PENGARUH INVESTMENT OPPORTUNITY SET (IOS) TERHADAP RETURN SAHAM PERUSAHAAN (STUDI PADA PERUSAHAAN BARANG KONSUMSI YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2008-2014)

Suriyani B11110108

Abstract


This research aims to know the influence of Investment Opportunity Set (IOS) against the company’s return stock. This research’s type is a quantitative research by using secondary data on the period of observation in 2008 – 2014. The population that used in this research covers all companies listed on the Indonesia stock exchange with purposive sampling method and obtained samples of a total of 10 companies of consumer goods during the seven-year period of observation. The proxy of  variable Investment Opportunity Set (IOS) were used in this research is market to book value of equity ratio (MTKBE) and the capital expenditure to book value of asset ratio (CAPBVA). Proxy-Proxy variable be correlated with the return of shares represented by the proxy RETURN by using linear regression analysis tested through the program SPSS 21.

The results of this research finds that: (1) variable MKTBE have a positive  influence and significantly to return stock, (2) a variable CAPBVA has negative influence and not significantly to return company stock of consumer goods. From the results, it can be concluded that all proxy investment opportunity set has significant influence to the company’s return stock.

Keyword: Investment Opportunity Set (IOS), return, market to book value of equity ratio (MKTBE), capital expenditure to book value of asset ratio (CAPBVA).


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