THE EFFECT OF PROFITABILITY, SOLVENCY, LIQUIDITY AND FIRM SIZE ON STOCK RETURN
Kata Kunci:
Stock Returns, Profitability, Solvency, Liquidity, Firm SizeAbstrak
Changes in stock return can be determined by the financial performance of companies that are projected in the company's financial statements. The purpose of this study was to determine the effect of financial performance that seen from the level of profitability, solvency, liquidity and firm size on stock returns at the industrial sector in Indonesia Stock Exchange This research is a quantitative and researched in the Indonesia Stock Exchange. Samples were selected using purposive sampling and obtained a total sample of 21 samples. The analytical method in this study used the Smart PLS software by performing a comparison of the PLS. From this study, it can be concluded that profitability have significant effeck on stock returns, while solvency, liquidity and firm size have no significant effect on stock returns.
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Referensi
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Pratiwi, N. P. T. W., & Putra, I. W. (2015). The Influence of Financial Ratios, Company Size, Cash Flow from Operating Activities on Stock Returns. Udayana University Accounting E-Journal, 11(2).
Putra, I., & Dana, I. (2016). The Influence of Profitability, Leverage, Liquidity and Company Size on Stock Returns of Pharmaceutical Companies in Bei. Udayana University Management E-Journal, 5(11).
Putro, R. R. T. (2020). The Influence of Debt to Asset Ratio, Return on Assets, Earning Per Share on Stock Returns (Case Study of Construction and Building Subsector Companies Listed on the IDX). STEI Economics, XX(XX).
Raningsih, N. K., & Putra, I. M. P. D. (2015). The Influence of Financial Ratios and Company Size on Stock Returns. Udayana University Accounting E-Journal, 13.
Rohpika, D., & Fhitri, N. (2020). The Influence of Cr, Dar, Der, Pbv on Stock Returns in Plantation Subsector Companies Listed on the Indonesian Stock Exchange for the 2016 - 2017 Period. Journal of Management, Science Economics, 1(1).
Sawir, A. (2015). Financial Performance Analysis and Company Financial Planning. Jakarta: Gramedia Pustaka Utama.
Supriyono, R. A. (2018). Behavioral Accounting. Gajah Mada University Press.
Susanto Salim, C. (2020). The Influence of Dividend Yield, Sales Growth, Firm Value, Firm Size on Stock Returns. Journal of Accounting Paradigm, 2(4). https://Doi.Org/10.24912/Jpa.V2i4.9331
Sutapa, I. N. (2018). The Influence of Ratios and Financial Performance on Share Prices on the Lq45 Index on the Indonesia Stock Exchange (BEI) for the 2015-2016 Period. KRISNA: Accounting Research Collection, 9(2). https://Doi.Org/10.22225/Kr.9.2.467.11-19
Tandelilin, E. (2017). Capital Markets: Portfolio Management and Investment. Yogyakarta: PT. Canisius. Tumonggor, M., Murni, S., & Rate, P. V. (2017). Analysis of the Effect of Current Ratio, Return On Equity, Debt To
Equity Ratio and Growth on Stock Returns in the Cosmetics and Household Industry Listed on the IDX for the 2010-2016 Period. EMBA Journal, 5(2).
Winedar, M. (2020). The Influence of Financial Ratios on Stock Returns in Idx 30 Companies Listed on the Indonesian Stock Exchange in 2018. Journal of Accounting and Taxation Analysis, 4(1). https://Doi.Org/10.25139/Jaap.V4i1.2532
Yes, C. M. R. U., & Aliamin. (2018). The Influence of Debt to Equity Ratio, Earning Per Share, and Company Size on Sharia Stock Returns in Companies Listed on the Jakarta Islamic Index (JII) 2011-2015. Scientific Journal of Accounting Economics Students (JIMEKA), 3(4).
Zulfiqar. (2016). Introduction to Capital Markets with a Statistical Approach.Pdf. In Introduction to Capital Markets with a Statistical Approach/ By Zulfikar.
Fahmi, I. (2012). Investment Management. Salemba Four.
Ghozali, I. (2016). Multivariate Analysis Application with SPSS Program. Diponegoro University Publishing Agency.
Hartono, J. (2016). Portfolio Theory and Investment Analysis Tenth Edition. Yogyakarta: BPFE UGM. Henry. (2016). Integrated & Comprehensive Edition Financial Report Analysis. In Grasindo.
