The Analysis of Systematic Risk and Expected Return of Stock of Property and Real Estate Sector in Jakarta Stock Exchange

Abstract

Budiyarto, 2006, The Analysis of Systematic Risk and Expected Return of Stock of Property and Real Estate in Jakarta Stock Exchange. Jogjakarta. Accounting Department. Faculty ofEconomics. Islamic University ofIndonesia. The main purpose of apublic company in conducting its operation is to maximize its shareholders' wealth or expected return. Considering in conducting this goal it will follows by risk. Higher risk that shareholder receive, higher expected return they will ask for. Risk it selfdivided into 2: systematic risk and unsystematic risk. This thesis was using single index method to analyze the relation between systematic risk and expected return of property and real estate in Jakarta Stock Exchange. The researcher used daily stock price from only 5 companies that have the most active stock trading in the current time.