ANALISIS FAKTOR-FAKTOR KEUANGAN TERHADAP RETURN SAHAM (Studi Empiris Perusahaan Terideks LQ45 Periode 2015-2019)

Abstract

This study aims to determine the effect of liquidity, profitability, cash
flow, solvency, and market ratios on stock returns. In this study,
liquidity is proxied by the current ratio, profitability is proxied by the
net profit margin, solvency is proxied by the debt to equity ratio, and
the market ratio is proxied by earnings per share. This research was
conducted on companies listed on the LQ45 index of the Indonesia
Stock Exchange (IDX) for the period 2015-2019. The sampling
technique used in this study was purposive sampling technique. The
sample used in this study were 25 companies and conducted for 5
years to produce 125 data. The data analysis technique used is
multiple linear regression analysis. The results showed that the
variables of liquidity and profitability had an effect on stock returns,
while the variables of cash flow, solvency, and market ratios had no
effect on stock returns.