ABSTRAK Penelitian ini bertujuan untuk menjelaskan pengaruh signifikan dari CR, DER, ROE, TATO, EPS, suku bunga, inflasi, dan nilai kurs terhadap return saham. Penelitian ini dilakukan pada perusahaan sektor food and beverage di Bursa Efek Indonesia (BEI) periode 2012-2016. Jenis data yang digunakan adalah data kuantitatif bersumber dari situs resmi Bursa Efek Indonesia (BEI) dan Bank Indonesia (BI). Jumlah sampel sebanyak 12 perusahaan yang memenuhi kriteria penelitian dengan menggunakan metode purposive sampling. Pengumpulan data menggunakan metode observasi non participan terhadap dokumen berupa laporan keuangan tahunan perusahaan, suku bunga, inflasi dan nilai kurs selama periode 2012-2016. Teknik analisis data yang digunakan adalah analisis regresi linier berganda. Berdasarkan hasil analisis ditemukan bahwa CR, DER memiliki pengaruh negatif dan tidak signifikan terhadap return saham, ROE memiliki pengaruh positif dan signifikan terhadap return saham, TATO, EPS, suku bunga memiliki pengaruh positif dan tidak signifikan terhadap return saham, inflasi, nilai kurs memiliki pengaruh negatif dan signifikan terhadap return saham.   Kata kunci: cr, der, roe, tato, eps, suku bunga, inflasi, nilai kurs, return saham.

This study aims to examine and analyze the effect of local government size, regional original income and capital expenditure on the financial performance of local governments in Badung Regency for the period 2013 - 2017. Data analysis techniques used are multiple linear regression analysis. The results of data analysis show that the size of the local government has a negative effect on the financial performance of local governments. This shows that the size of the local government that is proxied by the total assets owned by the local government has not contributed to the financial performance of the local government. Original regional income has a positive effect on the financial performance of local governments. This shows that the higher the local revenue generated, the higher the financial performance of the local government. And capital expenditure has a positive effect on the financial performance of local governments. This shows that the higher capital expenditure made by the government, the higher the financial performance of local governments. Keywords: size, PAD, capital expenditure, financial performance

This study aims to explain the Indonesian capital market reaction to the announcement of the election vote results and the inauguration of the United States President. The population in this study are companies listed in the index LQ45 Indonesia Stock Exchange period August 2016. Sampling method in this study is nonprobability sampling and total sample are 45 companies. This study uses non-participant observation technique to collect data and event study method with paired t-test analysis techniques to test the significance level of abnormal return. This study finds that (1) there is difference in abnormal return before and after the announcement of the election vote results and (2) there is difference in abnormal return before and after the inauguration of the United States President. The findings indicate that there is market reaction around the announcement of the election vote results and the inauguration of the United States President.

Issues that arise in a decentralized government that is when the allocations are not appropriate in capital expenditure as well as the reception is not optimal (PAD, DBH, DAU, and DAK) PENDAHULUAN Latar BelakangKebijakan pengelolaan keuangan daerah tidak terlepas dari kebijakan desentralisasi dan otonomi daerah dengan pembaharuan subjek pengelolaan keuangan daerah yang ada dalam Undang-undang Nomor 32Tahun 2004 secara ekonomis, efektifitas, dan efisiensi pengelolaan keuangan daerah baik dari sisi pendapatan maupun belanja. Desentralisasi pemerintah daerah kabupaten dan kota menunjukkan kemampuannya dalam pengelolaan terhadap daerahnya masing-masing dalam meningkatkan kinerja mereka. Ini merupakan tantangan bahwa daerah mampu mendesain dan melaksanakan program yang sesuai dengan kondisi lokal yang patut disikapi dengan kepercayaan diri dan tanggung jawab penuh.Desentralisasi fiscal akan memberikan kewenangan yang lebih besar dalam pengelolaan daerah, sedangkan disisi lain memunculkan persoalan baru. Hal tersebut dikarenakan tingkat kesiapan fiskal daerah yang berbeda-beda (Harianto dan Adi, 2007). Persoalan itu muncul ketika alokasi yang tidak tepat dalam belanja modal serta penerimaan yang belum optimal sumber pendapatan yang diterima pemerintah (PAD, DBH, DAU, dan DAK), sehingga tentu saja akan memberikan dampak terhadap kinerja pemerintah daerah tersebut. Serta Blazek dan Maceskova (2010) menghasilkan adanya konflik kepentingan di dalam menentukan sasaran hasil kebijakan.Kinerja keuangan adalah suatu ukuran kinerja yang menggunakan indikator keuangan. Halim (2008) menjelaskan bahwa analisis keuangan adalah usaha mengidentifikasi ciri-ciri keuangan berdasarkan laporan

The purpose of this study was to determine the effect of Capital Adequacy, Liquidity, and Non-Performing Loans on Profitability. This research was conducted at Village Credit Institutions in Denpasar City for the period 2015 to 2017. The number of samples used was 35 LPDs. with saturated sampling method. The data collection method used is the non-participant observation method, namely through observations made on the publication documents of LPD financial report data. Type of data is Quantitative data. The data source used is secondary data. The analysis technique used is multiple linear regression. This study proves that Capital Adequacy and Liquidity have a positive and significant effect on Profitability. This shows that Capital Adequacy and Liquidity affect the increase or increase in profitability, while Non Performing Loans have a negative and significant effect on profitability, this indicates that if there is an increase in Non Performing Loans then Profitability has decreased. Keywords: capital adequacy, liquidity, NPL, profitability