FAKTOR-FAKTOR YANG MEMPENGARUHI IMBAL HASIL SAHAM (RETURN ON SHARES) PADA PERUSAHAAN LQ 45

Abstract

The goal of companies establishment is to maximize the stockholders’ prosperity. A
company that has a good performance can reach its better goal than that of a bad company. A
company’s performance is generally assessed by financial performance through a process called
ratio analysis. The existence of a difference result of research whether company performance
analysis or external factors of a company that influences more toward ROS has made the researcher
interested to do this research. Thus, the goal of this research is to find out some factors influencing
ROS of companies listed at LQ 45 using Earning per Share (EPS), Return on Equity (ROE), and
Return on Equity (ROE), and Return on Assets (ROA), Index Dow Jones (IDJ) and Index Nikkei
(INK) toward Return on Shares (ROS) in Indonesia from 2004 to 2008.
The analyzed variables are Earning Per Shares (EPS) aimed to measure the income of
every single stock floating on market. ROE is to measure the level of investment return of regular
stockholders, ROA is to measure the active availability in resulting net profit. IDJ is one of stock
exchanges that operated in New York USA, INK is one of stock exchanges that operated in Tokyo
Japan, and ROS is the measure the level of investment return of stockholders in certain period. The
object of this research is LQ 45 companies existed from 2004 to 2008 an published their financial
report. The research design is causal design because the researcher analyzes the influence of a
variable toward other variables. While the model is double linear regression.
The data analysis resulted that partially EPS, ROA, ROE, DOW and INK influenced ROS,
while simultaneously EPS, ROE, ROA, DOW and INK influenced ROS. Besides, there is a model
that can explain these variables toward ROS. It is recommended that investor candidates consider
the financial performance factors and company external factors before deciding whether to invest
their capital in Indonesian Stock Exchange Companies.