市场比率和盈利比率对股票回报的影响(印尼证券交易所上市的酒店业实证研究)

Susantri Susantri, Yasir Arafat, M. Maliah
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引用次数: 0

摘要

ABSTRAK 计划可帮助酒店业提高运营和利润回报率。因此,在印尼证券交易所的酒店业子项目中采用了权衡性酒店管理技术,并采用了记录数据的方法。数据分析技术中使用的统计方法包括线性回归、决定因素和符号。通过对数据的分析,可以得出 Y = 1,505 + 0,255X1 - 0,105X2 的线性回归结果。数据显示,该公司的总资产收益率和总利润率分别为 7.7% 和 92.3%,而总资产收益率和总利润率分别为 7.7% 和 92.3%。市盈率(PER)和资产回报率分别为 0.026 和 0.260,这两个指标都没有显著性。在股票市场上,市盈率与股票价格的关系最为密切,而股票价格则与股票价格的关系并不密切。F 值的平均值为 0.038,这表明,收益率和利润率在回报率中的占比都很高。Kata Kunci: 市盈率、资产回报率、回报率。ABSTRACT 本研究探讨了市场比率和盈利比率如何影响酒店业的股票回报率。此外,研究程序采用定量研究技术,研究对象为在印度尼西亚证券交易所上市的酒店业,数据收集方法为文献法。数据分析技术中使用了描述性统计,如多元线性回归、判定系数和显著性。经过研究,我们得到了多元线性回归方程 Y = 1.505 + 0.255X1 - 0.105X2,这表明市场比率变量,即市盈率(PER)比盈利比率变量,即资产回报率(ROA)在影响股票回报率方面更占优势。.通过计算决定系数,结果为 0.077。从数据中可以看出,市场比率和盈利比率对股票收益率影响的贡献率条件为 7.7%,其余 92.3%受其他未测试变量的影响。市盈率和资产收益率的显著值分别为 0.026 和 0.260,支持研究假设。根据研究结果,市盈率对股票收益率有相当大的影响,而资产收益率的影响则不明显。计算的 F 检验结果显示显著性值为 0.038,表明市场比率和盈利比率共同对股票回报率有较大影响。关键词 :市盈率 资产回报率 股票回报率
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Pengaruh Rasio Pasar Dan Rasio Profitabilitas Terhadap Return Saham (Studi Empiris Pada Industri Perhotelan Yang Terdaftar Di Bursa Efek Indonesia)
ABSTRAK   Penelitian ini melihat bagaimana rasio pasar dan rasio profitabilitas mempengaruhi return saham di sektor perhotelan. Selain itu, prosedur penelitian menggunakan teknik penelitian kuantitatif dengan subjek penelitian di sektor perhotelan yang terdaftar di Bursa Efek Indonesia, metode pengumpulan data yang di gunakan adalah dokumentasi. Statistik deskriptif, seperti regresi linier berganda, koefisien determinasi, dan signifikansi, digunakan dalam teknik analisis data. Setelah di lakukan penelitian di peroleh persamaan regresi linier berganda Y = 1,505 + 0,255X1 – 0,105X2 yang menunjukan bahwa variabel rasio pasar yaitu price earning ratio (PER) lebih dominan dari pada variabel rasio profitabilitas yaitu return on asset (ROA) dalam mempengaruhi return saham. Dari perhitungan koefisien determinasi didapat hasil 0,077, dari data menunjukan keadaan sumbangan dampak rasio pasar serta rasio profitabilitas terhadap return saham sebesar 7,7% dan sisanya 92,3% di pengaruhi oleh variabel lain yang tidak diuji. Price Earning Ratio (PER) dan Return On Asset keduanya memiliki nilai signifikan masing-masing sebesar 0,026 dan 0,260 untuk mendukung hipotesis penelitian. Menurut temuan penelitian, price earning ratio memiliki dampak yang cukup besar terhadap pengembalian saham sementara pengembalian aset memiliki dampak yang tidak signifikan. Hasil uji F hitung menunjukkan nilai signifikansi sebesar 0,038 yang menunjukkan bahwa rasio pasar dan rasio profitabilitas secara bersama-sama berpengaruh besar terhadap return saham.   Kata Kunci: Price Earning Ratio, Return On Asset, Return Saham.   ABSTRACT   This study looks at how market ratios and profitability ratios affect stock returns in the hotel sector. In addition, the research procedure uses quantitative research techniques with research subjects in the hotel sector listed on the Indonesia Stock Exchange, the data collection method used is documentation. Descriptive statistics, such as multiple linear regression, coefficient of determination, and significance, are used in data analysis techniques. After doing the research, we get the multiple linear regression equation Y = 1.505 + 0.255X1 – 0.105X2 which shows that the market ratio variable, namely price earning ratio (PER), is more dominant than the profitability ratio variable, namely return on assets (ROA) in influencing stock returns. . From the calculation of the coefficient of determination, the result is 0.077. From the data, it shows that the condition of the contribution to the impact of the market ratio and the ratio of profitability to stock returns is 7.7% and the remaining 92.3% is influenced by other variables not tested. Price Earning Ratio (PER) and Return On Assets both have significant values of 0.026 and 0.260 respectively to support the research hypothesis. According to research findings, price earning ratio has a considerable impact on stock returns while asset returns have an insignificant impact. The results of the calculated F test show a significance value of 0.038 which indicates that market ratios and profitability ratios together have a large effect on stock returns.   Keywords : Price Earning Ratio, Return On Asset, Stock Return.
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