PENGARUH LIKUIDITAS, LEVERAGE, EFISIENSI OPERASI, DIVIDEND PAYPUT RATIO, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP RISIKO SISTEMATIS DAN NON-SISTEMATIS (Studi pada Perusahaan Non-Keuangan Indeks LQ45 Periode 2012-2016)
Abstract: Risk is a very
important part in investment decision. Therefore, any factors that explain the
risk dynamics need further research. There are 2 types of investment risk,
systematic risk and non-systematic risk. Liquidity, leverage, operating
efficiency, dividend payout ratio, profitability, and company size are
financial variables that expected to be a determinants of systematic and
non-systematic risks.
The objective of this research is to understand the relationship between
liquidity, leverage, operating efficiency, dividend payout ratio,
profitability, and company size with systematic and non-systematic risks in
Indonesia capital markets. This research was done by observing non-finance
companies indexed in LQ45 2016 between 2012 to 2016 (5 years).
The result shows that liquidity has a
negative and significant effect towards systematic and non-systematic
risks. Profitability carries negative and significant effect towards systematic
risk, operating efficiency and company size carries negative and significant
effect towards non-systematic risk.
Keywords: systematic risk,
non-systematic risk, liquidity, leverage, operational efficiency, dividend
payout ratio, probability and company size
Penulis: Nana Varian Januardi,
Erman Denny Arfianto
Kode Jurnal: jpmanajemendd170788
