PENGARUH RASIO KEUANGAN TERHADAPRETURN SAHAM PADA PERUSAHAAN MANUFAKTUR

Abstract

The purpose of this research is to test the influence of financial ratio which can be seen from Return On
Asset (ROA), Debt Equity Ratio (DER), Current Ratio (CR), Total Asset Turnover (TAT) and Price
Earnings Ratio (PER) to the stock return in the manufacturing companies in the food and beverages
sector which are listed in IDX in 2009-2014 periods.The sample collection has been done by using
purposive sampling method, and there are 6 manufacturing companies which have been selected as
samples and the observation is during the 2009-2014 periods. The source of secondary data of this
research is originated from Indonesia Stock Exchange. The analysis technique has been done by using
multiple linear regressions.The result of the partial analysis shows that Debt Equity Ratio, and Current
Ratio has significant influence to the stock return whereas Return on Asset, Total Asset Turnover and
Price Earnings Ratio do not have any significant influence to the stock return which can be explained by
ROA, DER, CR, TAT, PER variable is 52.2%, meanwhile the remaining 47.8% can be explained by
other variables which are not included in this regression models. Debt Equity Ratio has dominant
influence to the stock return and its partial coefficient determination is the largest which is 15%.
Keywords:Financial Ratio, Stock Return, Multiple Linear Regressions.