BAB VI KESIMPULAN DAN SARAN
6.2 Saran
Dari kesimpulan yang telah diperoleh dari hasil penelitian ini, maka dapat diberikan beberapa saran sebagai berikut:
1)Bagi calon investor yang akan melakukan investasi di pasar modal, hasil penelitian ini diharapkan berguna sebagai bahan pertimbangan dalam mengambil
128 keputusan investasi. Sebaiknya investor maupun calon investor adalah agar lebihmemperhatikan indikator-indikator lain sebagai pertimbangan dalam melakukan keputusaninvestasi di sektor manufaktur untuk mendapatkan return yang maksimal, misalnya tingkat likuiditas, tingkat profitabilitas, ukuranperusahaan, dan rasio-rasio yang berhubungan dengan investasi, seperti book-to-market value dan dividend payout ratio. Selain itu investor ataupun calon investor harus lebihberhati-hati saat melakukan investasi sebab pasar modal merupakan pasar yang sangat rentanterhadap perubahan yang terjadi di bidang lainnya, seperti bidang sosial, politik dankeamanan baik yang terjadi di dalam maupun luar negeri, sehingga membuat pasar sahammenjadi tidak stabil.
2) Bagi penelitian selanjutnya, dengan penelitian ini diharapkan peneliti selanjutnya dapat memperbesar populasi, tidak hanya di satu sektor saja, guna menambah daya generalisasi dari hubungan beta terhadap return saham. Selain itu, sebaiknya peneliti selanjutnya menggunakan data beta disesuaikan untuk pasar modal berkembang, guna menghindari bias yang terjadi pada beta akibat perdagangan yang tidak sinkron yang terjadi di pasar yang tipis(thin market) di Bursa Efek Indonesia. Sehingga hasil penelitiannya menjadi lebih relevan untuk dijadikan acuan dalam berinvestasi bagi investor ataupun calon investor di Indonesia.
129
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