Effect Of Operating Leverage, Growth Asset, And The Size Of The Company To Systematic Risk Siti Nur Azizah 1 , Akhris Fuadatis Sholikha 2 , Bagus Panuntun 3 , Nurhadi Kamaluddin 4 , Ivon Silviana 5 {sitinurazizah@ump.ac.id 1 , akhrisfuadatis@iainpurwokerto.ac.id 2 , bagus.panuntun@uii.ac.id 3 , nurhadikamaluddin84@gmail.com 4, Ivonsilviana11@gmail.com 5 } 1,5 Faculty of Economic and Business Universitas Muhammadiyah Purwokerto 2 Faculty of Islamic Economic and Business IAIN Purwokerto 3 Faculty of Business and Economics, Universitas Islam Indonesia 4 Accounting Department Politeknik Muhammadiyah Tegal Abstract: This study aims to empirically prove the effect of operating leverage, growth asset, and the size of the company to systematic risk as to the dependent variable. The sample in this study was agricultural sector companies listed on the Indonesia Stock Exchange in 2015-2018 by using a purposive sampling method. The data analysis technique used is multiple linear regression analysis with SPSS 25. The results of this study show that operating leverage and growth asset do not effect on systematic risk, while the size of the company does not effect on systematic risk. The implication of this research is as a basis for consideration for potential investors who will invest in the agricultural sector. Keywords: Operating Leverage, Growth Asset, The size of the company, and Systematic Risk. 1. Introduction The purpose of investors in investing is to obtain returns in the future and improve investor welfare. Welfare in this case is monetary welfare, which can be measured by the sum of current income plus future income [1]. In stock investment, the income derived from the results of this investment can be in the form of dividends and capital gains. Before investing in shares in the capital market will collect as much relevant information as possible that will be useful for decision making. The information collected can be in the form of company performance such as company financial statements or macro-economic factors that effect the company. Investors in making every investment decision always try to minimize the various risks that arise, both short-term risks and long-term risks [2]. The step of minimizing the risks arising in investment decides investors to the actions and strategies to keep getting the expected return. According to [1] there are two types of risks namely, systematic risk known as market risk or general risk is the risk associated with changes that occur in the market as a whole and can not be diversified. According to [3] systematic risk can occur due to macro-economic, industrial, and company characteristics. To measure systematic risk, beta coefficients are used. Beta security is an important thing to analyze security or portfolio. The Beta security shows the sensitivity of the level of profit of security to market changes. While unsystematic risk is a risk that can be eliminated by forming a good portfolio. ICBAE 2020, August 05-06, Purwokerto, Indonesia Copyright © 2020 EAI DOI 10.4108/eai.5-8-2020.2301087