Pengaruh Profitabilitas, Likuiditas, Dan Leverage Terhadap Return Saham Perusahaan Manufaktur Di Bei

  • Neni Marlina Br purba Universitas Putera Batam

Abstract

The aim of investors is to get profits or returns, both in the long term and in the short term. Therefore, before making an investment, investors can make financial ratios as material considerations to assess the company's performance in making investment decisions. This study aims to analyze the effect of profitability ratios (Return on Assets / ROA), liquidity (Quick Ratio / QR), leverage (Debt to Equity Ratio / DER) on stock returns. The object of this research is the food and beverage industry manufacturing companies listed on the Indonesia Stock Exchange in 2013-2017. ROA, QR, DER, and stock returns are measured through annual reports published by the Indonesia Stock Exchange in 2013-2017. The sample used was 13 companies from 18 listed companies using purposive sampling method, the data analysis method used was descriptive test, classic assumption test consisting of normality, heterocedasticity, autocorrelation and multicollinearity test. While the hypothesis test used is multiple linear regression test with a significance level of 5%, partial test, simultaneous test and coefficient of determination test. The results of this study indicate that partially the ROA has a positive and significant effect on stock returns. QR has a negative and significant effect on stock returns. DER has a positive but not significant effect on stock returns. And simulltan, ROA, QR, DER have a positive and significant effect on stock returns.
Published
2019-11-30