CD Tesis

Faktor – Faktor Yang Mempengaruhi Return Saham Sektor Property Dan Real Estate

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Property and real estate sector is a sector that has received positive
sentiment from the government with the issuance of PMK no. 21/2021, so that
research in this sector is interesting to do because it certainly attracts the
attention of investors. Stock returns can be optimized by analyzing fundamental
factors both macro and micro, as well as analyzing technical factors. There are
many empirical studies and theories that relate these things. Among them, the
signaling theory states that the news issued by the company will give a reaction to
the signal recipients, which will ultimately affect stock movements and stock
returns. Theory of purchasing power parity which links purchasing power with
macroeconomic conditions, including the influence of currency exchange rates.
Dow theory considers technical analysis in price movements.
The effect of currency exchange rates as a macroeconomic fundamental
factor, where the sensitivity of exchange rate changes will be used as a
benchmark for assessing variables. Then the researcher also analyzes the
influence of the company's financial ratios such as the leverage ratio represented
by the Debt to Equity Ratio, the profitability ratio represented by the Return on
Equity, the liquidity ratio represented by the Curent Ratio, as well as the firm
value calculated by the Tobins Q value. There are also variables technical in the
form of stock price trends, which will be examined its effect on stock returns.
The results stated that the rupiah exchange rate had a positive significant
effect on stock returns, which means that when rupiah depreciated, stock returns
increased. Debt to Equity Ratio has an insignificant negative effect on stock
returns, which means that when DER is small, stock returns increase. This is in
accordance with the trade off theory which states that there is a risk of bankruptcy
when the company has too much debt. Return on Equity Ratio has a positive and
significant effect on stock returns, which means that when ROE increases, stock
returns also increase. This is in accordance with signaling theory which shows
that companies that can provide profits will benefit investors. Current Ratio has
no significant negative effect on stock returns. The value of Tobins q has no
significant positive effect on stock returns. And stock price trends have a positive
and significant effect on stock returns, according to Dow theory.
For further research, it is expected to include other variables or use more
complex technical analysis calculations.
Key words: Stock returns, property and real estate, stock prices, fundamentals,
technical

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

10 03. 222 (0011)

Penerbit

Pekanbaru : Universitas Riau – Pascasarjana – Tesis Manajemen., 2022

Deskripsi Fisik

xiv, 140 hlm.: ill.: 29 cm

Bahasa

Indonesia

ISBN/ISSN

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Klasifikasi

10 03. 222 (0011)

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

MANAJEMEN

Info Detail Spesifik

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Pernyataan Tanggungjawab

FATAH

Versi lain/terkait

Lampiran Berkas

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