THE INFLUENCE OF STOCK RETURN, INFLATION, AND OWNERSHIP STRUCTURE TO THE INVESTMENT RISK (The studied on manufacture industry which listed at Indonesian Stock Market 2003-2009 Period)

Widyatama Repository

THE INFLUENCE OF STOCK RETURN, INFLATION, AND OWNERSHIP STRUCTURE TO THE INVESTMENT RISK (The studied on manufacture industry which listed at Indonesian Stock Market 2003-2009 Period)

Show full item record

Title: THE INFLUENCE OF STOCK RETURN, INFLATION, AND OWNERSHIP STRUCTURE TO THE INVESTMENT RISK (The studied on manufacture industry which listed at Indonesian Stock Market 2003-2009 Period)
Author: Komariah, Siti
Abstract: Economic development in Indonesia is currently facing the risk increases even during the global financial crisis. The global financial crisis affects the economy of a country including Indonesia. The economic crisis in Indonesia have an impact on the declining performance of the company's fundamentals on the stock market. This degradation caused by a failure in risk management, especially the unsistematic risk. Many companies can’t manage they debt policy, investment decisions, earnings management, liquidity and ownership structure that has implications for the risk. The objective of this research is to investigate the effect of stock return, inflation and ownersip stucture to investment risk of Manufacturer Industries in 2003-2009. This research used fourmultiple regression model, and the models are: 1st model to investigate effect of the stock return factors to stock return ; 2nd model used to investigate effect of the inflation factors to the inflation ; 3rd model used to investigate effect of the ownership structure factors to the ownership structure ; 4th model used to investigate effect of the stock return factor, inflation as the regional monetary factor, and ownership structure factors to investment risk. Population of this research is manufacturing companies listed in BEI. The sampling method used in this research is purposive sampling and the results are 126 companies according to the criteria of the sample. Pooling data method and judgment sampling is used to collect the data and two stage least squares (2 SLS) as the analysis method. Base on the hypothesis test it can be summarized that all predictor have significant effect simultaneously. Result of the 1st Model, Only Investment and Profitability Effect to stock return partially ; 2nd model, SBI, KURS, and M2 effect to the inflation partially; 3rd model only Diividend Payout Ratio and Debt to Equaity Ratio Effected to Ownership Structure partially ; 4th model, only return variable significantly influence to Investment Risk partially.
URI: http://repository.widyatama.ac.id/xmlui/handle/123456789/6598
Date: 2011-06-16


Files in this item

Files Size Format View
Cover proceeding.pdf 61.26Kb PDF View/Open
confrence program.pdf 167.3Kb PDF View/Open
SSRN-id1867881 (Siti Komariah) KII.CD.086.pdf 962.1Kb PDF View/Open

This item appears in the following Collection(s)

Show full item record