Reny Nurhalimah, analisis pengaruh market value added, return on equity, price earning ratio dan beta terhadap expected return saham pada sektor industri farmasi di bursa efek Indonesia Periode 2007-2012. Dibawah bimbingan Hj. Evaliati Amaniyah, S.E, M.SM dan Echsan Gani, S.E, M.Si. Saham perusahaan merupakan salah satu dari jenis investasi. Alat untuk mengukur keuntungan dalam berinvestasi dalam bentuk saham diantaranya Market Value Added, Return on Equity, Price Earning Ratio dan Beta. Perusahaan yang memiliki nilai MVA yang positif berarti mampu menciptakan kekayaan pada perusahaan. ROE yang besar dihasilkan perusahaan berarti semakin tinggi tingkat penghasilan yang diperoleh para pemegang saham atau pemilik perusahaan. PER yang tinggi menunjukkan prospek yang baik pada harga saham. Beta yang tinggi menunjukkan tingginya tingkat sensitivitas saham terhadap risiko pasar yang ada. Tujuan dari penelitian ini untuk mengetahui apakah ada pengaruh antara Market Value Added, Return on Equity, Price Earning Ratio Dan Beta secara parsial dan simultan terhadap Expected Return pada perusahaan farmasi yang terdaftar di Bursa Efek Indonesia periode 2007-2012. Teknik pengambilan sampel menggunakan purposive sampling, berdasarkan purposive sampling diperoleh 8 sampel perusahaan farmasi. Pengujian hipotesis dilakukan dengan analisis Regresi Linier Berganda. Hasil analisis menunjukkan Market Value Added, Return on Equity, Price Earning Ratio Dan Beta secara simultan berpengaruh positif tetapi tidak signifikan terhadap Expected Return saham dengan nilai signifikansi sebesar 0,910 dan secara parsial juga berpengaruh tidak signifikan terhadap terhadap Expected Return saham dengan masing-masing nilai variabel Market Value Added sebesar 0.357, Return On Equity sebesar 0.898, Price Earning Ratio sebesar 0.984 dan Beta sebesar 0.700. Kata kunci : Market Value Added (MVA), Return on Equity (ROE), Price Earning Ratio (PER), Beta, Expected Return.


Deskripsi Lain

Reny Nurhalimah, analyzes the effect of market value added, return on equity, price earnings ratio and the beta of the stock expected return on the pharmaceutical industry in the Indonesian stock exchange period 2007-2012. Under the guidance of Hj . Evaliati Amaniyah, S.E., M.SM and Echsan Gani, S.E., M.Sc. Shares of the company is one of the types of investment. Tools to measure gains in investing in shares of which Market Value Added, Return on Equity, Price Earning Ratio and Beta. Companies that have a positive MVA value means the company is able to create wealth. ROE generated large companies means that the higher the level of income derived by the shareholders or owners of the company. High PER indicates good prospects on the stock price. High beta stocks show high levels of sensitivity to market risks that exist. The purpose of this study to determine whether there is influence between the Market Value Added, Return on Equity, Price Earning Ratio and Beta partially and simultaneously to the Expected Return on pharmaceutical companies listed in Indonesia Stock Exchange 2007-2012 period. The sampling technique using purposive sampling, purposive sampling based pharmaceutical company samples obtained 8. Hypothesis testing is performed by multiple linear regression analysis. The analysis revealed Market Value Added, Return on Equity, Price Earning Ratio and Beta simultaneous positive but not significant effect on stock Expected Return with a significance value of 0.910 and partially also no significant effect on the Expected Return on the stock with the value of each variable Market Value Added for 0.357, Return On Equity of 0.898, price earning ratio of 0.984 and 0.700 for the Beta. Keywords :Market Value Added (MVA), Return on Equity (ROE), Price Earning Ratio (PER), Beta, Expected Return

• ANALISIS PENGARUH MARKET VALUE ADDED, RETURN ON EQUITY, PRICE EARNING RATIO DAN BETA TERHADAP EXPECTED RETURN SAHAM PADA SEKTOR INDUSTRI FARMASI DI BURSA EFEK INDONESIA PERIODE 2007-2012