Syahrani, Hana Fathiya (2022) Pengaruh Struktur Modal, Profitabilitas, Beta Saham Dan ESG Terhadap Perubahan Harga Saham Dengan Ukuran Perusahaan Sebagai Variabel Moderasi (Studi Kasus : Perusahaan Sektor Non Keuangan Yang Terdaftar di Bursa Efek Indonesia Pada Tahun 2016 - 2020). Other thesis, Institut Teknoloogi Sepuluh Nopember.
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Abstract
Berdasarkan data yang dihimpun oleh PT Kustodian Sentral Efek Indonesia (KSEI), jumlah investor pasar modal mengalami peningkatan drastis dalam kurun waktu lima tahun terakhir. Peningkatan jumlah investor seharusnya juga diiringi dengan upaya peningkatan edukasi pasar modal terutama saham agar pasar modal dapat berjalan lebih efektif dan efisien serta menguntungkan bagi seluruh pihak. Namun, kenyataannya kegiatan edukasi yang dilakukan oleh Bursa Efek Indonesia (BEI) yaitu Sekolah Pasar Modal belum berhasil menjangkau seluruh investor di Indonesia. Oleh karena itu, penelitian ini bertujuan untuk memahami faktor – faktor yang dapat mempengaruhi perubahan harga saham yang diukur melalui struktur modal, profitabilitas, beta saham, Environment, Social and Governance (ESG) dan ukuran perusahaan sehingga dapat dijadikan pertimbangan pengambilan keputusan investasi bagi investor. Penelitian ini menggunakan metode regresi data panel dengan Fixed Effect Model dengan data sekunder dari 73 perusahaan non keuangan yang terdaftar di BEI pada tahun 2016 – 2020. Hasil penelitian menunjukkan bahwa Debt to Equity Ratio berpengaruh negatif terhadap harga saham, ukuran perusahaan dapat melemahkan pengaruh negatif Debt to Equity Ratio terhadap harga saham dan interaksi antara ukuran perusahaan dan Return on Asset berpengaruh positif terhadap harga saham.
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Based on data compiled by Indonesian Central Securities Depository (KSEI), the number of capital market investors has drastically increased in the last five years. The increase number of investors should also be accompanied by the efforts to increase capital market education so that the capital market can work more effectively and efficiently to benefit all parties involved. However, in reality the educational activities carried out by Indonesia Stock Exchange (IDX), namely Sekolah Pasar Modal have not succeeded in reaching all investors in Indonesia. Therefore, this study aims to understand the factors that can influence stock prices measured by capital structure, profitability, stock beta, implementation of Environment, Social and Governance (ESG) and company size so they can be used as consideration for investment decision making for investors. This research use data panel regression with Fixed Effect Model using secondary data from 73 non financial companies listed on IDX in 2016 – 2020. The result shows that Debt to Equity Ratio has negative effect on stock price, firm size weakens the negative effect of Debt to Equity Ratio on stock price and the interaction between firm size and Return on Asset has positive effect on stock price.
| Item Type: | Thesis (Other) |
|---|---|
| Uncontrolled Keywords: | Environment, Social and Governance (ESG), Harga Saham, Profitabilitas, Risiko Sistematis, Struktur Modal, Capital Structure, Profitability, Stock Price, Systematic Risk |
| Subjects: | H Social Sciences > HG Finance > HG4910 Investments |
| Divisions: | Faculty of Creative Design and Digital Business (CREABIZ) > Business Management > 61205-(S1) Undergraduate Thesis |
| Depositing User: | Hana Fathiya Syahrani |
| Date Deposited: | 04 Feb 2022 02:30 |
| Last Modified: | 02 Nov 2022 04:03 |
| URI: | http://repository.its.ac.id/id/eprint/92800 |
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