ANALISIS PENGARUH KINERJA KEUANGAN TERHADAP RETURN SAHAM PERUSAHAAN ROKOK YANG GO PUBLIC

Abstract

The purpose of this research is to examine the influence of financial performance which can be seen
from Current Ratio, Debt to Equity Ratio, Return on Equity, Earning per Share and Price Earnings
Ratio either simultaneous or partial to the stock return. The data is the secondary data of Cigarettes
Companies which have gone public which are listed in Indonesia Stock Exchange. The result of the
partial test shows that current ratio and return on equity have positive and significant influence,
meanwhile debt to equity ratio and price earnings ratio have negative significant influence and
earning per share has negative insignificant influence to the stock return. The coefficient
determination shows that the stock return variability can be explained by the variability of CR, DER,
ROE, EPS and PER, the remaining can be explained by others variables outside of the regression
models. The coefficient determination partial is the variable of PER which has dominant influence to
the stock return.
Keywords: financial performance, stock Return, Cigarette Companies