THE INFLUENCE OF DEBT-TO-EQUITY RATIO, RETURN ON EQUITY, AND COMPANY SIZE ON STOCK RETURNS IN PHARMACEUTICAL SUBSECTOR COMPANIES LISTED ON THE IDX FOR THE 2018-2023 PERIOD

Authors

Alang Buwana Nurfahlefi Mardi Taruna Universitas Singaperbangsa Karawang
Nesti Hapsari Universitas Singaperbangsa Karawang

DOI:

Keywords:

Debt To Equity Ratio, Return On Equity, Company Size, Stock Returns.

Abstract

This research aims to determine and test the influence of Debt to Equity Ratio, Return on Equity, and company size on stock Returns. The population in this research is pharmaceutical subsector companies listed on the Indonesian Stock Exchange in 2018 - 2023. The sample was determined using a purposive sampling method, of which 8 companies were used as research samples. The data analysis technique used is descriptive and verification analysis with a quantitative approach. The hypothesis testing used is a multiple linear regression model as well as partial and simultaneous tests. Testing is assisted with SPSS 27 software. The research results show that partially the Debt to Equity Ratio and company size have no effect on stock Returns, while Return on Equity has an effect on stock Returns. Simultaneously, Debt to Equity Ratio, Return on Equity, and company size influence stock Returns. From the results of testing the coefficient of determination, it shows that changes in stock Returns are influenced by the Debt to Equity Ratio, Return on Equity, and company size by 0.125 or the equivalent of 12.5%, while the remaining 87.5% is influenced by other variables not discussed in this research.

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