ABSTRACT
This thesis research has the objective to analyze the risk and return and the factors that affect stock prices in the sector Telecommunications infrastructure in the Jakarta Stock Exchange. This research was also based on secondary data obtained from the 2 Telecommunications infrastructure company, which is PT.Indosat, Tbk and PT.Telekomunikasi Indonesia, Tbk the JSE during the 58 months (December 1995 - September 2000). In addition secondary data obtained from the Central Bureau Statustik, namely: Inflansi, Exchange Rate (Rp / $) and 24-carat gold prices / gram, while data on Deposit Interest Rates / SBD (USD / 1 month) obtained from Bank Indonesia.
Analysis tool used is multiple regression analysis (multiple regression) for each share of telecommunications infrastructure and using computer programs MICROSOFT Exel 97 version 7.0 for multiple regression. Hypothesis testing where the relationship between risk and return, the relationship between stock prices and the factors that influence it, in the case of Deposit Interest Rate (USD / 1 month), Inflation, Exchange Rate (Rp / $) and the price of 24 carat gold / gram. Both these relationships using correlation techniques of Pearson product moment. Based on the hypothesis of this thesis, the higher the level of results (return) is expected, the higher the risk. Ups and downs of Deposit Interest Rate (SBD), Inflation, Exchange Rate (Rp / $) and 24-carat gold price / gram effect on stock prices falling telecommunications infrastructure. In this case SBD negative effect, negative effect Inflation, Exchange Rate (Rp / $) is positive and the price of 24 carat gold / gram negative effect.
This thesis research results show increasingly greater return PT.Indosat shares, or shares PT.Telekomunikasi Tbk Indonesia, Tbk the greater the risk. Total Risk Portfolio shares of the telecommunications sector in the JSE inftrastruktur using Markowitz method Diversification is the correlation coefficient of 39.05 PT.Indosat stock return, stock return Tbk and PT.Telekomunikasi Indonesia, Tbk is 0.62 means that there is a strong relationship between return both, because both share are on the same sector of the telecommunications infrastructure sector.
Based on regression analysis of factors that affect stock prices PT.Indosat, Tbk the SBD and 24 carat gold prices / gram, and Exchange Rate (Rp / US $) has a positive effect on stock prices, while the negative effect of inflation. To PT.Telekomunikasi Indonesia, Tbk inflation and exchange rate negatively affect the stock price while the SBD and 24-carat gold price / gram positive impact.
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This thesis is presented as one of the academic requirements for a Master degree in Management Study at the Graduate Program Master of Management University Bhayangkara Jakarta Raya, May 2001, Suripto, Drs.
This thesis research has the objective to analyze the risk and return and the factors that affect stock prices in the sector Telecommunications infrastructure in the Jakarta Stock Exchange. This research was also based on secondary data obtained from the 2 Telecommunications infrastructure company, which is PT.Indosat, Tbk and PT.Telekomunikasi Indonesia, Tbk the JSE during the 58 months (December 1995 - September 2000). In addition secondary data obtained from the Central Bureau Statustik, namely: Inflansi, Exchange Rate (Rp / $) and 24-carat gold prices / gram, while data on Deposit Interest Rates / SBD (USD / 1 month) obtained from Bank Indonesia.
Analysis tool used is multiple regression analysis (multiple regression) for each share of telecommunications infrastructure and using computer programs MICROSOFT Exel 97 version 7.0 for multiple regression. Hypothesis testing where the relationship between risk and return, the relationship between stock prices and the factors that influence it, in the case of Deposit Interest Rate (USD / 1 month), Inflation, Exchange Rate (Rp / $) and the price of 24 carat gold / gram. Both these relationships using correlation techniques of Pearson product moment. Based on the hypothesis of this thesis, the higher the level of results (return) is expected, the higher the risk. Ups and downs of Deposit Interest Rate (SBD), Inflation, Exchange Rate (Rp / $) and 24-carat gold price / gram effect on stock prices falling telecommunications infrastructure. In this case SBD negative effect, negative effect Inflation, Exchange Rate (Rp / $) is positive and the price of 24 carat gold / gram negative effect.
This thesis research results show increasingly greater return PT.Indosat shares, or shares PT.Telekomunikasi Tbk Indonesia, Tbk the greater the risk. Total Risk Portfolio shares of the telecommunications sector in the JSE inftrastruktur using Markowitz method Diversification is the correlation coefficient of 39.05 PT.Indosat stock return, stock return Tbk and PT.Telekomunikasi Indonesia, Tbk is 0.62 means that there is a strong relationship between return both, because both share are on the same sector of the telecommunications infrastructure sector.
Based on regression analysis of factors that affect stock prices PT.Indosat, Tbk the SBD and 24 carat gold prices / gram, and Exchange Rate (Rp / US $) has a positive effect on stock prices, while the negative effect of inflation. To PT.Telekomunikasi Indonesia, Tbk inflation and exchange rate negatively affect the stock price while the SBD and 24-carat gold price / gram positive impact.
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This thesis is presented as one of the academic requirements for a Master degree in Management Study at the Graduate Program Master of Management University Bhayangkara Jakarta Raya, May 2001, Suripto, Drs.
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