Current Ratio, Debt to Equity Ratio, Return on Equity, Dividend Payout Ratio dan Size terhadap Return Saham Perusahaan Trade, Service & Investment Indonesia

  • Annisa Nauli Sinaga Universitas Prima Indonesia, Medan
  • Eric Eric Universitas Prima Indonesia, Medan
  • Rudy Rudy Universitas Prima Indonesia, Medan
  • Valencia Wiltan Universitas Prima Indonesia, Medan

Abstract

Large companies (Size) have more stable sales and established assets so that the ability to get greater profits. This is one of the attractions for investors thereby increasing stock returns. This study aims to analyze and test whether Current Ratio (CR), DER, ROE, Dividend Payout Ratio & Size affect the stock returns on trade, service & investment companies listed on the Stock Exchange for the 2016-2018 period. This research is a deductive, quantitative and descriptive approach. The total population of trade, service & investment companies listed on the Stock Exchange is 144 companies. The technique of determining the sample using consideration samples so that the samples obtained by 36 companies. Analysis of the data to be tested multiple linear regression and test the classical assumptions. The results of the study individually Current Ratio (CR), Return on Equity (ROE), Dividend Payout Ratio and Size have a positive effect on stock returns while DER has no effect on stock returns. Together, Current Ratio, DER, ROE, Dividend Payout Ratio and Size have a significant effect on stock returns on trade, service & investment companies listed on the Stock Exchange in the 2016-2018 period.

Keywords : Current Ratio, Debt to Equity Ratio, Return on Equity, Dividend Payout Ratio, Size and Stock Return

 

References

Aisah, A. N. & Mandala, K. (2016). Pengaruh ROE, EPS, Firm Size dan Operating Cash Flow terhadap Return Saham. E-Jurnal Manajemen Unud, 5(11), 6907–6936.

Dewi, N.L.P.S.U. & Sudiartha, I.G.M. (2019). Pengaruh Profitabilitas, Likuiditas, Leverage, dan Ukuran Perusahaan Terhadap Return Saham Pada Food And Beverage. E-Jurnal Manajemen Unud, 8(2). 7892 – 7921.

Estuari, A. (2010). Pengaruh Current Ratio (CR), Debt to Equity Ratio (DER), Return on Investment (ROI), Earning per Share (EPS) dan Dividend Payout Ratio (DPR) terhadap return saham Perusahaan di Bursa Efek Indonesia. Doctoral dissertation. Diponegoro University.

Musthafa. (2017). Manajemen Keuangan. Yogyakarta. CV. Andi Offset.

Puspitadewi, C.I.I. & Henny, R. (2016). Pengaruh DER, ROA, PER dan EVA Terhadap Return Saham Pada Food and Beverages di BEI. E-Jurnal Manajemen Unud 5(3), 1429-1456.

Sugiarti. (2015). Pengaruh Kinerja Keuangan Perusahaan terhadap Return Saham (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia). Jurnal Aplikasi Manajemen (JAM) 13(2), 282-298.

Susanty, D. & Elvin Bastian. (2018). Pengaruh Kinerja Keuangan dan Ukuran Perusahaan Terhadap Return Saham Sektor Pertambangan di BEI Periode 2010 – 2016. Jurnal Riset Akuntansi 3(1), 20-44.

Yulianti, E.B. & Suratno. (2015). ROE, DER, PER, Asset Growth, Inflasi dan Return Saham Perusahaan Property dan Real Estate. Jurnal riset Akutansi dan Perpajakan JRAP, 153 – 166.
Published
2020-04-20
Abstract viewed = 646 times
PDF downloaded = 776 times