Pendekatan Model Penilaian dalam Pengambilan Keputusan Investasi Saham di Bursa Efek Indonesia

Ediningsih, Sri Isworo and Yacobus, Aryono (2012) Pendekatan Model Penilaian dalam Pengambilan Keputusan Investasi Saham di Bursa Efek Indonesia. Jurnal Keuangan dan Perbankan, 16 (3). pp. 390-398. ISSN 1410-8089

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Abstract

A valuation model was a mechanism that converted a set of forecast, a series of company and economic variables into a forecast of market value for the company’s stock. The purpose of this study was to examine relevance among dividend yield, retained earnings, book value and total debt on stock price: approximation valuation model in the Indonesia Stock Exchange. Samples in this study were manufacture firms listed on the Indonesia Stock Exchange period 2008–2011 and divided dividend. The results showed that few of samples were undervalue and the others were overvalue. It meant valuation model could be applicated in the Indonesian stock exchange. By using multiple regressions, this study found that: valuation model relevans used in investment decission in manufacture firms in the Indonesia Stock Exchange could prove simultaneously dividend yield, retained earnings, book value and total debt had significant effect to stock price and partially dividend yield had no significant effect to stock price and whereas retained earnings, book value and total debt had significant effect in partial to stock price.
Key words: valuation model, undervalue, overvalue, dividend yield, retained earnings, book value, total debt, stock price

Item Type:	Article
Uncontrolled Keywords:	valuation model, undervalue, overvalue
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management
Depositing User:	Dra. M.M Sri Isworo Ediningsih
Date Deposited:	08 Apr 2022 00:58
Last Modified:	08 Apr 2022 00:58
URI:	http://eprints.upnyk.ac.id/id/eprint/29402

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