THE EFFECT OF FINANCIAL PERFORMANCE ON LQ45 SHARE RETURN IN INDONESIA STOCK EXCHANGE

This research was conducted with the aim to find out and analyze the effect of simultaneous return on assets, return on equity, debt to equity ratio, debt to assets ratio, earnings per share, and price earning ratio on LQ45 stock returns on the Indonesia Stock Exchange. This study uses a quantitative approach. Based on the porposive sampling technique, the companies that met the research criteria were 17 LQ45 companies on the Indonesia Stock Exchange. The data used are financial statements for the period 2015-2017. Data analysis techniques are using multiple linear regression, F test, and t test.Based on the results of the study note that simultaneous return on assets, return on equity, debt to equity ratio, debt to assets ratio, earnings per share, and price earnings ratio does not affect stock returns, this is evidenced by the results of testing with the F test that shows the significance value is greater than 0.05 which is equal to 0.187. Return On Assets does not have a significant effect on stock returns because the significance value of the t test is greater than 0.05 which is 0.767. Return On Equity does not have a significant effect on stock returns because the significance value of the t test is greater than 0.05 which is equal to 0.489. Debt to Equity Ratio has no significant effect on stock returns because the significance value of the t test is greater than 0.05 which is equal to 0.935. Debt to Assets Ratio does not have a significant effect on stock returns because the significance value of the t test is greater than 0.05 which is 0.593. Earning Per Share has a significant effect on stock returns because the significance value of the t test is greater than 0.05 which is equal to 0.025. Price Earning Ratio has no significant effect on stock returns because the significance value of the t test is greater than 0.05 which is equal to 0.336.

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Pengaruh Return on Assets (ROA), Return on Equity (ROE), Debt Equity Ratio (DER), dan Price Earnings Ratio (PER) terhadap Return Saham Perusahaan Consumer Goods

Jurnal Manajemen Bisnis dan Kewirausahaan ◽

10.24912/jmbk.v5i6.14950 ◽

2021 ◽

Vol 5 (6) ◽

pp. 573

Author(s):

Dora Gunawan ◽

Indra Widjaja

Keyword(s):

Hypothesis Testing ◽

Stock Returns ◽

Consumer Goods ◽

Stock Exchange ◽

Return On Assets ◽

Return On Equity ◽

Price Earnings Ratio ◽

Negative Effect ◽

Equity Ratio ◽

Independent Variable

The purpose of this study was to determine the effect of Return on Assets (ROA), Return on Equity (ROE), Debt Equity Ratio (DER), and Price Earnings Ratio (PER) on stock returns of consumer goods companies. The data in this study were taken from 10 consumer goods companies listed on the Indonesia Stock Exchange. The research period is 4 years, namely 2017 until the second quarter of 2020. The method used in this study is to compare the elements in the financial statements. In this study, the method used to analyze the data is multiple linear regression and hypothesis testing between the dependent variable and the independent variable. ROA, ROE, DER, and PER are independent variables, and stock returns are the dependent variable. Based on hypothesis testing, it can be concluded that ROA and DER have a significant positive effect on stock returns. ROE has a significant negative effect on stock returns. And PER has no significant effect on stock returns. While collectively all variables have a significant effect on stock returns. By knowing financial performance as an indicator for investors before investing in the capital market, fundamental analysis is still an effective tool for investors in selecting stocks. Tujuan dari penelitian ini adalah untuk mengetahui pengaruh Return on Assets (ROA), Return on Equity (ROE), Debt Equity Ratio (DER), dan Price Earnings Ratio (PER) terhadap return saham perusahaan barang konsumsi. Data dalam penelitian ini diambil dari 10 perusahaan consumer goods yang terdaftar di Bursa Efek Indonesia. Periode penelitian selama 4 tahun yaitu tahun 2017 sampai dengan triwulan II tahun 2020. Metode yang digunakan dalam penelitian ini adalah membandingkan unsur-unsur pada laporan keuangan. Dalam penelitian ini metode yang digunakan untuk menganalisis data yaitu regresi linier berganda dan pengujian hipotesis antara variabel dependen dan variabel independen. ROA, ROE, DER dan PER adalah variabel independen, dan return saham sebagai variabel dependen. Berdasarkan pengujian hipotesis, diperoleh hasil yang dapat disimpulkan bahwa ROA dan DER berpengaruh signifikan positif terhadap return saham. ROE berpengaruh signifikan negatif terhadap return saham. Dan PER tidak berpengaruh signifikan terhadap return saham. Sedangkan secara bersama-sama semua variabel berpengaruh signifikan terhadap return saham. Dengan mengetahui kinerja keuangan sebagai indikator bagi investor sebelum berinvestasi di pasar modal, maka analisis fundamental masih menjadi salah satu alat yang efektif bagi investor dalam memilih saham.

