FUNDAMENTAL FACTORS IN DETERMINING THE VALUE OF THE COMPANY THROUGH SYSTEMATIC RISK

Abstract

The study aimed to identify the influence of Leverage, Asset Size, Exchange Rate and Interest rates for the companies through systematic risk manufacturing company in the Indonesia Stock Exchange. This research used design of explanatory by the use of secondary data in the form of IHSG, Stock Return, Stock prices and data from the financial reports obtained from the manufacture company at the Indonesian stock exchange for 8 years, period of the year 2010 - 2017 that is loaded at the Indonesian Capital Markets Directory, as well as Bank Indonesia. In the entire household sample taken purposively the sampling method of as many as 58 of the company for observation of 8 years, by the use of the path of the analysis. A model the foundation whether it be will be used to analyze current shell the entries in estimating the strength of causal relations essentially and perfectly morally good a direct influence or do not bear it direct interface between exogenous side variables and endogenous .The research results expected to be valuable input for the government in the selection of policy, for investors in decision making investments in a right, in addition, this research result can be key references for some kind of research for the interests of applied sciences and the development of the science.