PENGARUH FAKTOR FUNDAMENTAL DAN RISIKO SAHAM TERHADAP HARGA SAHAM DI BURSA EFEK INDONESIA (BEI)

Abstract

This research aims to prove empirically the influence of fundamental factors (NPM, EPS,
ROA, ROE, DPR, DER, PBV) and total risk of stock of either through parsial and also simultan to
stock price at manufacturing business which go public in Indonesia Stock Exchange. Technique of
Intake sampel use the method of purposive sampling, is so that obtained by sampel as much 10
manufacturing business enlisted in BEI period 2006-2009. Hypothesis test done by using linear
analysis regresi model and multiple linear regresi. Result of this research indicate that by parsial is
NPM (net profit margin), EPS (earning per share), ROA (return on asset), and PBV (price to book
value) having an effect on signifikan to stock price, while ROE (return on equity), DPR (dividend
payout ratio), DER (debt to equity ratio), and total risk of company stock do not have an effect on the
signifikan to stock price. But by simultan is fundamental factor (NPM, EPS, ROA, ROE, DPR, DER,
PBV) and total risk of stock have an effect on the signifikan to stock price at manufacturing business
which go public in Indonesia Stock Exchange (BEI). Result of test by parsial indicate that do not all
independent variable have an effect on to stock price, meaning that stock price do not mirror all
existing information, this matter because of capital market in Indonesia still the in form of weak go to
strong semi, and also stock price also can be influenced by factors of outside this research like
technical factor and or economic factor. By parsial result of this research is consistent with the
research of Krisantini Putri (2008), while by simultan result of this research is consistent with the
previous research done by Anastasia et al. (2003).