ANALISIS PENGARUH CURRENT RATIO (CR), DEBT EQUITY RATIO (DER), RETURN ON EQUITY (ROE), DAN PRICE BOOK VALUE (PBV) TERHADAP RETURN SAHAM PERUSAHAAN YANG TERDAFTAR DI INDEKS SAHAM SYARIAH INDONESIA (ISSI) PERIODE 2013-2017

Zaenal Muttakin, Prihatiningsih

Abstract


This study is based on the company's problems in the ISSI index that has a problem with the company's performance which is indicated by the level of stock return of companies that experienced a downward trend during the period 2013-2017. This study aims to analyze the effect of Current Ratio (CR), Debt to Equity Ratio (DER), Return on Equity (ROE), and Price to Book Value (PBV) on the Returns of company stocks listed in the ISSI index for the 2013-2017 period. The population in this study were companies in the ISSI index, and the samples in this study were PT. Matahari Putra Prima. TB, PT. Astra International. Tbk, Island Concepts Indonesia. Tbk, PT. Tiga Pilar Sejahtera Food. Tbk, and PT. AKR Corporindo.Tbk. The analysis model used in this research is multiple linear regression model data panel. The results of the multiple linear regression analysis of panel data show that (1) The effect of Current Ratio (CR) on stock returns is significantly positive (2) The effect of Debt to Equit Ratio (DER) on stock returns is negatively insignificant (3) Effect of Return On Equity (ROE) to stock return is significant negative (4) The effect of Price to Book Value (PBV) on stock return is positively significant.


Keywords


Stock Return, Current Ratio (CR), Debt to Equity Ratio (DER), Return On Equity (ROE), and Price to Book Value (PBV).

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