Pengaruh Profitabilitas, Likuiditas, Leverage, Nilai Pasar, dan Ukuran Perusahaan terhadap Return Saham

Elga Susilawati Sonjaya, Heraeni Tanuatmodjo, Raden Dian Hardiana

Abstract


This study aims to determine the effects of profitability, liquidity, leverage, market value, and company size on stock returns for companies listed on the Indonesia Stock Exchange in the LQ45 index during 2018-2024. This research is quantitative, using a purposive sampling method, with 22 companies from the LQ45 stock index that meet the research criteria. Data collection was carried out using the secondary data documentation method, consisting of company financial reports and stock price movements. The data analysis used is multiple linear regression analysis of panel data using E-views 12. The results show that profitability, market value, and company size positively affect stock returns. Leverage negatively affects stock returns, while liquidity has no effect. The coefficient of determination (R²) shows that 28.81% of stock return variations can be explained by the independent variables studied.

Keywords


Profitability; Liquidity; Leverage; Market Value; Firm Size; Stock Return; LQ45 Index

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References


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