ANALISIS PENGARUH DAN PERBEDAAN KINERJA AKUNTANSI PERUSAHAAN PROSPEKTOR DAN DEFENDER TERHADAP RETURN SAHAM

Wulandari, Fransisca Maria (2010) ANALISIS PENGARUH DAN PERBEDAAN KINERJA AKUNTANSI PERUSAHAAN PROSPEKTOR DAN DEFENDER TERHADAP RETURN SAHAM. S1 thesis, Universitas Mercu Buana.

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Abstract

This research analyzed the influence and the difference from accounting performance of Prospector and Defender on abnormal return. The research used life cycle theory to help explain the implications of organizational strategy. To classify the Prospector and Defender firms, then conducted by factor analysis using four variables: KARPEN (the ratio of employee divided by sales), PBV (market price divided by book value), CETA (capital expenditure divided by total assets), CEMVE (capital expenditure divided by market value) . The factor analysis identified 34 defender and prospector firms from 102 manufacturing firms listed on the Indonesian Stock Exchange. t- test results on the Prospector firm showed that only the variable ROI (Return On Investment) who has the significant influence on the dependent variable (Abnormal Return). While on the Defender firm, each independent variable (income growth, sales growth, dividend pay out, return on investment) has no significant effect on the dependent variable (abnormal returns). Mann Whitney test is used to show the difference from accounting performance measures between Prospector and Defender firms. Performance measurement used is Income Growth, Sales Growth, Dividend Payout, and Return on Investment. Mann Whitney test results showed that average Income growth, sales growth and ROI on the Prospector firms is greater than the Defender firms. While the average Dividend Payout on the Prospector firms is Smaller than the Defender firms. Keywords : Prospector and Defender, Life Cycle Theory, Common Factor Analysis, Income Growth, Sales Growth, Dividend Pay Out, Return On Investment, Abnormal Return Penelitian ini menganalisis pengaruh dan perbedaan kinerja akuntansi Perusahaan Prospektor dan Defender terhadap return saham. Penelitian ini menggunakan pendekatan teori daur hidup untuk membantu menjelaskan implikasi strategi organisasional. Untuk mengklasifikasikan perusahaan Prospektor dan Defender maka dilakukan analisis faktor dengan menggunakan empat variable: KARPEN(total karyawan dibagi total penjualan), PBV(harga pasar dibagi nilai buku), CETA (capital expenditure dibagi total asset), CEMVE(capital expenditure dibagi nilai pasar). Dari analisis faktor diidentifikasi masing-masing 34 perusahaan bertipologi defender dan prospektor dari 102 perusahaan pemanufakturan yang terdapat di Bursa Efek Indonesia. Hasil Uji t pada perusahaan Prospektor menunjukkan bahwa hanya variable ROI saja yang memiliki pengaruh signifikan terhadap variabel dependen (Abnormal Return). Sedangkan pada perusahaan defender masing- masing variabel independen( pertumbuhan laba, pertumbuhan penjualan, Dividen Payout, Return on Investment) tidak memiliki pengaruh yang signifikan terhadap variabel dependent (Abnormal Return). Uji Mann Whitney digunakan untuk menunjukan perbedaan pengukuran kinerja akuntansi diantara perusahaan Prospektor dan Defender.Pengukuran kinerja yang digunakan adalah Pertumbuhan Laba, Pertumbuhan Penjualan, Dividen Payout, dan Return on Investment. Hasil uji Mann Whitney menunjukkan bahwa rata-rata Pertumbuhan Laba, Pertumbuhan Penjualan dan ROI pada perusahaan Prospektor lebih besar daripada perusahaan Defender. Sedangkan rata-rata Dividen Payout perusahaan Prospektor lebih kecil daripada perusahaan Defender. Kata Kunci : Prospektor dan Defender, Life Cycle Theory, Common Factor Analysis Pertumbuhan Laba dan Penjualan, Dividen Pay Out, .Return on Investment, Abnormal Return.

Item Type: Thesis (S1)
Call Number CD: FE/AK.10 319
Call Number: SE/AK/10/401
NIM/NIDN Creators: 43205120094
Uncontrolled Keywords: Prospektor dan Defender, Life Cycle Theory, Common Factor Analysis Pertumbuhan Laba dan Penjualan, Dividen Pay Out, .Return on Investment, Abnormal Return.
Subjects: 000 Computer Science, Information and General Works/Ilmu Komputer, Informasi, dan Karya Umum > 020 Library and Information Sciences/Perpustakaan dan Ilmu Informasi > 025 Operations, Archives, Information Centers/Operasional Perpustakaan, Arsip dan Pusat Informasi, Pelayanan dan Pengelolaan Perpustakaan > 025.1 Administration and Library Management/Administrasi dan Manajemen Perpustakaan > 025.11 Finance/Keuangan
600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan
600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 657 Accounting/Akuntansi
Divisions: Fakultas Ekonomi dan Bisnis > Akuntansi
Depositing User: Admin Perpus UMB
Date Deposited: 25 Nov 2010 10:42
Last Modified: 27 Nov 2025 07:03
URI: http://repository.mercubuana.ac.id/id/eprint/23433

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