PENGARUH LIKUIDITAS, PROFITABILITAS, LEVERAGE, DAN AKTIVITAS TERHADAP RETURN SAHAM PERUSAHAAN PERTAMBANGAN DI BEI

Abstract

This research aimed to find out the effect of liquidity, profitability, leverage, and activity on stock return of mining companics which were listed on Indonesia Stock Exchange (IDX) during 2015-2018. While the liquidity was measured by Current Ratio (CR), profitability was measured by Return On Asset (ROA), leverage was measured by Debt to Equity Ratio (DER), and activity was measured by Total Asset Turnover (TATO). Moreover, the data were secondary in the form of a financial statement. The data collection technique used purposive sampling, in which the sample was based on criteria given. Furthermore, there were 22 samples from 42 companies. Additionally, the data analysis technique used multiple linear regression with SPSS 26. The research result concluded that liquidity had a positive and significant effect on stock return. On the other hand, profitability had a negative and significant effect on stock return. In contrast, leverage had a positive and significant cffect on stock return. Meanwhile, activity had a positive but insignificant effect on stock return of mining companies which were listed on Indonesia Stock Exchange (IDX) during 2015-2018.
Keywords: liquidity, profitability, leverage, activity, stock return