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The Effect of Current Ratio, Return on Assets, Debt to Equity Ratio and Economic Value Added on Stock Returns in Manufacturing Companies Listed on the IDX

Journal: International Journal of Arts and Social Science (Vol.5, No. 8)

Publication Date:

Authors : ;

Page : 11-41

Keywords : CR; ROA; DER; EVA; Stock Return;

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Abstract

This study aims to determine the effect of current ratio (CR), Return On Asset (ROA), Debt to Equity Ratio (DER) and Economic Value Added (EVA) on Stock Returns in Manufacturing Companies in the Food and Beverage Sub-Sector listed on the Indonesia Stock Exchange (IDX). The object of study current ratio (CR), Return On Asset (ROA), Debt to Equity Ratio (DER) and Economic Value Added (EVA) and Stock Returns. The research method is associative using secondary data obtained from the official website of the IDX. The population of this study was 32 companies, the sample obtained through the purposive sampling technique was 14 companies with a period of 4 years of research. The analysis technique used is Descriptive Statistics,Test of Classical Assumptions, Normality Test, Multicolonierity Test, Heteroskedasticity Test, Autocorrelation Test, multiple linear regression analysis with SPSS application. The results showed that current assets and return on assets affect stock returns, while debt to equity ratio and economic value added have no effect on stock returns.

Last modified: 2023-02-11 13:30:06