Rasio Likuiditas dan Risiko Sistematik Pasar Saham LQ45 di Bursa Efek Indonesia

Abstrack :Many researchs show that there is a relationship between financial ratios and market risk, both partially and simultantly. Basically, this risk can be divided in two aspects. There are systematic risk and non-systematic risk. Liquidity ratio is one of those financial ratios. This research is to show the relationship between the liquidity ratio and the systematic market risk. By using LQ45 stocks, for the period of August 2006 to January 2007, it is concluded that there is positive relationship between liquidity ratio and systematic market risk  for the year of 2003 and 2004, but there is no relationship between both variables in 2004. Furthermore, this ratio is not enough to elaborate the market risk. It is sugested that in order to clarify the systematic market risk, all financial ratios is better used comprehensively to show the risk.