Pengaruh Ukuran Perusahaan, Operating Leverage dan Dividen
Payout Ratio Terhadap Beta Saham Pada Perusahaan
Manufaktur yang Terdaftar di BEI Periode 2009 - 2011
WAHYU SETYA RAHARJO, 2013; Effect of Company Size, Operating
Leverage and Dividend Payout Ratio Beta Stocks in Manufacturing Companies
Listed in Indonesia Stock Exchange Year 2009-2011, led by Yunika Murdayanti,
SE, M.Si, M.Ak. as lecturer I dan Diena Noviarini, MM.Si. as lecturer II.
This study aims to : 1) Analyze the effects of company size influence on
beta stocks, 2) Analyze the effect of Operating Leverage on beta stocks, 3) Analyze
the effects of Dividend Payout Ratio on beta stocks, 4) Analyze the effects of
Company Size, Operating Leverage and Dividend Payout Ratio on beta stocks.
The data in this study were drawn from manufacturing companies listed in
Indonesia Stock Exchange for three years for the period 2009 through 2011. This
study uses purposive sampling method. Sample for this study consisted of 21
companies that meet the established criteria.
The results of this study show that: 1) Size Company does not have any
effect on beta stocks, 2) Operating Leverage has a significant positive effect on
beta stocks, 3) Dividend Payout Ratio has no effect on beta stocks, 3) Company
Size, Operating Leverage and dividend Payout Ratio simultaneously have a
significant effect on firm value.
Keywords : Company Size, Operating Leverage, Dividend Payout Ratio and
Beta Shares