DETERMINASI FAKTOR YANG MEMPENGARUHI BETA SAHAM DENGAN DER SEBAGAI VARIABEL MODERASI

Jurnal Wahana Akuntansi

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Title DETERMINASI FAKTOR YANG MEMPENGARUHI BETA SAHAM DENGAN DER SEBAGAI VARIABEL MODERASI
DETERMINASI FAKTOR YANG MEMPENGARUHI BETA SAHAM DENGAN DER SEBAGAI VARIABEL MODERATING 
 
Creator Syamsul Bachri, Khamidatuzzuhriyah
 
Subject beta stock
debt to equity ratio
liquidity
asset growth
firm size
return on asset
 
Description The purpose of this study was to analyze about the effect of liquidity, asset growth, firm size, and return on assets on beta stock with a debt to equity ratio as a moderating variable. The population of this study was non-financial companies in the LQ-45 indexon the Indonesia Stock Exchange (BEI) in period 2014-2018 was 69 companies. Based on the purposive sampling method, the samples that included in the study criteria were 22 companies (110 units of analysis with 5 years). Data analysis methods using moderation regression analysis (MRA) with IBM SPSS 21 analysis software.The results of this study showed that liquidity and return on assets have a positiveeffect but not significant on beta stock, firm size has a negative effect but not significant on beta stock. However, asset growth showed a positive effect and significant on beta stock. In addition, the debt to equity ratio was able to moderate the effect of asset growth and firm size on beta stock. However, the debt to equity ratio was not able to moderate the effect of liquidity and return on assets on beta stock.
 
Penelitian ini bertujuan untuk menguji pengaruh likuiditas, asset growth, firm size, dan return on asset terhadap beta saham dengan debt to equity ratio sebagai variabel moderating. Populasi penelitian ini adalah perusahaan non-keuangan dalam indeks LQ-45 yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2014-2018 sebanyak 69 perusahaan. Melalui teknik purposive sampling diperoleh sampel sebanyak 22 perusahaan (110 unit analisis dengan 5 tahun pengamatan). Teknik analisis data menggunakan metode analisis regresi moderasi (MRA) dengan alat analisis software IBM SPSS 21. Hasil penelitian menunjukkan likuiditas dan return on asset berpengaruh positif tetapi tidak signifikan terhadap beta saham, firm size berpengaruh negatif tetapi tidak signifikan terhadap beta saham. Namun, asset growth menunjukkan pengaruh positif dan signifikan terhadap beta saham. Selain itu, debt to equity ratio mampu memoderasi pengaruh asset growth dan firm size terhadap beta saham. Namun, debt to equity ratio tidak mampu memoderasi pengaruh likuiditas dan return on asset  terhadap beta saham.
 
 
Publisher Fakultas Ekonomi, Universitas Negeri Jakarta
 
Date 2020-07-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journal.unj.ac.id/unj/index.php/wahana-akuntansi/article/view/13594
10.21009/wahana.15.011
 
Source Jurnal Ilmiah Wahana Akuntansi; Vol 15 No 1 (2020): Jurnal Ilmiah Wahana Akuntansi; 1-14
2302-1810
 
Language eng
 
Relation http://journal.unj.ac.id/unj/index.php/wahana-akuntansi/article/view/13594/8839
 
Rights Copyright (c) 2020 Khamidatuzzuhriyah
 

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