PENGARUH FAKTOR INTERNAL PERUSAHAAN TERHADAP RISIKO SISTEMATIS DENGAN SIZE SEBAGAI MODERASI (Sebuah Studi Terhadap Perusahaan LQ 45 yang Terdaftar di Bursa Efek Indonesia Periode Tahun 2013 – 2017)
Abstract
Systematic risk is a risk that is influenced by macroeconomic factors both
domestically and globally such as interest rates, inflation, exchange rate fluctuations,
global economic competition. This risk cannot be eliminated so the company needs to
anticipate by strengthening the company's internal resilience that is sensitive to
systematic risk. This study focused on analyzing the influence of company internal
factors, namely ROA, DAR, CR, TATO and EPS on systematic risk (Beta) with total
assets as moderation.
The sample used in this study is the LQ 45 company listed on the Indonesia Stock
Exchange in the period 2013-2017. The sampling technique is documentation of
secondary data sourced from the company's Indonesian Security Database (ISMD)
financial statements (balance sheet and profit and loss), processed using the regression
analysis method and the Moderating Regression Analysis (MRA). The sample in this
study were 30 companies that met the requirements in the study.
The results of this study indicate that ROA and TATO have no significant effect
on systematic risk (Beta), while DAR, CR and EPS have a significant effect on
systematic risk (Beta).
The results of this study also indicate that firm size strengthens the relationship
between CR and systematic risk (Beta) and company size does not have a significant
effect on the relationship between ROA, DAR, TATO and EPS with systematic risk
(Beta)