PENULIS
TANGGAL
ABSTRAK
Ininvestingstocks,investorsincapitalmarketalwayscontendrisks.Generally,therisks intendedareuniqueriskandsystematicrisk.Uniqueriskcanbediversifiedbyformingstockportfolio. Ontheotherhand,systematicriskcannotbeeliminatedbydoingit.Therefore,thisriskisrelevantfor investorstobeconsidered.Becauseofthisrelevancy,variablescausingthisriskneedtobeinvestigated. Tofulfillthiscondition,thisstudyisconducted.Thisstudyaimstotesttheimpactofliquidity,debt policy,profitability,andfirmsizeonsystematicriskoffirmstock.Thepopulationinthisstudyisnon- financialfirmsformingthefiftymostactivefirmsbasedonstocktradingfrequencyonIndonesiaStock Exchangein2011to2014.Firmassamplearetakenfromthepopulationbyusingstratifiedrandom samplingmethod.Regressionmodelwithpoolingdataisusedasdataanalysismethod.Theresultof thisstudyshowsliquiditydoesnotimpactonsystematicrisk,debtpolicyhasapositiveimpactonsystematicriskwhereasprofitabilityandfirmsizehaveanegativeimpactonsystematicrisk.Keywords: Debt policy, profitability, firm size, systematic risk