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PENGARUH EPS, ROE, ROA DAN DER TERHADAP HARGA SAHAM PADA PERUSAHAAN SUB SEKTOR SEMEN YANG TERDAFTAR DI BEI

JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi) ◽

10.34204/jiafe.v2i1.521 ◽

2016 ◽

Vol 2 (1) ◽

pp. 1-22

Author(s):

Asep Alipudin

Keyword(s):

Stock Prices ◽

Stock Exchange ◽

T Test ◽

Coefficient Of Determination ◽

Test Results ◽

Return On Assets ◽

Return On Equity ◽

Earnings Per Share ◽

Equity Ratio ◽

Positive Effect

The purpose of this study was to determine the effect of earnings per share (EPS), return on equity (ROE), return on assets (ROA) and debt to equity ratio (DER) to the price of shares in the sub-sector of cement which is listed on the Stock Exchange simultaneously. There is also the test used is the classic assumption test, test the coefficient of determination, t test, and F test results show earnings per share (EPS), return on equity (ROE), return on assets (ROA) and debt to equity ratio (DER) jointly positive effect on stock prices at a cement company listed on the Indonesia stock Exchange (BEI) in the period 2010-2014.Keywords: Earning per Share (EPS), Return on Equity (ROE), Return on Assets (ROA), dan Debt to Equity Ratio (DER)

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Analisis Pengaruh Return on Assets, Debt to Equity Ratio dan Return on Equity terhadap Earnings Per Share (Studi Empiris pada Perusahaan Sektor Industri Dasar dan Kimia yang Terdaftar di BEI Periode 2014-2018)

Jurnal Manajemen Bisnis dan Kewirausahaan ◽

10.24912/jmbk.v5i3.11859 ◽

2021 ◽

Vol 5 (3) ◽

pp. 255

Author(s):

Sanny Sanny

Keyword(s):

Data Analysis ◽

Stock Exchange ◽

Sampling Technique ◽

Least Square ◽

Return On Assets ◽

Return On Equity ◽

Purposive Sampling ◽

Earnings Per Share ◽

Equity Ratio ◽

Industry Sectors

This study aims to analyze the effect of return on assets, debt to equity ratio, and return on equity to earnings per share. This study took as many as 41 companies in the basic and chemical industry sectors listed on the Indonesia Stock Exchange in the 2014-2018 period determined by purposive sampling technique. Data analysis was performed using the robust least square (RLS) method. The results of the study prove that partially return on assets and return on equity have a significant effect on earnings per share, but the debt to equity ratio has not been able to provide a significant effect on earnings per share. This finding also proves that simultaneous return on assets, debt to equity ratio and return on equity have a significant effect on earnings per share. Penelitian ini bertujuan untuk menganalisis pengaruh return on assets, debt to equity ratio, dan return on equity terhadap earnings per share. Penelitian ini mengambil subjek yaitu sebanyak 41 perusahaan sektor industri dasar dan kimia yang terdaftar di Bursa Efek Indonesia dalam periode 2014-2018 yang ditentukan dengan teknik purposive sampling. Analisis data dilakukan dengan metode robust least square (RLS). Hasil penelitian membuktikan bahwa secara parsial return on assets dan return on equity berpengaruh signifikan terhadap earning per share, namun debt to equity ratio belum mampu memberikan pengaruh yang signifikan terhadan earnings per share. Temuan ini juga membuktikan bahwa secara simultan return on assets, debt to equity ratio dan return on equity berpengaruh signifikan terhadap earning per share.

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PENGARUH EPS, ROE, ROA DAN DER TERHADAP HARGA SAHAM PADA PERUSAHAAN SUB SEKTOR SEMEN YANG TERDAFTAR DI BEI

JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi) ◽

10.34204/jiafe.v2i1.519 ◽

2016 ◽

Vol 2 (1) ◽

pp. 1-22

Author(s):

Asep Alipudin

Keyword(s):

Stock Prices ◽

Stock Exchange ◽

T Test ◽

Coefficient Of Determination ◽

Test Results ◽

Return On Assets ◽

Return On Equity ◽

Earnings Per Share ◽

Equity Ratio ◽

Positive Effect

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Pengaruh Kinerja Keuangan terhadap Return saham perusahaan Mining and Mining Services terdaftar di Bursa Efek Indonesia Periode 2012-2016

MBIA ◽

10.33557/mbia.v18i3.683 ◽

2019 ◽

Vol 18 (3) ◽

pp. 101-113

Author(s):

Hilwa Anggraini ◽

Riri Hanifa ◽

Patmawati Patmawati ◽

Irsan Irsan

Keyword(s):

