Paket Lengkap Imbas Likuiditas, Leverage, Efisiensi Operasi, Dividend Payput Ratio, Profitabilitas Dan Ukuran Perusahaan Terhadap Risiko Sistematis Dan Non-Sistematis (Studi Pada Perusahaan Non-Keuangan Indeks Lq45 Periode 2012-2016)

Abstract: Risk is a very important part in investment decision. Therefore, any factors that explain the risk dynamics need further research. There are 2 types of investment risk, systematic risk and non-systematic risk. Liquidity, leverage, operating efficiency, dividend payout ratio, profitability, and company size are financial variables that expected to be a determinants of systematic and non-systematic risks.

The objective of this research is to understand the relationship between liquidity, leverage, operating efficiency, dividend payout ratio, profitability, and company size with systematic and non-systematic risks in Indonesia capital markets. This research was done by observing non-finance companies indexed in LQ45 2016 between 2012 to 2016 (5 years).

The result shows that liquidity has a negative and significant effect towards systematic and non-systematic risks. Profitability carries negative and significant effect towards systematic risk, operating efficiency and company size carries negative and significant effect towards non-systematic risk.

Keywords: systematic risk, non-systematic risk, liquidity, leverage, operational efficiency, dividend payout ratio, probability and company size

Penulis: Nana Varian Januardi, Erman Denny Arfianto

Kode Jurnal: jpmanajemendd170788