PENGARUH PRICE EARNING RATIO (PER), PRICE BOOK VALUE (PBV) DAN DEBT TO EQUITY RATIO (DER) TERHADAP RETURN SAHAM (Studi terhadap Perusahaan Properti dan Real Estate yang Listing di Indeks Saham Syariah Indonesia)
ABSTRACT: Every investor wants
a secure investment and provides profit (in-return). This study aimed to
analyze the effect of Price Earnings Ratio (PER), Price Book Value (PBV) and
Debt to Equity Ratio (DER) on stock returns Vendor property and real estate
listed in Indonesian Sharia Stock Index (ISSI) in the period 2011-2013. This
study used quantitative analysis with panel data estimation methods with time
series in 2011-2013 and cross section data of thirty-one companies used α = 5%
significance level. The regression results in this study indicated that the
independent variables Price Earnings Ratio (PER) and variable Debt to Equity
Ratio (DER) significantly shown negative effect on stock returns, meanwhile the
variable Price Book Value (PBV) significantly shown positive effect on stock
returns. While simultaneously brought a significant effect on stock returns and
real estate properties listed in Indonesian Sharia Stock Index (ISSI) in period
2011-2013.
Keywords: Price Earnings
Ratio, Price Book Value, Debt to Equity Ratio, Return Stocks and Shares Index
Sharia Indonesia
Penulis: Rendra Akbar
Kode Jurnal: jpmanajemendd151472
