ANALISIS PENGARUH PRINCE EARNING RATIO (PER), DEBT TO EQUITY RATIO (DER), DAN OPERATING PROFIT MARGIN (OPM) TERHADAP RETURN SAHAM PADA PERUSAHAAN AUTOMOTIVE YANG LISTING DI BEI (PRIODE TAHUN 2006-2010)

Abstract

This study aimed to analyze the effects caused by variable PER, DER and OPM to Stock Return investors expected when the rapid development of the automotive business in Indonesia. This study used purposive sampling then selected 12 companies in the sample of 22 automotive companies listed on the Stock Exchange covering period 2006-2010. The method of analysis used in this research is descriptive quantitative analysis of partial and simultaneous. Besides the classical assumption test done which includes normality test, multicollinearity, heteroscedasticity test and autocorrelation test. From the results of testing that has been done, the simultaneous regression test (F test) showed that all the variables studied had a significant effect on stock returns. Partial regression test (Test T) shows only variable PER and DER significant effect on stock returns, whereas variable OPM has a negative outcome. The magnitude of the effect caused by (R2) by three variables together to share return of 31.3% while the remaining 68.7% is influenced by other variables not examined in this study.