ANALISIS PENGARUH Return on Asset (ROA), Earning per Share (EPS), Debt to Equity Ratio (DER), DAN Market Value Added (MVA) TERHADAP RETURN SAHAM (Studi Empiris pada Perusahaan Real Estate dan Property yang Listed di BEI Tahun 2007-2011)

Abstract

Indonesia's economy global challenges that make economic shocks and ultimately affect investor decisions. In such conditions, companies are required to maximize its performance in order to face the global challenges. Thus, management is required to manage the company effectively and efficiently to assess the company. One way that is commonly used in assessing the company's approach is fundamental. Fundamental approaches include using financial ratio analysis. Based on some empirical evidence of the results of research and studies on research related to financial ratio analysis has been done before, but research in this area is still interesting to study because the findings are not always consistent, it pushes back to the research. Therefore, this study aimed to examine the effect of return on assets (ROA), earnings per share (EPS), debt to equity ratio (DER), and market value added (MVA) to stock return. Population of research used in this study is a Real Estate and Property sector 2007-2011. This research is quantitative, and using secondary data from financial reports, company reports and the annual report of the company's Real Estate and Property sectors listed on the Stock Exchange. Determination of the sample in this study using purposive sampling criteria have been determined, with a sample of 28. Independent variables used in this study is the return on assets (ROA), earnings per share (EPS), debt to equity ratio (DER), and market value added (MVA). While the dependent variable is the stock return. Data analysis techniques, using multiple regression analysis with the help of SPSS processing. The results of the research conducted indicates that the variable Return on Assets (ROA), Earning per Share (EPS) and Market Value Added (MVA) significant positive effect on stock returns. While the Debt to Equity Ratio (DER) are not significantly influence stock returns.