PENGARUH RASIO PASAR, PROFITABILITAS, LEVERAGE, DAN KEBIJAKAN DIVIDEN TERHADAP RETURN SAHAM

Abstract

Stock return is a kind of profit which is gained by investors from their investments activities. Therefore, every investment, either short or long term, has main objctives namely having some profits. This research aimed to examine the effect of market, profitability, leverage and devidend policy on stock return; which were measured by Earning Per Share (EPS), Return On Equity (ROE), Debt to Equity Ratio (DER) and Devidend Payout Ratio (DPR). The population was Real Estate and Property companies which were listed on Indonesia Stock Exchange 2015-2019. Moreover, the data collection technique used purposive sampling. In line with, there were 9 companies as the sample. Furthermore, the data analysis techique used multiple linear regression with SPPS 21. The research result concluded that market, leverage and devidend policy did not affect stock return. It meant, earning per share did not become a consideration for investors. Besides, devidend sharing was not relevant since investors were more likely to have capital gains. Additionally, they would consider how much profit which companies earned than its capital; to have investments. In addition, profitability was the higher the companies’ return stock would be.
Keywords: market, profitability, leverage, devidend policy, stock return