PENGARUH KINERJA PASAR DAN KINERJA KEUANGAN TERHADAP RETURN SAHAM

Abstract

This research aimed to find out the effect of market performance and financial performance on the stock return. Moreover, there were four independent variables namely Earning Per Share, Debt to Equity Ratio, Current Ratio, and Return on Equity. While stock return was a dependent variable. The research was quantitative. Furthermore, the data collection technique used Purposive sampling. The samples were taken according to the researcher’s criteria. In line with that, there were 54 data samples from 18 Food and Beverages companies listed on the Indonesia Stock Exchange (IDX) during 2019-2021. Additionally, the data analysis technique used multiple linear with SPSS (Statistical Product and Service Solution) program. The result concluded that Earning Per Share (EPS) did not affect the stock return of Food and Beverages companies listed on IDX. On the other hand, Debt to Equity Ratio (DER) had a negative effect on the stock retur of Food and Beverages companies listed on IDX. In contrast, the Current Ratio (CR) did not affect the stock retur of Food and Beverages companies listed on IDX. On the contrary, Return on Equity (ROE) had a positive effect on the stock return of Food and Beverages companies listed on IDX.