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Internal and external factors on stock returns: evidence from the Indonesia Stock Exchange Tahmat Tahmat; Imelda Melindyana; Fitria Lilyana; Suharjanta Wisnu Pitara; Inayati Nasrudin
International Journal of Indonesian Business Review Vol. 5 No. 1 (2026)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijibr.v5i1.919

Abstract

Stock return is a consideration for investors when making investment decisions. Investors can observe the level of stock return through internal and external factors of the company in order to maximize profits. This study aims to determine the macroeconomic effect as measured by inflation, interest rates, world oil, exchange rate, and company financial performance as measured by the debt-to-equity ratio, debt-to-asset ratio, return on equity, and earnings per share on return in the LQ45 stock group on the Indonesia Stock Exchange for the period 2011–2022. The population in this study was 45; based on the purposive sampling technique, we obtained a sample of 15 companies. This type of research is quantitative with secondary data; the method used is panel data regression analysis using the Common Effect Model approach. The results of the F test found that inflation, interest rates, world oil, exchange rate, debt-to-equity ratio, debt-to-asset ratio, return on equity, and earnings per share simultaneously have a significant effect on stock returns. Based on the t test, it was found in the study that inflation has a negative and significant effect on stock returns, the exchange rate has a negative and significant effect on stock returns, the debt-to ratio has a positive and significant effect on stock returns, and interest rates, such as world oil, debt-to-asset ratio, return on equity, and earnings per share, have no effect on stock returns.
The Impact The Impact of BOPO, ROE and NIM on Corporate Value: An Empirical of Banking Sector in LQ45 Stock: The Impact of BOPO, ROE and NIM on Corporate Value Tahmat Tahmat; Yayan Cahyana; Emmilya Sabrina Pratiwi
International Journal of Islamic Business and Management Review Vol. 3 No. 1 (2023)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijibmr.v3i1.418

Abstract

The purpose of this study is to determine how the development of Operating Expenses to Operating Income, Return On Equity, Net Interest Margin and Price Earning Ratio and how the variable effect of Operating Expenses on Operating Income, Return On Equity, and Net Interest Margin partially and simultaneously on the Company Value proxied by PER ( Price Earning Ratio). The method used in this research is descriptive quantitative with multiple linear regression analysis. The results showed that the variables Operating Expenses to Operating Income, Return On Equity partially had a significant effect, and the Net Interest Margin variables partially did not have a significant effect on the Price Earning Ratio. Variable Operating Expenses to Operating Income, Return On Equity, Net Interest Margin simultaneously have a significant effect on the Price Earning Ratio.