Determinan Risk Premium Pada Saham Non-Banking & Finance LQ45
DOI:
https://doi.org/10.63607/jcmb.v13i3.29Keywords:
risk premium, debt to equity ratio, volatilitas saham, suku bunga, LQ45Abstract
Penelitian ini bertujuan untuk menganalisis pengaruh debt to equity ratio (DER), volatilitas saham, dan suku bunga terhadap risk premium pada saham perusahaan non-bank dan non-keuangan yang tergabung dalam indeks LQ45 di Bursa Efek Indonesia selama periode 2015–2024. Risk premium merupakan kompensasi tambahan yang diminta investor atas risiko investasi yang melebihi tingkat pengembalian bebas risiko. Metode data panel dengan fixed effect model (FEM), dimana pengolahannya menggunakan aplikasi EViews. Penelitian ini memberikan hasil bahwa secara simultan DER, volatilitas saham, dan suku bunga berpengaruh signifikan terhadap risk premium. Variabel DER dan suku bunga berpengaruh negatif signifikan terhadap risk premium, sementara volatilitas saham tidak berpengaruh signifikan terhadap risk premium.
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