ANALISIS PENGARUH KINERJA KEUANGAN TERHADAP RETURN SAHAM PADA INDUSTRI BARANG KONSUMSI

Abstract

Performance measurement is usually done based on the information contained in the financial statements. However, the information in the financial statements does not provide optimal benefits before user perform further analysis, for example in the form of financial ratios. Some financial ratios will assist investors in assessing the company's financial performance and to make investment decisions. Use with a ratio analysis, it is possible for investors to determine the level of liquidity, solvency and profitability of the company. This research uses ten industrial consumer goods companies registered in BEI, the research period of the 2009-2011 (annually).Analytical techniques used was multiple linear regression, while test hypotheses using t-tests to test the influence of partially variable and testing F to test the influence of variables simultaneously with a level of significance of 5%. It also used a classic assumption test that includes a test of normality, the relevant test, test and test heteroskedastisitas, autocorrelation. Based on the research results obtained that the NPM, PER, and the EPS has no effect significance to return the stock, so the Corporation and potential investors need to use different research models because according to research whether partial or simultaneous, NPM, EPS, and PER not having significant influence on stock return

Keywords: performance of the company, the Net Profit Margin (NPM), the Price Earning Ratio (PER), Earning Per Share (EPS), return the shares.