Pengaruh ROI, EVA dan Likuiditas Saham terhadap Return Saham pada Sektor Keuangan yang Go Public

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh (1) return on investment, economic value added dan likuiditas saham secara simultan terhadap return saham, (2) return on investment secara parsial terhadap return saham, (3) economic value added secara parsial terhadap return saham, dan (4) likuiditas saham secara parsial terhadap return saham. Penelitian ini dilaksanakan di Bursa Efek Indonesia dengan menggunakan desain kuantitatif kausal. Jenis data yang digunakan adalah data kuantitatif. Subjek penelitian adalah sektor keungan dan objeknya adalah return on investment, economic value added, likuiditas saham dan return saham. Data yang diperlukan dalam penelitian ini adalah data kuantitatif yang dikumpulkan melalui pencatatan dokumen dari tahun 2009-2013. Teknik analisis yang digunakan adalah analisis regresi berganda. Hasil penelitian menunjukkan bahwa (1) secara simultan ada pengaruh positif dan signifikan return on investment, economic value added dan likuiditas saham terhadap return saham, (2) secara parsial tidak ada pengaruh yang signifikan return on investment terhadap return saham, (3) secara parsial tidak ada pengaruh yang signifikan economic value added terhadap return saham, dan (4) secara parsial ada pengaruh positif dan signifikan likuiditas saham terhadap return saham.
Kata Kunci : return on investment, economic value added, likuiditas saham, return saham

This study aims to determine the effect of (1) the return on investment, economic value added and stock liquidity on stock returns simultaneously, (2) a partial return on investment on stock returns, (3) economic value added partially on stock returns, and (4) partial stock liquidity on stock returns. The research was conducted at the Indonesian Stock Exchange by using quantitative causal design. The type of data used is quantitative data. Subjects were the financial sector and its object is the return on investment, economic value added, stock liquidity and stock return. The data required in this study is the quantitative data collected through the registration of documents from the years 2009 to 2013. The analysis technique used is multiple regression analysis. The results showed that (1) there is simultaneously a positive and significant effect of the return on investment, economic value added and stock liquidity on stock returns, (2) partially no significant impact on investment return on stock returns, (3) partially no significant effect on the economic value added stock returns, and (4) there is a partial positive and significant effect of stock liquidity on stock returns.
keyword : return on investment, economic value added, liquidity shares, stock return