BibTex Citation Data :
@article{JBS14503, author = {Pancawat Hardiningsih and L. Suryanto and Ania Chariri}, title = {PENGARUH FAKTOR FUNDAMENTAL DAN RISIKO EKONOMI TERHADAP RETURN SAHAM PADA PERUSAHAAN DI BURSA EFEK JAKARTA : Studi Kasus Basic Industry & Chemical}, journal = {JURNAL BISNIS STRATEGI}, volume = {8}, number = {6}, year = {2017}, keywords = {ROA, PBV, inflation, foreign exchange rate, return.}, abstract = { The current research is aimed at analyzing the effect of fundamental factors and economic risk on stock return for industrial and chemical companies listed in the Jakarta Stock Exchanges. Samples used in this research consisted on 30 companies which are observed quarterly from the period of the third quarter 1993 to the third quarter 2000. Data was analyzed by using multiple regression to test the effect of independent variables on dependent variables. F-test and t-test was employed to test the hypotesis with 5% level of significant. The result of investigation showed that fundamental factors and economic risks significantly influenced the stock return. Fundamental factors which were measured by financial ratios, especially return on Assets (ROA) and Price to Book Value (PBV), had a positive effect on stock prices or return. This is because of the fact that the higher these two ratios the better the company's performance end the higher the return. In addition, ROA showed a dominant effect on stock return (this shown by beta standard of 1268). Economic risks which risks which were measured by exchanges rate had negative impact on the return. However, inflation as another proxy of economic risk showed positive influence on stock return. Lastly, the evidence showed that the prediction power of regression model was 42,4%. }, issn = {2580-1171}, pages = {83--98} doi = {10.14710/jbs.8.6.83-98}, url = {https://ejournal.undip.ac.id/index.php/jbs/article/view/14503} }
Refworks Citation Data :
The current research is aimed at analyzing the effect of fundamental factors and economic risk on stock return for industrial and chemical companies listed in the Jakarta Stock Exchanges. Samples used in this research consisted on 30 companies which are observed quarterly from the period of the third quarter 1993 to the third quarter 2000. Data was analyzed by using multiple regression to test the effect of independent variables on dependent variables. F-test and t-test was employed to test the hypotesis with 5% level of significant.
The result of investigation showed that fundamental factors and economic risks significantly influenced the stock return. Fundamental factors which were measured by financial ratios, especially return on Assets (ROA) and Price to Book Value (PBV), had a positive effect on stock prices or return. This is because of the fact that the higher these two ratios the better the company's performance end the higher the return. In addition, ROA showed a dominant effect on stock return (this shown by beta standard of 1268). Economic risks which risks which were measured by exchanges rate had negative impact on the return. However, inflation as another proxy of economic risk showed positive influence on stock return. Lastly, the evidence showed that the prediction power of regression model was 42,4%.
Article Metrics:
Last update:
Last update: 2025-04-21 17:07:18
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).
Copyright Transfer Agreement for Publishing (Publishing Right)
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
View statistics This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.