| dc.description.abstract | Property was one of sectors that suffer very much during 2005. This
caused the securities property price decrease on stock exchange. The objective of
this research is to understand fundamental factor and technical that influence
securuties price on property sector. The fundamental factors used in this research
are 14 financial ratios which are current ratio, quick ratio, leverage ratio, debt to
•. equity ratio, inventory turn over, fixed asset turn over, total asset tum over, gross
profit margin, operating profit margin, net operating margin, return on investment,
return on equity, price earning ratio dan price book value. The technical factors
used are trading volume and individual stock price's index.
The sample method uses purposive sampling method. Population are 32
companies, only 16 companies are selected, because the financial statement are
complete in 2001 until 2003, and securities were active traded in stock exchange.
Hypotesis testing was done through the multiple regression analysis and prior to
that class~c assumption test including normality, multicoloniarity,
heteroscedasticity, autucorelation and linearity model test was conducted. From
nonna!ity and multicoloniarity test, 8 varibles are excluded~ current ratio, debt to
equity ratio, inventory turn over, total asset tum over, gross profit margin, net
profit margin, return on equity and price earning ratio because there are not
normal and have coloniarity.
The findings of this study reveal that the fundamental factor which are
leverage ratio, fixed asset turn over, quick ratio, operating profit margin, return on
investment, price book value ai:id technical factor which are trading volume and
individual stock price's index simultaneously influence and significant the stock
price. The fundamental factor which are leverage ratio, operating profit margin,
price book value and technical factor which are trading volume and individual
stock price's index partially influence and significant on alpha 5%. The individual
stock price's index even is high significant. | en_US |
