Pengaruh operating leverage, financial leverage dan karakteristik perusahaan terhadap risiko sistematis pada saham di indeks lg45 2011 - 2012

Viona, Viona (2014) Pengaruh operating leverage, financial leverage dan karakteristik perusahaan terhadap risiko sistematis pada saham di indeks lg45 2011 - 2012. Bachelor Thesis thesis, Universitas Multimedia Nusantara.

	Text HALAMAN AWAL.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (919kB)
Preview	Text BAB I.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (782kB) | Preview
Preview	Text BAB II.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (807kB) | Preview
Preview	Text BAB III.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (785kB) | Preview
	Text BAB IV.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (855kB)
Preview	Text BAB V.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (751kB) | Preview
Preview	Text DAFTAR PUSTAKA.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (752kB) | Preview
	Text LAMPIRAN.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (832kB)

Abstract

The focus of this research is to know the effect of operating leverage, financial leverage and firm characteristic on systematic risk. The factors of effecting risk are important in order to predict amount of systematic risk that cannot be eliminated by diversification. Therefore, systematic risk is considered by investor as relevant risk in investing stock. This research chooses degree of operating leverage (DOL) to represent operating leverage and degree of financial leverage (DFL) to represent financial leverage as quantitative variables, and firm characteristic is a dummy variable as qualitative variable. Firm characteristic is categorized into government-owned general agency (BUMN) firm as included group and non BUMN firm as excluded group. This research employs ANCOVA model because of combination of quantitative and qualitative variables. The research investigate 22 public companies in LQ45 index for 2011 and 2012 after selecting it by some criteria. By using Single Index Model to identify beta for each company each year, the impact of operating leverage, financial leverage and firm characteristic can be calculated. The result of this research shows that DOL that represent operating leverage is effecting systematic risk significantly, DFL that represent financial leverage is not effecting systematic risk and firm characteristic is effecting systematic risk significantly. Simultaneously, operating leverage, financial leverage and firm characteristic are effecting systematic risk significantly.

Item Type:	Thesis (Bachelor Thesis)
Subjects:	300 Social Sciences > 330 Economics > 332 Financial Economics (Shares, Investment)
Divisions:	Faculty of Business > Management
Depositing User:	Administrator UMN Library
Date Deposited:	10 Jul 2017 09:30
Last Modified:	24 May 2023 03:38
URI:	https://kc.umn.ac.id/id/eprint/682

Actions (login required)

View Item