PENGARUH PROFITABILITAS, FINANCIAL CONSTRAINT DAN LEVERAGE TERHADAP RETURN SAHAM PADA SEKTOR PROPERTI DI INDONESIA

  • Christian Andersen Hartono
  • Endah Sulistyowati
Keywords: profitability, financial constraint, leverage, stock return, property

Abstract

This research aimed to find out clearly about the effect among profitability, financial constraint and leverage as independent variables, on stock return as dependent variables; of Property, Real Estate and Building Construction companies which were listed on Indonesia Stock Exchange (IDX) during 2015-2019. Besides, it determined to support investment activities within Property, Real Estate and Building Construction companies and facilitated them to increase stock return through the increase of profitability, financial constraint and leverage decline. The data collection technique used purposive sampling, in which the sample was observed for 5 years and presented their financial statements in the last five years in a row since 2015-2019. Moreover, there were 163 samples taken from 55 companies. Furthermore, the data analysis technique used multiple linear regression with SPSS 27. In addition, the research result concluded that profitability as well as financial constraint had a positive and significant effect on stock return. On the other hand, leverage had a negative and significant effect on stock return.
Keywords: profitability, financial constraint, leverage, stock return, property

Published
2021-09-13