The Company Fundamental Factors and systematic risk in Creasing Stock Price  

Oleh:

Hatta, Atika Jauharia ; Dwiyanto, Bambang Sugeng

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Journal of Economics, Business, & Accountancy: ventura vol. 15 no. 2 (Aug. 2012), page 245-256.
Topik: stock price; company fundamental factors; systematic risk; beta; MWD test
Fulltext: 245 – 256_ros.pdf (214.48KB)

Isi artikel

Some factors in increasing stock price can be interesting when they are scrutinized. What affects the stock price so far has been the pursuit of any business recently. The research is aimed at identifying the effect of company fundamental factors (Earning per Share, Price Earning Ratio, Debt to Equity Ratio, Current Ratio, Net Profit Margin, Dividend Payout Ratio, Return on Asset) to stock price and the extent of Beta (ß) effect as measurement of systematic risk in explaining the variance of prices in Indonesian Stock Exchange. Using regression analysis and McKinnon, White, and Davidson test (MWD test), the result found that the functional relational model is linier-log. According to the result of estimation to stock prices, it is discovered that EPS, PER, and HSM variables have positive and significant effects to stock prices, while DER and NPM variables have negative and significant effects. EPS is the dominant variable with strong relation to stock prices.

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