PENGARUH CR, DER DAN ROE TERHADAP RETURN SAHAM PADA PERUSAHAAN TELEKOMUNIKASI

Abstract

This research aims to analyze the influence of the current ratio, debt to equity ratio and return on equity tothe stock returns from Indonesia Stock Exchange and also financial performance data of telecommunication companies which is listed in Indonesia Stock Exchange. The sample in this research using purposive sampling technique at telecommunication company which is listed in the Indonesia Stock Exchange during the 2011-2016 period by using sample of 5 telecommunication companies. The type of the data that used is secondary data which is using financial performance report data. The analysis method that been used is multiple linear regression analysis and the result of the current ratio, debt to equity ratio and return on equity have a positive relation to the stock return. The results of the classic assumption test indicates that the model is feasible for testing. While the model feasibility test shows that this model is feasible to use. The result of the analysis shows that the current ratio variable and debt to equity ratio have no influence to the stock return. While the variable return on equity has influence on the stock return. For investors or potential investors should note that in investing into a company need to see the aspect of financial ratios that reflect the performance and the company value that can influenced the stock return.
Keywords: current ratio, debt to equity ratio, return on equity and stock return