Financial Performance ◽

Stock Returns ◽

Stock Return ◽

Stock Exchange ◽

Sampling Technique ◽

T Test ◽

F Test ◽

Service Companies ◽

Equity Ratio ◽

Quantitative Descriptive

This study aims to analyze the effect of financial performance on stock returns in mining and mining service companies in the Indonesia Stock Exchange for the period 2012-2016. The research method used is quantitative descriptive. The analysis techniques used in this study are the Classic Assumption Test, Multiple Regression Analysis, t Test and F Test. The sampling technique is purposive sampling. The independent variable used in this study is financial performance. Financial performance intended here is financial performance measured using financial ratios, namely Debt to Equity Ratio (DER), Earning per Share (EPS), Return on Asset (ROA), Net Profit Margin (NPM) and Price Earning Ratio (PER), while the dependent variable is Stock Return. The sample in this study was 20 mining and mining services companies on the Indonesia Stock Exchange in the 2012-2016 study period. Analysis of the data used in this study is multiple linear regression (t test and f test) obtained with SPSS. The results showed that the DER, NPM and PER variables did not affect stock returns and only EPS and ROA variables affected stock return.

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Kinerja Keuangan dan Return Saham Perusahaan Blue Chip di Bursa Efek Indonesia

E-Jurnal Akuntansi ◽

10.24843/eja.2021.v31.i12.p19 ◽

2021 ◽

Vol 31 (12) ◽

pp. 3288

Author(s):

Ariel Suryo ◽

Gerianta Wirawan Yasa

Keyword(s):

Stock Returns ◽

Stock Exchange ◽

Participant Observation ◽

Sampling Technique ◽

Return On Assets ◽

Return On Equity ◽

Earnings Per Share ◽

Analysis Technique ◽

Linear Regression Technique ◽

Blue Chip

The purpose of this study is to provide empirical evidence regarding the effect of return on assets, earnings per share, and return on equity on stock returns. This research was conducted on Blue Chip companies listed on the Indonesia Stock Exchange (IDX). The number of samples taken as many as 81 samples, with non-probability sampling method with saturated sampling technique. Data collection is done by non-participant observation. The analysis technique used is multiple linear regression technique. The results of the analysis found that return on assets, earnings per share, and return on equity had a positive effect on stock returns of Blue Chip companies listed on the IDX for the 2017-2019 period. Keywords : Stock Return; Return On Assets; Earnings Per Share; Return On Equity; Blue Chip.

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Pengaruh Penerbitan Sukuk Ijarah Terhadap Return On Assets, Return On Equity dan Earning Per Share Emiten di Bursa Efek Indonesia Tahun 2009-2013

Jurnal Ekonomi Syariah Teori dan Terapan ◽

10.20473/vol2iss20156pp459-472 ◽

2015 ◽

Vol 2 (6) ◽

pp. 459

Author(s):

Rianda Ajeng Ardiyanti Putri ◽

Leo Herlambang

Keyword(s):

Regression Analysis ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Simple Linear Regression ◽

Return On Assets ◽

Return On Equity ◽

Earnings Per Share ◽

Analysis Technique ◽

Equity Ratio ◽

Independent Variable

Sukuk in Indonesia is growing rapidly with marked Corporate Sukuk issuance reached 65 Sukuk. Within this development also trigger the issuance of Ijarah Sukuk more in demand by the issuer as it is considered more prospective than the Mudharabah Sukuk.This study aimed to determine the issuance effect of Ijarah Sukuk on the financial performance issuer in the Indonesia Stock Exchange in 2009 to 2013. The independent variable in this study is Sukuk to Equity Ratio and the dependent variable in this study are Return on Assets, Return on Equity and Earnings per Share. The analysis technique used is a simple linear regression analysis OLS with 95% of confidence level.The results of this study show that Sukuk to Equity Ratio has significant effect on Return on Assets, but Sukuk to Equity Ratio has not significant effect on Return on Equity and Earnings per Share.

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Pengaruh Cash Ratio, Debt to Equity Ratio, dan Return On Assets Terhadap Return Saham dengan Nilai Tukar sebagai Variabel Moderating Pada Perusahaan Perkebunan yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2014-2018

J-MAS (Jurnal Manajemen dan Sains) ◽

10.33087/jmas.v5i1.149 ◽

2020 ◽

Vol 5 (1) ◽

pp. 57

Author(s):

Yunan Surono ◽

Andrian Hadinata

Keyword(s):

