Pengaruh Leverage, Eficiency dan Ekspektasi Pertumbuhan Laba pada Market-beta  

Oleh:

Ningrum, Vanda ; Ekaputra, Irwan Adi

Jenis: Article from Journal - ilmiah nasional - tidak terakreditasi DIKTI
Dalam koleksi: Manajemen Usahawan Indonesia vol. XXXVI no. 09 (Sep. 2007), page 11-16.
Topik: Jakarta Stock Exchange; Market beta; Operating Leverage; JEL Classification: G12; G31; G32

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: MM15.29 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This paper empirically investigates the determinants of stocks' market-beta. Based on previous research and our predictions, we develop a pooled regression model to test the impact of operating leverage, financial leverage, firm efficiency, and firm expected growth on market-beta. The sample consists of stocks consistently included in the LQ45 index for yhe period f 2000-2004. The results indicate that operating leverage and expected growth both show significant positive impact on market-beta. Firm efficiency shows significant negative effect on market-beta, while financial leverage does not show any significant impact on market-beta.

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