PENGARUH CURRENT RATIO (CR), DEBT TO EQUITY RATIO (DER), PRICE EARNING RATIO (PER), DAN RETURN ON ASSET (ROA) TERHADAP RETURN SAHAM PERUSAHAAN PERTAMBANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2005-2010

Abstract

This research was conducted to examine the effect of Current Ratio (CR), Debt to Equity Ratio (DER), Price Earnings Ratio (PER), and Return On Asset (ROA)  to share return of mining companies that were listed in Indonesia Stock Exchange period 2005-2010. The sampling technique used was purposive sampling with criteria (1) Mining companies has complete financial data during the period 2005-2010.  (2) Mining companies did not incur loss during 2005-2010. (3) Mining companies listed consecutively on Indonesian Share Exchange in 2005-2010. Based on these criteria 8 samples obtained from a total of 19 mining companies listed on the Indonesian Share Exchange. Data collected from Indonesian Capital Market Directory (ICMD). The analysis technique used is multiple linear regression analysis, using t-test to test the effect of dependent variables to independent variables partially. It also made the classic assumption test covering normally test, multicollinierity test, heteroskedasticity test and autocorrelation test. In this research, simultaneous CR, DER, PER, and ROA have not significant influence on the mining company’s stock return. Significance value of 0,108 with  α =  0,05 where  sig  (0,108) > α  (0,05). Partially CR  and DER  had  no influence to the share return with β CR = -0,182 and β DER = -0,060, while PER and ROA has significant influence to the share return of mining companies with β PER = 0.359 and β ROA = 0,049.

Keywords: Share Return, CR, DER, PER, and ROA