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The research aims to finding empirical evidence on fundamental factor effects on manufacturing company at Indonesia Stock Exchange Market. The external factors are interest rate (TBD), foreign exchange (KMU) and the internal factors are Receivable Turnover (RT), Quick Ratio (QR), Debt to Total Asset (DTA), Return on Equity (ROE), Price Earning Ratio (PER). The data are obtained from economic and financial statistic issued by Indonesian Bank and Indonesian Capital Market Directory (ICMD) which was researched from 2004 to 2007. The populations were all of the manufacturers listed in Indonesia Stock Exchange Market (BEI) as many as 147 companies and 17 companies were sampled by utilizing purposive sampling. The techniques used to analyze is Double Linear Regression to get the impact of independent variables on dependent variables. The hypothesis is measured by F test and t test. Based on the research simultaneously it is proved that TBD and KMU, RT, QR, DTA, ROE and PER significantly influence on Yield of the manufacturers listed in Indonesia Stock Exchange Market. The independent variabels can explain Yield variabel is 28.90% and 71,10% be affected by others excluded in this model. Partially, only Return on Equity (ROE) and Price Earning Ratio (PER) variables influence significantly on Yield whereas Interest Rate (TBD), Foreign Exchange (KMU) and The Internal Factors are Receivable Turnover (RT), Quick Ratio (QR), and Debt to Total Asset (DTA) have effect and insignificantly influence on Yield of the manufacturers listed in Indonesia Stock Exchange Market. The research shows that among seven fundamental variables which have dominant influence on Yield in manufacturing industry listed in BEI is Return on Equity (ROE). Thus, Return on Equity (ROE) can be used as guidance in managing companies and for investors in making external and internal factor analysis to get return on stocks.
Kata kunci: faktor eksternal, faktor internal, yield
