THE INFLUENCE OF FINANCIAL PERFORMANCE ON STOCK RETURN IN RETAIL COMPANY
Downloads
Introduction: Investors need to understand the company's financial performance and other factors to make the right investment decisions. This study aims to analyze the effect of profitability, liquidity, leverage, and firm size on stock returns.
Methods: This research is a quantitative study. A sample of 16 companies was taken purposively from 28 retail companies for the 2016-2020 period. The analytical technique used is multiple linear regression
Results: Profitability (return on assets), liquidity (quick ratio), and firm size have no significant effect on stock returns, while leverage (debt to equity ratio) has a significant positive effect on stock returns.
Conclusion and suggestion: Further researchers can add other variables that are not included in this research model in order to find out the variables that can affect stock returns.
Brigham, F. E., & Houston, F. J. (2019). Dasar-Dasar Manajemen Keuangan (14 ed.). Jakarta: Salemba Empat.
Darmaji, T., & Fakhruddin, H. M. (2012). Pasar Modal di Indonesia (Edisi ketiga ed.). Jakarta: Salemba Empat.
Firmansyah, S., & Purnamasari, L. (2017). Pengaruh profitability, liquidity, leverage, dan interest rates terhadap stock return untuk LQ-45 Index. Journal Business and Banking, 7(1), 77-90.
Hanafi, Mamduh M., & Halim A. (2016). Analisis Laporan Keuangan. Yogyakarta, Indonesia: UPP STIM YKPN.
Handayani, M., Farlian, T., & Ardian. (2019). Firm Size, Market Risk, and Stock Return: Evidence from Indonesia Blue Chip Companies. Jurnal Dinamika Akuntansi dan Bisnis, 6(2), 171-182.
Hery. (2016). Analisis Laporan Keuangan. Jakarta: PT. Grasindo.
Kristina, V.A., & Sriwidodo, U. (2012). Analisis Faktor-Faktor yang Mempengaruhi Return Saham Investor pada Perusahaan Manufaktur di Bursa Efek Indonesia. Jurnal Ekonomi dan Kewirausahaan. 12(1), 1-11.
Kusmayadi, D., Rahman, R., & Abdullah, Y. (2018). Analysis Of The Effect Of Net Profit Margin, Price To Book Value, And Debt To Equity Ratio On Stock Return. International Journal of Recent Scientific Research, 9 (7), 28091-28095.
Peranginangin, A. M. (2015). Faktor-Faktor Yang Mempengaruhi Pertumbuhan Laba Pada Perusahaan Consumer Goods Dengan Ukuran Perusahaan Sebagai Variabel Moderating. Jurnal Akuntansi dan Manajemen), 2(5), 1-18.
Pratiwi, N. P., & Putra, I. W. (2015). Pengaruh Rasio Keuangan, Ukuran Perusahaan, Arus Kas Aktivitas Operasi Pada Return Saham. E-Jurnal Akuntansi, 11(2), 531-546.
Purba, N. M. (2019). Pengaruh Profitabilitas, Likuiditas, Dan Leverage Terhadap Return Saham Perusahaan Manufaktur di BEI. Jurnal Akuntansi Keuangan dan Bisnis, 12(2), 67-76.
Saputra, I. G., & Dharmadiaksa, I. G. (2016). Pengaruh Tingkat Suku Bunga, Nilai Tukar Rupiah, Leverage, dan Profitabilitas pada Return Saham. E-Jurnal Akuntansi Universitas Udayana, 16(2), 1007-1033.
Sriti, N. K., Putra, I. G., & Santosa, M. E. (2021). Pengaruh Arus Kas, Laba Akuntansi, dan Ukuran Perusahaan Terhadap Return Saham pada Perusahaan LQ-45 yang Terdaftar Di Bursa Efek Indonesia. Jurnal Kharisma, 3(2), 319-330.
Sutriani, A. (2014). Pengaruh Profitabilitas, Leverage, Dan Likuiditas Terhadap Return Saham Dengan Nilai Tukar Sebagai Variabel Moderasi Pada Saham lq-45. Journal of Business and Banking, 4(1), 67-80.
Syahyunan (2013). Manajemen Keuangan 1. Medan: USU Press.
Wijaya, D. P., & Sedana, I. B. (2020). Effects of Quick Ratio, Return on Asset and Exchange Rate on Stock Return. American Journal of Humanities and Social Science Research (AJHSSR), 4(1), 323-329.
Wijesundera, A. A., Weerasinghe, D. A., Krishna, T. P., Gunawardena, M. M., & Peiris, H. R. (2016). Predictability of stock returns using financial ratios: empirical evidence from Colombo stock exchange. Kelaniya Journal of Management, 4(2), 44-55.
Yuliantri, N. N., & Sujana, I. K. (2014). Pengaruh Financial Ratio, Firm Size, dan Cash Flow Operating Terhadap Return Share Perusahaan F&B. E-Jurnal Akuntansi Universitas Udayana, 7(3), 547-558.
Copyright (c) 2022 Harlina Meidiaswati, Indrie Gusta Santoso
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with Jurnal Ekonomi dan Bisnis Airlangga agree to the following terms:The journal allows the author to hold the copyright of the article without restrictions.
The journal allows the author(s) to retain publishing rights without restrictions
The legal formal aspect of journal publication accessibility refers to Creative Commons Attribution Share-Alike (CC BY-SA).
Jurnal Ekonomi dan Bisnis Airlangga (JEBA) is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License
