PENGARUH PROFITABILITAS, LIKUIDITAS, SOLVABILITAS DAN KEBIJAKAN DIVIDEN TERHADAP RETURN SAHAM (STUDI KASUS PADA PERUSAHAAN PROPERTI)

Abstract

Currently, stocks in the property sector have experienced a severe weakening due to the pandemic of COVID-19. As consequence, many companies in the property sector suffer losses. This research aimed to find out whether profitability, liquidity, solvability and dividend policy affected the stock return of property companies as methdod. This research was quantitative with purposive sampling method, i.e., a sample collection from population based on the certain criteria which was property company listed on the Indonesia Stock Exchange (IDX) in the period of 2016-2020 and present the annual financial statements for the 2016 – 2020 period in a row. Furthermore, this research used secondary data which was obtained from The Indonesia Stock Exchange (IDX) already audited during 2016-2020. This research indicated that the variable of profitability, liquidity and solvability had a significant negative effect on the stock return. Moreover, the dividend policy variable did not have any significant effect on the stock return. It also showed that determination coefficient (R2) was 37.3% it means that the research model were able to described the 37.3% from the overall taken data.