Return Saham Dan Faktor Fundamental Pada Pra Krisis Ekonomi Global 2008 Di Bursa Efek Indonesia

Authors

  • Mohamad Febriawan Program Magister Manajemen Sekolah Pascasarjana Universitas YARSI
  • Perdana Wahyu Sentosa Program Magister Manajemen Sekolah Pascasarjana Universitas YARSI

https://doi.org/10.33476/jeba.v2i2.484

Abstract

This study aimed to analyze the influence of liquidity (Current Ratio), Leverage (Debt to Equity Ratio), Profitability (Net Profit Margin), and Return on Equity (ROE) on the Stock’s Return during pre-crisis of global economy 2008 (subprime mortgage). This study used financial data of emitens which listed at LQ-45 at Indonesia Stock Exchange. The analytical method is pooled cross section (panel) with a significant level of 5%. This study finds that the period of pre-crisis 2008 shows that liquidity, leverage, and profitability have positively effect on stock’s return. In general this study concludes some financial information misleading and conflict of interest that related to exessive risk taking by investors in investment decision without corporate finance and risk policy’s consideration such as liquidity, solvency and asset prices forming in the Indonesia Stock Exchange before september 2008.

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Published

2018-01-24

Issue

Vol. 2 No. 2 (2017): JULI - DESEMBER 2017

Section

Articles

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