compiled by :

Name : Rama Riyansyah Suryana

NPM : 0212U167

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 Stock Return in LQ45 Period 2011 - 2015
40%

30%

20%

10% RETURN SAHAM LQ45

Linear (RETURN SAHAM LQ45)
0%

-10%

-20%
2011 2012 2013 2014 2015

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 IDENTIFICATION
PURPOSE OF RESEARCH
OF PROBLEMS

1. To determine how the growth of the

1. How does the growth of the institutional institutional ownership structure, agency
ownership structure, agency cost, cost, leverage, corporate social
leverage, corporate social responsibility responsibility to stock return in index
to stock return in index LQ45 period LQ45 period 2011 – 2015
2011 – 2015 2. To determine how the influence of the
2. How does the influence of the institutional ownership structure, agency
institutional ownership structure, agency cost, leverage, corporate social
cost, leverage, corporate social responsibility simultaneously to stock
responsibility simultaneously to stock return in index LQ45 period 2011 - 2015
return in index LQ45 period 2011 - 2015 3. To determine how the influence of the
3. How does the influence of the institutional ownership structure, agency
institutional ownership structure, agency cost, leverage, corporate social
cost, leverage, corporate social responsibility partially to stock return in
responsibility partially to stock return in index LQ45 period 2011 - 2015
index LQ45 period 2011 - 2015

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 perusahaan

Manajemen keuangan

investasi

Analisis fundamental Analisis teknikal

makro Rasio Kinerja

keuangan perusahaan

Struktur kepemilikan Agency cost Leverage CSR

institusional

Return saham
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 VARIABLE CONCEPT INDICATOR MEASUREMENT SCALES
The percentage of shares owned
The by the institution or institutions
that are calculated at the end of the percentage of Ratio
Institutional the year
shares owned by
Ownership (Nuraina, 2012)
institutions
Structure (X1)

Costs associated with monitoring

the actions of management to
Operating, general
The Agency ensure contract between
managers, shareholders, and administration Ratio
Cost (X2) creditors
(OGA)
(Williandri, 2012)

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 VARIABLE CONCEPT INDICATOR MEASUREMENT SCALES

The company's obligation to the

other party to pay a sum of money
or deliver goods or services at a Debt Equity Ratio
Leverage (X3) certain date
Ratio
(DER)
(Djarwanto, 2009)

Corporate Business operations are committed

not only to improve the company's
Social profit financially , but to the CSRDI Ratio
development of social, economic ,
Responsibility
and sustainable
(X4) (Suharto, 2010)

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VARIABLE CONCEPT INDICATOR MEASUREMENT SCALES

The level of profits or losses

obtained as a result from
investments.

Return Stock (Jogiyanto, 2010)

Actual Return Ratio
(Y)

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 The Method used in this study is Descriptive
RESEARCH
and Verifikatif Method
METHOD

The data used in this study are secondary

TYPES AND
data, the data is company's sustainability
SOURCES OF
report and financial report who listed in
DATA
LQ45 index period 2011 - 2015

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 A. Normality Test B. Autocorrelation
Normal distribution of data Doesn’t occur autocorrelation

C. Test Multicollinearity D. Heteroskidastisitas

Doesn’t occur multicollinearity Doesn’t occur heteroskedastisitas

Multiple Regression Model

Y = - 0,463 + 0,244 X1 – 0,009 X2 + 0,170 X3 + 0,247 X4 + ɛ

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A. SIMULTANEOUS TEST B. PARTIAL TEST

 The results showed that

A. Results showed that the
Institutional ownership, agency the only leverage that
cost, leverage, corporate social have significant
responsibility didn’t have
influence on stock
simultaneously to the stock return
returns

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 Suggestion :
1. For Investors
The result of this research shows all Suggested to the owners of capital to invest in LQ45 in

of independent variables such as the order to get high returns comparable investments. It
should be considered investors in the form of
Institutional ownership, agency cost, ownership structure, debt policy, sustainable

corporate social responsibility didn’t reporting, dividend policy, capital structure in order
to avoid subjective judgments.
have an effect on stock return,
2. For Further Research
meanwhile the leverage variable has
This research is still not perfect, had expected for the
effect on stock return in LQ45 index next researcher who is interested in the same topic
for further research to use or add other factors that
period of 2011-2015.
may affect the stock return.

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FAKULTAS BISNIS DAN MANAJEMEN