PENGARUH DER, PER, ROE TERHADAP RETURN SAHAM PERUSAHAAN TELEKOMUNIKASI

Abstract

This research is aimed to find out the influence of debt to equity ratio (DER), price earning ratio (PER), return on equity (ROE) return on equity to the telecommunication companies which are listed in Indonesia Stock Exchange. Financial ratio is used in order to represent the financial performance on the basis of the result of the research which proves that there are significant and firm correlation between financial ratio to changes of stock returns and the use of financial ratio to measure and to predict financial performance. The sample collection technique has been done by using purposive sampling with specified criteria and five telecommunications companies with the observations made in the period 2010-2015 have been obtained as samples. The data is the secondary data which has been done by using the financial performance reports and analysis techniques which has been carried out by using multiple linear regressions analysis. It has been found from the result of classic assumption test that there is no deviation on the classical assumptions which has been used. Meanwhile, the result of model feasibility test which has been done by using the determination coefficient (R2) and the F test shows that the models are feasible to be use for the following research. The hypothesis test which has been done by using t test partially shows that debt to equity ratio (DER), price earning ratio (PER) does not give any significant influence to the stock return whereas return on equity (ROE) give significant influence to the stock returns of Telecommunications companies which are listed in Indonesia Stock Exchange in 2010-2015 periods.
Keywords: debt to equity ratio (DER), price earning ratio (PER), return on equity (ROE), return share.