PENGARUH PROFITABILITAS, LEVERAGE, LIKUIDITAS DAN UKURAN PERUSAHAAN TERHADAP RETURN SAHAM

Abstract

This research aimed to examine the effect of profitability, leverage, liquidity, and firm size on the stock return of Food and Beverage companies listed on the Indonesia Stock Exchange. The independent variables were profitability which was measured by Return On Assets (ROA), leverage was measured by Debt to Earning Ratio (DER), and liquidity was measured by Logarithms Natural (Ln) Asset. Moreover, the dependent variable was a stock return. The research was quantitative. The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 180 data samples from 45 Food and Beverage companies. Furthermore, the data were secondary. The data analysis technique used multiple linear regression. The result concluded that profitability had a positive effect on stock return. However, leverage had a negative effect on stock return. Likewise, liquidity had a negative effect on stock return. On the other hand, firm size had a positive effect on stock return. It meant that the higher the profitability and firm size ratios were, the bigger the stock return would be. In addition, the higher the leverage and liquidity ratios were, the lower the stock return of Food and Beverage companies on IDX.