PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN, DAN KINERJA KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed to find out (1) the effect of capital structure, (2) firm size, and (3) financial
performance on the stock return of banking companies listed on the Indonesia Stock Exchange (IDX)
during 2019 – 2023. Debt measured the capital structure to Asser Ratio (DAR), firm size was
measured by Size, financial performance was measured by Return On Equity (ROE), and Earning Per
Share (EPS), and stock return was measured by Capital Gain (Loss). The research was quantitative.
Moreover, the population was banking companies listed on IDX from 2019 to 2023. The data collection
technique used purposive sampling. Furthermore, the data analysis technique used multiple linear
regression with SPSS. The result showed that capital structure (DAR) had a positive and significant
effect on stock return. However, firm size had a negative effect on stock return. In contrast, financial
performance which was measured by Return On Equity (ROE) had a positive and significant impact
on stock return. On the other hand, financial performance which was measured by Earning Per Share
(EPS) had an insignificant effect on stock return.