PENGARUH DOL, DFL, CAR TERHADAP RETURN SAHAM PERUSAHAAN PERBANKAN DI BEI

Abstract

This research aimed to examine the effect of Operational Leverage, Financial Leverage, and Capital Adequacy Ratio on the stock return at banking companies which were listed on Indonesia Stock Exchange in 2014-2017 periods.The sample collection technique used purposive sampling method at banking companies which were listed on Indonesia Stock Exchange in 2014-2017 periods. Based on the determined criteria, this research obtained 18 samples of banking companies with 43 observation data. The data analysis technique used multiple linear regressions analysis with t test and significance level 5%.Based on the result of model feasibility test (F test), this research showed that the regressions model was feasible to use to predict operational Leverage, Leverage Financial, and Capital Adequacy Ratio on the stock return at banking companies. The result of hypothesis test (t test) showed that operational Leverage, financial Leverage did not have any significant effet on stock price. Mean while Capital Adequacy Ratio gave significant effect on the stock return at banking companies.
Keywords : operational leverage, leverage financial, capital adequacy ratio, stock return.