PENGARUH RASIO PROFITABILITAS DAN RASIO PASAR TERHADAP RETURN SAHAM

Abstract

Financial statement becomes one of the information which is used by investor in having transaction at capital
market. While, based
on companies’ financial statement, its performance in making used some business activities
efficiently and effectively can be measured. Therefore, this research aimed to find out whether profitability and market
ratio affected on stock return of paper companies which were listed on Indonesia Stock Exchange or not. The
population was paper companies which were listed on Indonesia
Stock Exchange during 2016-2018. Moreover, the
data collection technique used
purposive sampling, in which the sample was based on criteria given. Furthermore,
the instrument used companies’ documents which were observed. Additionally, the data analysis technique used
multiple linear regressions. The research result concluded Return On Asset did not affect stock return of paper
companies. Likewise, Return On Equity did not affect stock return of paper companies. Similarly, Price Earnings
Ratio did not affect stock return of paper companies. On the other hand, Earning Per Share affected stock return of
paper companies.

Keywords: return on asset, return on equity, earning per share, price earning ratio, stock return