Factors affecting stock returns in the sub-sector companies of foods and beverages listed on the Indonesia Stock Exchange

Amalia Nur Fadhila, Desmiza Desmiza

Abstract


Return is a result expected by investors when investing. This research aims to learn the effect of variable Debt to Asset Ratio, Total Asset Turn Over, Return on Asset, and Earning Per Share variables on Stock Return on the sub-sector companies of food and beverages listed on the Indonesia Stock Exchange period 2015-2019. The population that is used for this research amounts to 29 companies. The sampling technique used is the purposive method sampling, which led to the choosing of 17 companies that are used as the research sample. The methods that are used are descriptive and verificative methods with multiple panel data regression tests and Eviews program. The result of the analysis shows that Total Asset Turn Over has a positive impact on stock returns, while the Debt Asset Ratio, Return on Asset, and Earning per Share do not have an impact on stock returns.


Keywords


Stock Return; Debt to Asset Ratio; Total Asset Turn Over; Return on Asset; Earning per Share

Full Text:

PDF

References


Adhi S. (2015). 2015 Investasi Anjlok, Industri Makanan Menaruh Asa Pada 2016. 23 November 2015.

Atidhira, A. T., & Yustina, A. I. (2017). The Influence of Return on Asset , Debt to Equity Ratio , Earnings per Share , and Company Size on Share Return in Property and Real Estate Companies. 1(2), 128–146.

Azzahra, F. A., & Sutanto, A. (2016). Analisis Pengaruh Rasio Keuangan Terhadap Return Saham Pada Perusahaan Consumer Goods Yang Terdaftar Di Bursa Efek Indonesia 2012-2014. Jurnal Fokus, 6(1), 13–25.

Basuki, A. T. N. P. (2017). Analisis Regresi Dalam Penelitian Ekonomi & Bisnis: Dilengkapi Aplikasi SPSS & EVIEWS. PT. Rajagrafindo Persada: Depok

Boentoro, N. V., & Widyarti, E. T. (2018). Analisis Pengaruh Rasio Likuiditas, Leverage, Profitabilitas, Aktivitas dan Pasar Terhadap Return Saham (Studi Kasus: Perusahaan Consumer Goods Periode 2012–2016). Diponegoro Journal Of Management, 7(2), 1–12.

Brigham, Eugene F danHouston, J. F. (2018). Dasar-Dasar Manajemen Keuangan. Salemba Empat: Jakarta

Dewi, I. F., Soepardi, E. M., & Mulya, Y. (2017). Pengaruh Total Asset Turn Over ( Tato ), Net Profit Margin ( Npm ), Debt To Asset Ratio , ( Dar ), Beta Saham , Inflasi Dan Produk Domestik Bruto Terhadap Return Saham Pada Sub Sektor Kontruksi Bangunan Yang Terdaftar Di Bursa Efek Indonesia. 1–20

Ghozali, I. (2016). Aplikasi Analisis Multivariate dengan Program IBM SPSS 23. Badan Penerbit Universitas Dipenogoro: Semarang.

Hadi, N. (2015). Pasar Modal. Graha Ilmu: Yogyakarta.

Horne, Janes C Van dan Wachowicz, J. M. (2013). Prinsip-Prinsip Manajemen Keuagan. Salemba Empat: Jakarta.

Jogiyanto, H. (2017). Teori Portofolio dan Analisis Investasi (Edisi Kesebelas). BPFE: Yogyakarta.

Kasmir. (2016). Analisis Laporan Keuangan. Raja Grafindo Persada: Jakarta.

Pratama, I. G. S. P., & Idawati, I. A. A. (2019). Pengaruh Rasio Keuangan Terhadap Return Saham Pada Perusahaan Pertanian Di Bursa Efek Indonesia. WICAKSANA, Jurnal Lingkungan & Pembangunan, 3(1), 38–44. Retrieved

Ristyawan, M. R. (2019), Pengaruh Return On Equity, Debt To Assets Ratio, Price To Book Value, Dan Net Profit Margin Terhadap Return Saham Perusahaan Sektor Perkebunan Yang Terdaftar Di Bursa Efek Indonesia Periode 2011-2017. Jurnal Ekonomi Bisnis Dan Kewirausahaan, 8(1), 1.

Rizki Defawanti, A., & Sista Paramita, R. (2018). Pengaruh Kinerja Keuangan, Tingkat Bunga Dan Inflasi Terhadap Return Saham Perusahaan Sektor Property Dan Real Estate Yang Terdaftar Di Bursa Efek Indonesia Periode 2014-2016. Jurnal Ilmu Manajemen (JIM), 6(3), 183–196.

Rohpika, D., & Fhitri, N. (2017). Pengaruh CR, DAR DER, PBV Terhadap Return Saham Pada Perusahaan Subsektor Perkebunan Yang Terdaftar Di Bursa Efek Indonesia Periode 2016 – 2017.

Salamat, W. A. Al, & Mustafa, H. H. H. (2016). The Impact of Capital Structure on Stock Return: Empirical Evidence from Amman Stock Exchange. International Journal of Business and Social Science, 7(9), 183–196.

Sari, P. N., Siregar, L., Tarigan, P., & Inrawan, A. (2018). Pengaruh Leverage Dan Provitabilitas Terhadap Return Saham Pada Perusahaan Sub Sektor Keramik , Porselen Dan Kaca. Financial, 4(1), 21–27.

Sausan, F. R., Korawijayanti, L., & Ciptaningtias, A. F. (2020). The Effect of Return on Asset (ROA), Debt to Equity Ratio, Earning per Share, Total Asset Turnover and Exchange Rate on Stock Return of Property and Real Estate Companies at Indonesia Stock Exchange Period 2012-2017. Ilomata International Journal of Management, 1(2), 103–114.

Simamora, E. V., & Ningsih, D. (2020). Pengaruh Rasio Keuangan Dan Inflasiterhadap Return Saham Pada Perusahaan Manufaktur Di Bursa Efek Indonesia. Jurnal Akrab Juara, 5(3), 17–31.

Sutrisno. (2017). Manjemen Keuangan Teori Konsep & Aplikasi (Edisi Kedu). EKONISIA: Yogyakarta.

Tandelilin, E. (2017). Pasar Modal Manajemen Portofolio & Investasi (Sudibyo Ganjar, ed.). Yogyakarta.

Winedar, M. (2020). Pengaruh Rasio Keuangan Terhadap Return Saham Pada Perusahaan Idx 30 Yang Terdaftar Di Bursa Efek Indonesia Tahun 2018. Jurnal Analisa Akuntansi Dan Perpajakan, 4(1), 11–20. doi: 10.25139/jaap.v4i1.2532

Zinkmund, W. G. Babin B. J., Carr, J. C. dan Griffin, M. (2010), Business Research Methods, South Western: Cengage Learning, 8 th Edition.




DOI: http://dx.doi.org/10.33021/ideas.v1i2.3433

DOI (PDF): http://dx.doi.org/10.33021/ideas.v1i2.3433.g1008

Refbacks

  • There are currently no refbacks.


Copyright (c) 2021 desmiza desmiza desmiza

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Editorial Office:

President University Master of Technology Management Program
Jalan Ki Hajar Dewantara Mekarmukti
Cikarang Utara, Bekasi, Jawa Barat
Indonesia

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.