.2.99-117

ANALISIS PENGARUH INFLASI, NILAI TUKAR, ROA, DER DAN CR TERHADAP RETURN SAHAM (Studi Kasus Saham lndustri Real Estate and Property yang Terdaftar di Bursa Efek Indonesia Periode 2003 - 2006)

*Ratna Prihantini - Magister Manajemen Universitas Diponegoro, Indonesia

BibTex Citation Data :

@article{JBS14196,
    author = {Ratna Prihantini},
    title = {ANALISIS PENGARUH INFLASI, NILAI TUKAR, ROA, DER DAN CR TERHADAP RETURN SAHAM (Studi Kasus Saham lndustri Real Estate and Property yang Terdaftar di Bursa Efek Indonesia Periode 2003 - 2006)},
    journal = {JURNAL BISNIS STRATEGI},
  volume = {18},
    number = {2},
    year = {2017},
    keywords = {lnflasi, nilai tukar, Return On Asset (ROA), Debt to Equity Ratio  (DER) den Current Rai (CR),  return saham},
    abstract = { 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 permintaan akan 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 menganalisis pengaruh inflasi, nilai tukar, Return On Asset (ROA), Debt to Equity Ratio (DER) dan Current Ratio (CR) terhadap Return Saham industri real estate and property yang listed di Bursa Etek Indonesia periode 2003 - 2006.  Data diperoleh Statistik Ekonomi dan Keuangan yang diterbitkan Bank Indonesia, ICMD (Indonesian Capital Market Directory) dan Jakarta Stock Exchange (JSX) Monthly Statistic dengan periode waktu tahun 2003 hingga 2006. Jumlah populasi penelitian ini adalah 35 perusahaan dan jumlah sampel sebanyak 23 perusahaan dengan melewati tahap purposive sample. Teknik analisa yang akan dipakai dalam penelitian ini adalah regresi linier berganda untuk memperoleh gambaran yang menyeluruh mengenai hubungan antara variabel satu dengan variabel yang lain.  Hasil penelitian menunjukkan bahwa variabel inflasi, nilai tukar dan Debt to Equity Ratio (DER) berpengaruh negatif dan signifikan terhadap Return Saham. Sedangkan Return on Asset (ROA) dan Current Ratio (CR) berpengaruh positif dan signifikan terhadap Return Saham pada industri real estate and property. Hasil penelitian ini diharapkan bahwa variasi inflasi, nilai tukar, Return On Asset (ROA), Debt to Equity Ratio (DER) dan Current Rat (CR) dapat dijadikan pedoman, baik oleh pihak manajemen perusahaan dalam pengelolaan perusahaan, maupun oleh para investor dalam menentukan strategi investasi. },
   issn = {2580-1171},   pages = {99--117}  doi = {10.14710/jbs.18.2.99-117},
    url = {https://ejournal.undip.ac.id/index.php/jbs/article/view/14196}
}

Citation Format:

Abstract

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 permintaan akan 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 menganalisis pengaruh inflasi, nilai tukar, Return On Asset (ROA), Debt to Equity Ratio (DER) dan Current Ratio (CR) terhadap Return Saham industri real estate and property yang listed di Bursa Etek Indonesia periode 2003 - 2006.

Data diperoleh Statistik Ekonomi dan Keuangan yang diterbitkan Bank Indonesia, ICMD (Indonesian Capital Market Directory) dan Jakarta Stock Exchange (JSX) Monthly Statistic dengan periode waktu tahun 2003 hingga 2006. Jumlah populasi penelitian ini adalah 35 perusahaan dan jumlah sampel sebanyak 23 perusahaan dengan melewati tahap purposive sample. Teknik analisa yang akan dipakai dalam penelitian ini adalah regresi linier berganda untuk memperoleh gambaran yang menyeluruh mengenai hubungan antara variabel satu dengan variabel yang lain.

