PENGARUH RETURN ON EQUITY, RETURN ON INVESTMENT, FREE CASH FLOW, ECONOMIC VALUE ADDED DAN MARKET VALUE ADDED TERHADAP RETURN SAHAM PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA DALAM PERSPEKTIF EKONOMI ISLAM TAHUN 2016 - 2020

AYU, DELIANA (2021) PENGARUH RETURN ON EQUITY, RETURN ON INVESTMENT, FREE CASH FLOW, ECONOMIC VALUE ADDED DAN MARKET VALUE ADDED TERHADAP RETURN SAHAM PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA DALAM PERSPEKTIF EKONOMI ISLAM TAHUN 2016 - 2020. Undergraduate thesis, UNIVERSITAS ISLAM NEGERI RADEN INTAN LAMPUNG.

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Abstract

ABSTRAK Bagi invetor yang menambahkan modalnya pasti mengharapkan Return atau pengembalian dalam bentuk keuntungan. Investor perlu menggunakan berbagai pertimbangan untuk menilai jenis perusahaan yang layak untuk diinvestasikan dan dapat memberikan keuntungan yang optimal bagi investor. Sehingga investor dapat membuat langkah�langkah strategis dengan analisis investasi pada perusahaan- perusahaan dimana investor tersebut melakukan penanaman modal. Penelitian ini bertujuan untuk mengetahui (1) Pengaruh secara parsial antara Profitabilitas, Free Cash Flow, Economic Value Added, Market Value Added terhadap Return Saham ;(2) Pengaruh secara simultan antara Profitabilitas, Free Cash Flow, Economic Value Added, Market Value Added terhadap Return Saham; (3) Return dalam perspektif ekonomi islam. Populasi dalam penelitian ini sebanyak 26 perusahaan food and beverage yang terdaftar di BEI selama periode pengamatan 2016- 2020 dengan perolehan sampel sebanyak 10 perusahaan. Teknik pengambilan sampel menggunakan metode purpose sampling. Metode analisis yang digunakan adalah analisis regresi data panel dengan menggunakan E-views 9 Berdasarkan hasil uji metode CEM, metode FEM, dan metode REM, tidak ditemukan variabel yang menyimpang dari aturan data panel. Hasil penelitian berdasarkan uji hipirsesis menunjukan bahwa secara simultan ROE,ROI,FCF,EVA, dan MVA secara bersama- sama tidak berpengaruh terhadap Return Saham, sedangkan hasil uji parsial ROE dan ROI tidak ada pengaruh secara signifikan artinya bahwa meskipun nilai perusahaan ROE dan ROI naik, belum tentu Return Saham yang akan dierima investor juga naik, begitu sebaliknya. Begitupun dengan FCF tidak ada pengaruh secara signifikan terhadap Return Saham artinya bahwa meskipun nilai FCF tinggi, belum tentu Return Saham yang diterima investor juga tinggi dikarenakan adanya penyimpangan yang dilakukan oleh manajer. Secara parsial EVA tidak ada pengaruh secara signifikan terhadap Return Saham. Artinya perhitungan EVA kurang sesuai apabila digunakan sebagai dasar pengembalian keputusan bagi investor untuk melakukan pembelian dan penjualan saham. Variabel MVA berpengaruh secara signifikan terhadap Return saham, Artinya mampu meningkatkan nilai pasar. Kata kunci: ROE, ROI, FCF,EVA, MVA, Return Saham iii ABSTRACT For investors who add their capital, they expect a return in the form of profits. Investors need to use various considerations to assess the type of company that is feasible to invest in and can provide optimal returns for investors. So that investors can make strategic steps with investment analysis in companies where the investors invest. This study aims to determine (1) the partial effect of Profitability, Free Cash Flow, Economic Value Added, Market Value Added on Stock Return; (2) The simultaneous influence of Profitability, Free Cash Flow, Economic Value Added, Market Value Added on Stock returns; (3) Return in the perspective of Islamic economics. The population in this study were 19 food and beverage companies listed on the IDX during the 2016-2020 observation period with a sample acquisition of 10 companies. The sampling technique used the purpose sampling method. The analytical method used is panel data regression analysis using E-views 9 . Based on the test results of the CEM method, the FEM method, and the REM method, there were no variables that deviate from the panel data rules. The results of the research based on the hypocrisy test show that simultaneously ROE, ROI, FCF, EVA, and MVA together have no effect on Stock Return, while the results of the partial test of ROE and ROI have no significant effect, meaning that even though the company value ROE and ROI increase , not necessarily that the stock return that investors will receive will also increase, and vice versa. Likewise with FCF there is no significant effect on Stock Return, meaning that even though the FCF value is high, it is not necessarily that the Stock Return received by investors is also high due to deviations made by the manager. Partially EVA has no significant effect on Stock Return. This means that the calculation of EVA is not appropriate if it is used as a basis for returning decisions for investors to buy and sell shares. The MVA variable has a significant effect on stock returns, meaning that it can increase market value. Keywords: ROE, ROI, FCF, EVA, MVA, Stock Return

Item Type: Thesis (Undergraduate)
Subjects: Perbankan Syariah
Divisions: Fakultas Ekonomi dan Bisnis Islam > Perbankan Syariah
Depositing User: LAYANAN PERPUSTAKAAN UINRIL REFERENSI
Date Deposited: 15 Nov 2021 03:42
Last Modified: 15 Nov 2021 03:42
URI: http://repository.radenintan.ac.id/id/eprint/16389

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