出版社：LLC “Consulting Publishing Company “Business Perspectives”
摘要：This study uses five variables in which each of these variables were taken from 100 randomly selected companies from around 344 companies listed in Jakarta Stock Exchange(JSX),(MEDIA INDONESIA,2013)in order to understand the relationship between price to earnings ratio(PER),price to book value ratio(PBV),size(log)and beta as independent variables with variable returns as dependent variable.The period of the data used is from 2010 to 2012 for the four independent variables and from 2009 until 2011 for the dependent variable. In the return of 2009 there is one variable that is statistically proven to correlate with the return.The independent variable is the price to earnings ratio(PER),but the notation of PER is negative.However,the return of 2010 According to the table above,it appears that for the fault tolerance of 5%,none of the independent variables that are statistically proven separately correlated with returns.As for a return in 2011,seen that returns variable is statistically shown to correlate with a beta variable with a significance level of 0.007 and with a coefficient of 0.333.Pearson correlation analysis was also performed to Panel Data,unfortunately none of the independent variables that are statistically proven to have a relationship with the return.Furthermore,seen also how the relationship between the variables PER,PBV,log size and beta with multiple returns in a model as well as the relationship between PER,PBV, size and beta with the expected return.
