PENGARUH STRUKTUR MODAL DAN KINERJA KEUANGAN TERHADAP RETURN SAHAM

Abstract

This research aimed to examine and analyze the effect of capital structure which was referred to as Debt to Equity Ratio (DER), financial performance was referred to as profitability (ROA), and liquidity was referred to as Current Ratio (CR) on stock return. The research was quantitative. The population was 22 finance companies listed on the Indonesia Stock Exchange (IDX) during 2019-2022. Moreover, the data collection technique used purposive sampling. In line with that, there were 88samples. The data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solution) 25 versions. The result showed that (1) capital structure (DER) had a positive effect on the stock return of finance companies listed on IDX, (2) profitability (ROA) had a positive effect on the stock return of finance companies listed on IDX, and (3) liquidity (CR) did not affect the stock return of finance companies listed on IDX during 2019-2022.