THE DETERMINANT OF EARNING GROWTH: EXPERIENCE OF FIRM IN INDONESIA

WILLY BUDI WIBISONO , Prof. Dr. Tandelilin Eduardus, MBA.

2014 | Skripsi | S1 MANAJEMEN

Di masa mendatang, bank akan mengurangi bunga deposito di negara maju seperti Jepang and Prancis. Ekonomi Indonesia bertumbuh setiap tahun dan menguarangi bunga bank. Salah satu pilihan adalah investasi di pasar saham. Sebagai salah satu industry yang menjanjikan yang masih belum banyak dikenal di Indonesia. Menentukan performa saham berdasarkan pendapatan adalah cara yang paling umum. Salah satunya adalah pertumbuhan pendapatan. Di skripsi ini penulis ingin membantu orang memilih saham dengan menggunakan factor yang mempengaruhi pertumbuhan pendapatan yang adalah dividend payout ratio, return on asset ratio, earning yield ratio, dan leverage ratio. Setelah penelitian, disimpulkan bahwa dividend payout ratio, return on asset, dan leverage ratio berpengaruh terhadap pertumbuhan pendapatan sedangkan earning yield ratio tidak mempengaruhi pertumbuhan pendapatan di Bursa Efek Indonesia

In the future, bank will provide lower interest rate in developed country, such as Japan and France. Indonesia economy is growing and bank interest rate is decreasing every year. One of the choice is to invest in stock market. As promising industry in the future, stock market is one of financial product that is still less known by most Indonesian people. Determining performance of the stock based on earning is the most common tools in fundamental value. Therefore, growth in earning is very important. In this thesis, writer tries to help people to choose stock in the stock market using factors that determine earning growth such as dividend payout ratio, return on asset ratio, earning yield ratio, and leverage ratio. After the research conducted, it is concluded that dividend payout ratio, return on asset ratio, and leverage ratio affect earning growth while earning yield does not affect earning growth in Indonesian Stock Market.

Kata Kunci : investasi, tingkat bunga, pertumbuhan pendapatan, dividend payout ratio, return on asset, earning yield, leverage ratio, Bursa Efek Indonesia, penelitian kuantitatif