Stock Returns ◽

Stock Exchange ◽

Descriptive Analysis ◽

Secondary Data ◽

Sampling Technique ◽

Return On Assets ◽

Significance Level ◽

Independent Variables ◽

Equity Ratio ◽

The Relationship

The purpose of the research is to analyze the Influence of Cash Ratio, Debt To Equity Ratio and Return On Assets to Stock Return With Exchange Rate as Moderating Variables In Plantation Companies Listed In Indonesia Stock Exchange. This research uses descriptive analysis and statistical analysis methods. data that uses secondary data. This study focuses on the influence of 3 independent variables on the dependent variable by adding moderation variables to determine whether the moderating variable can affect the relationship between the independent variables on the dependent variable. Hypothesis testing in this study uses the F test and t test, with a brief significance level (a) 5%. This data analysis uses SPSS 20 data processing software for Windows. The population of this study is companies engaged in the plantation sector in the Indonesia Stock Exchange period 2014 - 2018, with a purposive sampling technique, obtained 6 companies that have fullfill criteria in this research. The results of this study partially Cash Ratio, Debt to Equity Ratio, and Return On Assets have a significant effect on stock returns, partially Debt to Equity Ratio and Return On Assets have a significant positive effect on stock returns, while Cash Ratio has no significant effect on stock returns. and the value is not able to affect the relationship between independent variable and dependent variable.

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PENGARUH DEBT TO EQUITY RATIO, RETURN ON ASSETS, PRICE EARNING RATIO DAN ECONOMIC VALUE ADDED TERHADAP RETURN SAHAM PADA PERUSAHAAN SUBSEKTOR PROPERTY DAN REAL ESTATE.

Journal Competency of Business ◽

10.47200/jcob.v2i1.656 ◽

2018 ◽

Vol 2 (1) ◽

pp. 12-24

Author(s):

Julyana Widjayanti ◽

Risal Rinofah ◽

Mujino Mujino

Keyword(s):

Real Estate ◽

Stock Returns ◽

Stock Return ◽

Stock Exchange ◽

Economic Value ◽

Value Added ◽

Sampling Technique ◽

Economic Value Added ◽

Return On Assets ◽

Equity Ratio

This study aims to determinethe effect of Debt to Equity Ratio, Return On Assets, Price Earning Ratio, and Economic Value Added on Stock Returns on Property and Real Estate companies listed on the Indonesia Stock Exchange (BEI) for the 2014-2018 period. The sampling technique is purposive sampling. Samples were obtained from 11 Property and Real Estate companies listed on the Indonesia Stock Exchange (IDX) for the 2014-2018 period. Based on the results of data analysis shows that Debt to Equity Ratio and Return On Assets have a positive and significant effect on Stock Return, Price Earning Ratio and Economic Value Added have a negative and no significant effect on Stock Return. Together Debt to Equity Ratio, Return On Assets, Price Earning Ratio, and Economic Value Added have a positive and significant effect on Stock Return.

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PENGARUH SIKLUS BISNIS, KAPASITAS HUTANG PROFITABILITAS DAN NILAI PASAR TERHADAP REAKSI PASAR PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA

Media Riset Akuntansi Auditing & Informasi ◽

10.25105/mraai.v11i1.1030 ◽

2011 ◽

Vol 11 (1) ◽

pp. 57

Author(s):

Winston Pontoh

Keyword(s):

Stock Price ◽

Stock Exchange ◽

Market Value ◽

Return On Equity ◽

Coverage Ratio ◽

Earnings Per Share ◽

Price Earnings Ratio ◽

Equity Ratio ◽

Debt Capacity ◽

Operating Leverage

Invesments for stocks has a high risk compared with the other investments. Ability of company to make earnings is very demanded by investors in their investments to get dividend and maximized capital gain.The ability of company can be view by some aspects, there are, business cycle by Degree of Operating Leverage (DOL), debt capacity by Debt to Equity Ratio (DER) and Interest Coverage Ratio (ICR), profitability by Return on Equity (ROE) and Earnings Per Share (EPS), and market value by Price Earnings Ratio (PER).The objectives ofresearch are to analyze effect ofDegree of Operating Leverage (DOL), Debt to Equity Ratio (DER), Interest Coverage Ratio (ICR), Return on Equity (ROE), Earnings Per Share (EPS), dan Price Earnings Ratio (PER) to market stock price. The research use data of audited financial statements of manufacturing company from Indonesia Stock Exchange (Bursa Efek Indonesia) in period 2007 till 2009.The results show that as partial, DOL, ROED, PER, EPS, and DER significantly effect to market stock price, than ICR. Simultaneously, DOL, ROED, ICR, PER, EPS and DER significantly effect to market stock price.Keywords : Degree of Operating Leverage (DOL), debt capacity by Debt to Equity Ratio (DER) and Interest Coverage Ratio (ICR), profitability by Return on Equity (ROE) and Earnings Per Share (EPS), and market value by Price Earnings Ratio (PER)

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