DETERMINAN RISIKO SISTEMATIS DAN KINERJA SAHAM PADA SEKTOR INDUSTRI BARANG KONSUMSIDI BURSA EFEK INDONESIA

Abstract

Abstract. This research is intended to know how big the influences of fundamental ratio, market ratio, business performance and macro-economic to the systematic risk and their Impacts to the performance on shares at the Consumer goods industry which listed at Indonesia stock exchange. The sampling method used was purposive sampling technique. From population of 37 companies, 16 companies met the criteria to the sample. Data in this research are collected by using the method of documentation study and documents of companies in the Consumer goods industry sector with the sources deriving from Financial Statements of companies listed at Indonesia Stock Exchange for the period 2010-2014. Data is analyzed by using partial least square modeling processed through the Smart PLS software of 3.0 versions.Output of this study indicates that the fundamental ratio and market ratio have significant influence, but business performance, macro-economic do not have significant influence to the systematic risks, Further, fundamental ratio, market ratio and business performance do not have significant influence as well to the performance on shares, but on the contrary the macro-economic has significant to performance on shares. Fundamental ratio, market ratio, business performance and macro-economic to the systematic risk and there isn‟t any significant Impacts to performance on shares. Keywords: Business performance, Fundamental ratio, Macro-economic, Market ratio, Partial least square, Performance on shares, Systematic risk