THE INFLUENCE OF PROFITABILITY RATIOS, DER, PBV, AND COVID19 ON STOCK RETURNS
DOI:
https://doi.org/10.32524/jkb.v22i1.1040Abstract
Investment is one of the activities that influences the growth of the Indonesian economy. Investment not only helps in economic development in Indonesia but also helps companies optimize their growth and provide a good response to investors. Investors have the main goal, namely achieving high returns or stock returns. However, high returns can also carry high risks, because shares have no certainty that they will rise or fall quickly and suddenly. Sudden changes in stock prices play an important role in determining stock prices and returns which can rise or fall very sharply so that they can create uncertainty for investors in making decisions to invest in a stock. The aim of this research is to determine the effect of PBV, ROE, NPM, EPS, DER, COVID on stock returns. To find out what factors cause what, this research uses a comparative causal research strategy. Companies in the Financial sector (consisting of 106 shares) which are included in the Composite Stock Price Index (also called IHSG) are the focus of this research. Data is taken from the application (Stockbit), in obtaining financial data. that researchers will use (idx.co.id). PBV has a positive effect on stock returns. Meanwhile, ROE, NPM, EPS, DER, COVID have no effect on stock returns
References
Alisyah, WN, & Susilowati, L. (2022). Comparison of Financial Performance in Health Sector Companies Listed on the Indonesia Stock Exchange before and During the Covid-19 Pandemic. Peer-Reviewed Article Journal of Finance and Banking , 26 (1), 2443–2687. https://doi.org/10.26905/jkdp.v26i1.6816
Chasanah, N., & Sucipto, A. (2019). Liquidity Ratio, Profitability, And Solvency On Stock Returns With Capital Structure As An Intervening Variable (Study On Food And Beverage Sub Sector Listed In Indonesia Stock Exchange (Idx) Period 2013-2017). Extra: Journal of Business and Management , 3 , 52–68. https://doi.org/10.25139/ekt.v3i1.1476
Erzad, AM, & Erzad, AM (2017). The Effect of Financial Ratios Toward Sharia Stock Return in Jakarta Islamic Index (JII). QIJIS (Qudus International Journal of Islamic Studies) , 5 (1), 129. https://doi.org/10.21043/qijis.v5i1.1971
Iqbal, M., & Nastiti, H. (2022). Journal of Accounting and Tax. Journal of Accounting and Taxation , 22 (22), 1–13.
Irawan, JL, & Polimpung, LJC (2021). The Effect of Probability, Liquidity and Leverage on Stock Returns in LQ45 Companies. Journal of Management, E-Business & Entrepreneurship Research , 1 (1), 29–37.
Junantri, M., & Bowens, A. (2018). Saudi Journal of Economics and Finance (SJEF) Determinants of Stock Returns of Telecommunications Companies Listed on the Indonesia Stock Exchange . 9414 , 194–203. https://ssrn.com/abstract=3614554
Kimbonguila, A., Matos, L., Petit, J., Scher, J., & Nzikou, J.-M. (2019). Effect of Physical Treatment on the Physicochemical, Rheological and Functional Properties of Yam Meal of the Cultivar “Ngumvu” From Dioscorea Alata L. of Congo. International Journal of Recent Scientific Research , 10 (July), 30693–30695. https://doi.org/10.24327/IJRSR
Kohar Mudzakar, M., & Wardanny, IP (2021). The Effect Of Return On Assets, Return On Equity, Earning Per Share, And Price Earning Ratio Toward Stock Return (Empirical Study Of Transportation). Turkish Journal of Computer and Mathematics Education , 12 (8), 387–392. www.idx.co.id
Kurniawan, A. (2021). Analysis of the effect of return on assets, debt to equity ratio and total asset turnover on share return. Journal of Industrial Engineering & Management Research , 2 (1), 2722–8878. http://www.jiemar.org
Lautania, MF, Dinaroe, & Linda. (2021). Analysis of the Impact of the Covid-19 Pandemic on Banking Sector Share Prices Listed on the Indonesian Stock Exchange. Scientific Journal of Accounting Economics Students (JIMEKA) , 6 (4), 450–457.
Lubis, PR (2021). The Effect of Fundamental Factor Analysis on Blue Chips Stock Returns on the Indonesia Stock Exchange. Journal of Management Science (JMAS) , 4 (2), 43–52. https://doi.org/10.35335/jmas.v4i2.104
Nadyayani, DAD, & Suarjaya, AAG (2021). the Effect of Profitability on Stock Return. American Journal of Humanities and Social Sciences Research , 5 , 695–703. https://www.ajhssr.com/wp-content/uploads/2021/01/ZZZC21501695703.pdf
Nurmayasari, C., Umar, H., & Indriani, A. (2021). Effect of Current Ratio, Return on Equity, Debt to Equity Ratio, and Earnings per Share on Stock Returns of Mining Companies Listed on the Indonesia Stock Exchange. Budapest International Research and Critics Institute-Journa , 4 (3), 4967–4982. https://doi.org/10.33258/birci.v4i3.2283
Richard, R., Young, I., & Sirojuzilam, S. (2021). Analysis of Factors Affecting Stock Returns with Economic Value Added as Intervening Variables in Property and Real Estate Companies Listed on the Indonesia Stock Exchange. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences , 4 (3), 5644–5652.
Santoso, H., Owen, K., & Raissa, Z. (2021). Analysis of Return On Assets, Return On Equity, Current Ratio, and Debt To Equity Ratio on Stock Return of Non-Banking Companies in LQ-45 Index in Indonesia Stock Exchange 2015-2019. Budapest International Research and Critics Institute-Journal (BIRCI-Journal) , 4 (4), 7942–7954.
Setiawan, B., Basyith, A., & Hidayat, R. (2022). Company's Financial Performance Before and During the Covid-19 Pandemic on the Indonesia Stock Exchange. International Journal of Finance Research , 3 (3), 187–200. https://doi.org/10.47747/ijfr.v3i3.725
Sitorus, JS, Siburian, E., Simbolon, Y., & Naibaho, RE br. (2021). the Effect of Operating Cash Flow, Net Profit, Roa and Roe on Stock Return of Idx. Journal of Accounting , 11 (2), 189–196. https://doi.org/10.33369/j.akuntansi.11.2.189-196
_1.png)
