ANALISIS PENGARUH GOOD CORPORATE GOVERNANCE, RIGHT ISSUE, BETA, DAN MISPRICING TERHADAP RETURN SAHAM

Abstract

This research aimed to examine and analyze the effect of Good Corporate Governance (GCG), Right Issue (RI), Beta, and Mispricing on Shares Price. The research was quantitative. While, the population was all companies which were listed on Indeks LQ45. Moreover, the sampling collection technique used non-probability sampling. Furthermore there were twelve companies which listed on Indeks LQ45 as sample. In addition, the data was secondary, which taken from Indonesia Stock Exchange. For the data analysis technique, it used multiple linear regression. The research result concluded Good Corporate Governance and Right Issue had positive effect on the shares return. On the other hand, Beta and Mispricing had negative effect on the shares return. Moreover, the classical assumption test had fulfilled the criteria given. While, the model proper test had properlyused. Furthermore, T-test concluded RI and VR (refered to mispricing) had significant effect on the shares return. On the other hand, Beta and CGC had insignificant effect on the shares return.
Keywords: shares return, intitutional ownership, right issue, beta, variance ratio