PENGARUH FAKTOR FUNDAMENTAL DAN TEKNIKAL TERHADAP NILAI PERUSAHAAN (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PADA TAHUN 2009-2012)

Abstract

This study aims to determine whether  fundamental factors proxied by variables
WCTO, ROE, DER, DPR, Sales Growth, and technical factors proxied by Beta affect firm
value represented by PBV.  
The population in this research is a  manufacturing company listed on the
Indonesian Stock Exchange (BEI) in the period 2009-2012.  Sampling  methode using
purposive sampling and acquired 36 companies  were selected as sample. The analysis
technique used is multiple regression, the classical assumption, hypothesis testing using t-
statistics to test the partial regression coefficients and F-statistics to test the simultaneous
effect on the level of significance of less than 5%, and Standardized Coefficients Beta Test
to determine the independent variables that The most dominant effect on the dependent
variable.
The results of this research indicated that simultaneously (f-test), the average
individual fundamental factors WCTO, ROE, DER, DPR, Sales Growth, and technical
factors Beta affect the average PBV with R2
64.6%.  Partial test (t-test)showed that the
average ROE and Sales Growth has positive  significant  influence  to the average PBV,
while other average individual fundamentals factors WCTO, DER, DPR, and technical
factors Beta did not influence the average PBV. Based on Standardized Coefficients Beta
Test, the average ROE dominant  influence  the average PBV among other independent
variables.

Keywords: Working Capital Turn Over   (WCTO), Debt Equity Ratio  (DER), Return on
Equty  (ROE),  Dividen Payout Ratio  (DPR),  Sales Growth  dan Beta, serta
Price of Book Value (PBV).