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

Fulltext View|Download

Keywords: lnflasi, nilai tukar, Return On Asset (ROA), Debt to Equity Ratio (DER) den Current Rai (CR), return saham

Article Metrics:

Article Info

Section: Articles

Language : ID

In Vol 18, No 2 (2009): Desember

Recent articles

ANALISIS PENGARUH DEBT TO EQUITY RATIO (DER), RETURN ON ASSET (ROA), UKURAN PERUSAHAAN, INFLASI DAN NILAI TUKAR TERHADAP RETURN SAHAM (Studi Kasus Pada Perusahaan Lembaga Keuangan Bank Dan Lembaga Non Bank yang Listed di Bursa Efek Indonesia Periode 2004 - 2007) ANALISIS PENERAPAN STRATEGI KEMITRAAN TERHADAP KINERJA PERUSAHAAN BIRO TEKNIK LISTRIK (Studi Empiris pada Hubungan PT. PLN (Persero) Distribusi Jateng-DIY Area Pelayanan dan Jaringan Semarang dengan Perusahaan Biro Teknik Listrik (BTL) Di Wilayah Kerja APJ Semarang) ANALISIS PENGARUH ROE, DER, PBV, EPS DAN RISIKO SISTEMATIK TERHADAP RETURN SAHAM (Studi pada Perusahaan Property dan Real Estate yang Listed di Bursa Efek Indonesia Periode 2003 s.d 2007) More recent articles

Most cited articles

EXPORTING PROBLEMS OF MALAYSIAN SMES : A RECENT SURVEY CORPORATE GOVERNANCE: STATE OF THE ART DETERMINANTS OF SALES PERSON PERFORMANCE PENGARUH MOTIVASI KERJA, KOMUNIKASI ANTAR PRIBADI DAN KOMITMEN ORGANISASI TERHADAP KINERJA PEJABAT STRUKTURAL DAN DOSEN TETAP DI BEBERAPA PERGURUAN TINGGI SWASTA DI JAKARTA Dampak Pelepasan Batas Kepemilikan Asing terhadap Terintegrasinya Bursa Efek Jakarta dengan Bursa Efek Internasional (Studi Literatur) More cited articles

Last update:

No citation recorded.

Last update: 2025-04-23 20:19:12

No citation recorded.

Author(s) Rights

In order for Diponegoro International Journal of Business (DIJB) to publish and disseminate research articles, we need publishing rights (transferred from author(s) to publisher). This is determined by a publishing agreement between the author(s) and DIJB. This agreement deals with the transfer or license of the copyright of publishing to DIJB, while authors still retain significant rights to use and share their own published articles. DIJB supports the need for authors to share, disseminate and maximize the impact of their research and these rights, in any databases.

As an author, you have rights to a large range of uses of your article, including use by your employing institute or company. These Author rights can be exercised without the need to obtain specific permission. Authors publishing in DIJB has wide rights to use their works for teaching and scholarly purposes without needing to seek permission, including:

use for classroom teaching by Author or Author's institution and presentation at a meeting or conference and distributing copies to attendees;
use for internal training by the author's company;
distribution to colleagues for their research use;
use in a subsequent compilation of the author's works;
inclusion in a thesis or dissertation;
reuse of portions or extracts from the article in other works (with full acknowledgement of final article);
preparation of derivative works (other than commercial purposes) (with full acknowledgement of final article);
voluntary posting on open web sites operated by author or author’s institution for scholarly purposes,
(but it should follow the open-access license of Creative Common CC-by-SA License).

Authors/readers/third parties can copy and redistribute the material in any medium or format, as well as remix, transform, and build upon the material for any purpose, even commercially, but they must give appropriate credit (the name of the creator and attribution parties (authors detail information), a copyright notice, an open-access license notice, a disclaimer notice, and a link to the material) and provide a link to the license.

Authors/readers/third parties can read, print and download, redistribute or republish the article (e.g. display in a repository), translate the article, download for text and data mining purposes, re-use portions or extracts from the article in other works, sell or re-use for commercial purposes, remix, transform, or build upon the material, they must distribute their contributions under the same license as the original Creative Commons Attribution-ShareAlike (CC BY-SA).

The authors submitting a manuscript do so on the understanding that if accepted for publication, the copyright for publishing (publishing right) of the article shall be assigned/transferred to the Department of Management, Faculty of Economics and Business, Universitas Diponegoro as the publisher of DIJB.

Upon acceptance of an article, authors will be asked to complete a 'Copyright Transfer Agreement for Publishing (CTAP)'. An e-mail will be sent to the Corresponding Author confirming receipt of the manuscript together with a CTAP form by the online version of this agreement.

DIJB, the publisher, and the editorial board make every effort to ensure that no wrong or misleading data, opinions or statements be published in the journal. In any way, the contents of the articles and advertisements published in DIJB are sole and exclusive responsibility of their respective authors and advertisers.

Remember, even though we ask for a transfer of copyright for publishing (CTAP), our journal Author(s) retain (or are granted back) significant scholarly rights as mentioned before.

The Copyright Transfer Agreement for Publishing (CTAP) Form can be downloaded here