PENGARUH KINERJA KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN TELEKOMUNIKASI

Abstract

This research aims to determine the influence of financial performance proxyed by using Current Ratio, Debt to Equity Ratio, Net Profit Margin, Market Value Added, and Price Earnings Ratio to stock return on Telecommunication Company which listed in Indonesia Stock Exchange. The population in this research is Telecommunication Company registered in Indonesia Stock Exchange (BEI) during period of 2009 until 2016. The sampling technique using purposive sampling method and based on predetermined criteria, the sample obtained by 4 Telecommunication Company. The analysis method used is multiple linear regression analysis with SPSS 23 application tool. The results showed that the current ratio has negative and not significant influence on stock return, Debt to Equity Ratio has negative and significant influence to stock return. While Net Profit Margin, Market Value Added, and Price Earnings Ratio partially positive and not significant influence on stock return.
Keywords: financial performance, stock return, telecommunication company.