Jurnal Manajemen
Vol 1 No 1 (2011)

PENGARUH ECONOMIC VALUE ADDED, DEGREE OF OPERATING LEVERAGE, DEGREE OF FINANCIAL LEVERAGE, DEGREE OF COMBINED LEVERAGE, RETURN ON EQUITY, DAN RETURN ON ASSETS TERHADAP RETURN SAHAM LQ 45 TAHUN 2005, 2006, 2007, DAN 2009.

Akromul Ibad, MM (Institut Bisnis dan Informatika Kwik Kian Gie)
paulus SE (Institut Bisnis dan Informatika Kwik Kian Gie)

Article Info

Publish Date
28 Nov 2011

Abstract

The purpose of this study isto examine the influence of the economic value added (EVA), degree of operating leverage (DOL), degree of financial leverage (DFL), degree of combined leverage (DCL), return on equity (ROE), and return on assets (ROA) toward the stock return included in LQ45 on the Indonesia Stock Exchange. Every company has a permanent burden in terms of both operational and financial leverages, so it has a risk due to fixed expenses. It is hypothetically predicted that the leverage and financial performance would affect the stock return. By implementing purposive sampling method, sample of this study consist of 18 listed companies for the period of 2005, 2006, 2007, and 2009. Data analysis of this study employs multiple linear regression and classic assumption test. This study concludes that there are enough evidence that ROE and ROA influence stock retrun but EVA, DOL, DFL, and DCL do not have any sufficient evidence to influence stock return.  Keywords: economic value added, operating leverage, financial leverage, combined leverage, return on equity, return on assets, stock return.

Copyrights © 2011




Citation Download
RIS
EndNote, Reference Manager, ProCite
BibTex
Latex, Jabref
Original Source
Download Original
Google Scholar
Check in Google Scholar
Journal Info
Jurnal Manajemen
Website

Abbrev

JM

Publisher

INSTITUT BISNIS DAN INFORMATIKA KWIK KIAN GIE

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Jurnal Manajemen mempunyai misi untuk mendorong pengembangan praktik dan teori manajemen di Indonesia melalui penyebarluasan temuan-temuan hasil riset dibidang sains dan kasus manajemen, terdiri dari bidang sumber daya manusia, pemasaran, strategik, keuangan, dan ...