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Abstract:
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Current Ratio (CR), Return On Equity (ROE), and Debt To Equity Ratio
(DER) are some indicators in analyzing Stock Return. This study aims to
determine 1) the effect of the Current Ratio on Stock Return for the 2016-2020
period, 2) the effect of Return on Equity on the 2016-2020 stock return, 3) the
effect of the Debt to Equity Ratio on the 2016-2020 stock return. 4) the effect of
the Current Ratio, Return on Equity, Debt to Equity Ratio simultaneously on Stock
Return for the 2016-2020 period.
This type of research is a comparative causal research. The population of
this research is the Food and Beverages company for the period 2016-2016.
Samples were taken using purposive sampling technique. The sample is 19
companies from 32 Food and Beverages companies listed on the Indonesia Stock
Exchange in 2016-2020, so that the research data analyzed are 95. The data
collection method used is documentation. The data analysis technique used is
descriptive statistics, classical assumption test, and multiple linear regression
analysis.
Based on the proposed test using the t test, the keys are that: 1) Current
Ratio has a negative and insignificant effect on Stock Returns with a tcount of
1.438 < ttable 1.66159 and a significant value of 0.154> 0.05 and the magnitude
of the effect is -2, 2 % ; 2) Return On Equity has a positive and significant effect
on Stock Return with a value of tcount 3.283 < ttable 1.66159 and a significance
value of 0.001 <0.05 and the magnitude of the effect is 56.3%; 3) Debt to Equity
Ratio has a negative and insignificant effect on stock returns with a value of
tcount -1.589 < ttable 1.66159 and a significance value of 0.115 <0.05 and the
magnitude of the effect is -5%. Based on the coefficient of determination of 0.136,
which means 13.6%, it shows that stock returns can be explained by variations of
the three independent variables while the rest is explained by other reasons
outside the study such as other financial ratios or policies from companies or the
government. |