jurnal untuk april2016

ANALISIS KEBIJAKAN DIVIDEN, KEBIJAKAN HUTANG DAN RASIO PROFITABILITAS TERHADAP HARGA SAHAM  KATAGORI  KOMPAS 100 TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2008-2013

WAHYU YULIANTO WIBOWO

SEKOLAH TINGGI ILMU EKONOMI PUTRA PERDANA INDONESIA

Purpose Of This research is to know influence variable dividen policy, debt policy  and  profitability, to the price of share.

Analysis utilized in this research applies doubled linear regression analysis to measure how big dividen policy, debt policy  and profitability ( operating profit margin, return on assets, return on equity), can explain variable dependen the price of share. Hypothesis test done with F test and test T to test independent variable influence in simultan and parsial.

Coefficient Of Determination value / determinant coefficient ( R²) to value return share 0,572 ( or equal to 57,2%). Result of research of an in simultan to show that there is ratio influence dividen policy, debt policy, and profitability ratio (operating profit margin, return on assets, return on equity), to the price of share where F value signifikansi 0,000 smaller than at level of significant 5% (µ= 0,05). Test result parsially to show that independent variable of dividen policy, debt policy, Operating profit margin, return on assets, return on equity  has influence to variable dependen the price of share.

Result of this research expected has contribution for the side of regulator in the case of image of about implementation the price of share, at public company in Indonesia along with factors influencing it. Result of this research expected also able to become input to the side of regulator to do implementation the price of share at companys in Indonesia.

Keywords: stock price, dividen policy, operating profit margin, return on assets, return on equity.