PENGARUH RASIO KEUANGAN TERHADAP INVESTMENT OPPORTUNITY SET DALAM TAHAPAN SIKLUS HIDUP PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2006-2010
ABSTRACT: Investment
Opportunity Set (IOS) is an opportunity or an investment opportunity for a
company. The investment opportunities of a company can be seen through the
financial performance of companies that have different proportions at each
stage of the life cycle firms. Therefore this research aims to examine and
analyze the effect of financial ratios giving of the investment opportunity set
in the stage of the life cycle of manufacturing firms. The research design was quantitative
with the hypothesis. Type of data is quantitative. Data sources from Indonesian
Capital Market Directory. Variabel used includes IOS which measured by the IOS
based on investment and financial ratios as measured by the liquidity ratio,
profitability ratio, activity ratio, solvency ratio. Sample used is a
manufacturing fims listed in indonesia stock exchage in 2006-2010 as many as
140 firms. Data analysis techniques using miltiple linier regression.
Analyticaly result of this study is on the establishment stage only the
liquidity and activity ratios has effect on IOS. In the initial expansion stage
no ratios has effect on IOS, while on
the final expansion stage only profitability ratios has effect on IOS. At
the stage of
maturity only profitability
and solvency ratios
has effect on
IOS. On the
decline stage only
the profitability ratios has effect on IOS.
Keywords: Liquidity Ratio,
Profitability Ratio, Activity Ratio, Solvency Ratio, Investment Opportunity
Set, Life Cycle
Penulis: MARIA AGNES INDRI
PURNAMA SARI
Kode Jurnal: jpakuntansidd120069
