ANALISIS PENGARUH RASIO LIKUIDITAS, LEVERAGE, PROFITABILITAS, AKTIVITAS DAN PASAR TERHADAP RETURN SAHAM (STUDI KASUS: PERUSAHAAN CONSUMER GOODS PERIODE 2012 – 2016)
Abstract: Research on the
influence of financial ratios has been done. But, there is a gap phenomenon
from the data of consumer goods companies where there is fluctuation or
instability. The consumer goods companies are fairly stable sector because the
product produced in the form of daily necessities products. The purpose of this
study is to analyze the influence ratios of liquidity, leverage, profitability,
activity and market valuation to stock returns of consumer goods companies in
2012 until 2016.
Objects in this study are consumer goods companies listed on the Stock
Exchange Indonesia and has a complete annual reports. The research data sourced
from Indonesian Market Capital Directory (ICMD) period 2012 until 2016. The
selected company is a company that has conducted an Initial Public Offering
(IPO) on the research period. The consumer goods companies throughout the research
period amounted to 40 companies with to be studied for 30 companies research
samples.
The result showed
that the liquidity
ratio measured by
current ratio, leverage
ratio is measured by debt to
equity ratio, profitability ratio is measured by return on equity have a
negative but insignificant effect to stock return. While the activity ratio is
measured by total asset turnover and market ratio as measures by price to book
value have a positif significant effect to stock return.
Keywords: current ratio, debt
to equity ratio, earning per share, total asset turnover, price to book value,
and stock return
Penulis: Nathania Valentine
Boentoro, Endang Tri Widyarti
Kode Jurnal: jpmanajemendd180422