Karla, K., Marpaung, R., Saragih, O. L., Tobing, N. B., & Malau, Y. N. (2020). The Influence of CR, NPM, DAR, and ITO on Stock Returns in Consumer Goods Companies Listed on the IDX. Owner (Research and Accounting Journal), 4(2). https://Doi.Org/10.33395/Owner.V4i2.275
Cashmere. (2012). Financial Report Analysis. PT. Rajawali Press. Cashmere. (2016). Financial Report Analysis (First). Rajawali Press. Cashmere. (2017). Analysis of financial statements. Raja Grafindo Persada.
Kumala, D. (2020). The Effect of Profitability on Stock Returns with Company Value as a Mediating Variable in the Indonesian Sharia Stock Index in the Consumer Goods Industry Sector for the 2013-2017 Period. I- Finance: A Research Journal On Islamic Finance, 6(2). https://Doi.Org/10.19109/Ifinance.V6i2.7040
Mayuni, I. A. I., & Suarjaya, G. (2018). The Influence of Roa, Firm Size, Eps, and Per on Stock Returns in the Manufacturing Sector in Bei. Udayana University Management E-Journal, 7(8).
Noviyanti, L., & Zarkasyi, M. W. (2021). The Influence of Net Profit Margin (NPM) and Debt to Assets Ratio (DAR) on Stock Returns. Journal of Economics, Business and Accounting (COSTING), 4(2). https://Doi.Org/10.31539/Costing.V4i2.2042
Parawansa, D. S., Rahayu, M., & Sari, B. (2019). The Influence of ROA, DER, and SIZE on Stock Returns in Companies Listed on the IDX. IKRA-ITH Economics Journal, 4(2).
Pratiwi, N. P. T. W., & Putra, I. W. (2015). The Influence of Financial Ratios, Company Size, Cash Flow from Operating Activities on Stock Returns. Udayana University Accounting E-Journal, 11(2).
Putra, I., & Dana, I. (2016). The Influence of Profitability, Leverage, Liquidity and Company Size on Stock Returns of Pharmaceutical Companies in Bei. Udayana University Management E-Journal, 5(11).
Putro, R. R. T. (2020). The Influence of Debt to Asset Ratio, Return on Assets, Earning Per Share on Stock Returns (Case Study of Construction and Building Subsector Companies Listed on the IDX). STEI Economics, XX(XX).
Raningsih, N. K., & Putra, I. M. P. D. (2015). The Influence of Financial Ratios and Company Size on Stock Returns. Udayana University Accounting E-Journal, 13.
Rohpika, D., & Fhitri, N. (2020). The Influence of Cr, Dar, Der, Pbv on Stock Returns in Plantation Subsector Companies Listed on the Indonesian Stock Exchange for the 2016 - 2017 Period. Journal of Management, Science Economics, 1(1).
Sawir, A. (2015). Financial Performance Analysis and Company Financial Planning. Jakarta: Gramedia Pustaka Utama.
Supriyono, R. A. (2018). Behavioral Accounting. Gajah Mada University Press.
Susanto Salim, C. (2020). The Influence of Dividend Yield, Sales Growth, Firm Value, Firm Size on Stock Returns. Journal of Accounting Paradigm, 2(4). https://Doi.Org/10.24912/Jpa.V2i4.9331
Sutapa, I. N. (2018). The Influence of Ratios and Financial Performance on Share Prices on the Lq45 Index on the Indonesia Stock Exchange (BEI) for the 2015-2016 Period. KRISNA: Accounting Research Collection, 9(2). https://Doi.Org/10.22225/Kr.9.2.467.11-19
Tandelilin, E. (2017). Capital Markets: Portfolio Management and Investment. Yogyakarta: PT. Canisius. Tumonggor, M., Murni, S., & Rate, P. V. (2017). Analysis of the Effect of Current Ratio, Return On Equity, Debt To
Equity Ratio and Growth on Stock Returns in the Cosmetics and Household Industry Listed on the IDX for the 2010-2016 Period. EMBA Journal, 5(2).
Winedar, M. (2020). The Influence of Financial Ratios on Stock Returns in Idx 30 Companies Listed on the Indonesian Stock Exchange in 2018. Journal of Accounting and Taxation Analysis, 4(1). https://Doi.Org/10.25139/Jaap.V4i1.2532
Yes, C. M. R. U., & Aliamin. (2018). The Influence of Debt to Equity Ratio, Earning Per Share, and Company Size on Sharia Stock Returns in Companies Listed on the Jakarta Islamic Index (JII) 2011-2015. Scientific Journal of Accounting Economics Students (JIMEKA), 3(4).
Zulfiqar. (2016). Introduction to Capital Markets with a Statistical Approach.Pdf. In Introduction to Capital Markets with a Statistical Approach/ By Zulfikar.
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2025-03-31
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