PENGARUH LEVERAGE, PROFITABILITAS, UKURAN PERUSAHAAN, DAN LIKUIDITAS TERHADAP RETURN SAHAM

Abstract

This research aimed to examine the effect of leverage, profitability, firm size, and liquidity on stock return of manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2019 - 2021. Leverage was measured by Debt to Equity Ratio, Profitability was measured by Return On Assets, firm size was measured by Logaritm Natural Total Asset, and liquidity was measured by Current Ratio. The research was quantitative. Moreover, the data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 115 manufacturing companies as the sample. Furthermore, the data of financial statements and information of stock price were taken from the official website of IDX and Gallery of Investment of Indonesia Stock Exchange of STIESIA Surabaya. Additionally, the data analysis technique used multiple linear regression with SPSS 26. The result concluded that leverage had a negative effect on stock return. However, profitability, firm size, and liquidity had a significantly positive effect on stock price.