ANALISIS RISIKO INVESTASI TERHADAP RETURN SAHAM TAHUNAN PADA INDUSTRI TELEKOMUNIKASI YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This study aimed to determine the impact of investment risk on stock returns in the telecommunications industry Go-public listed in the Stock Exchange in 2008-2013, viewed from the aspect of investment risk in unison and the impact on stock returns in the telecommunications industry Go-public listed in the Stock Exchange years 2008-2013, in terms of partial aspects. The research method used is multiple regression analysis. Results from this study is that expected return variables, market risk / beta market, business risk and financial risk, simultaneously (together) have a significant effect on stock returns for the telecommunications industry Go-public listed in the Stock Exchange in 2008-2013. This is evidenced by the results of the F test, simultaneously independent variables affect the dependent variable with significance levels below 0.05 and F test results in this study indicate the significance level of 0.000. Partially (separately), variable expected return, market risk / beta market, and business risk, significant effect on stock returns, while the financial risk variables had no effect on stock returns for the telecommunications industry Go-public listed in the Stock Exchange in 2008- 2013. This is evidenced by the results of the t test, partially independent variables each affect the dependent variable with significance level below 0.05, and of the four variables have a significance level respectively 0.000, 0.031, 0.000, and 0.184.