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STUDI LITERATUR PENGARUH KINERJA KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR BURSA EFEK INDONESIA Wahyudi Malik
Jurnal Media Akademik (JMA) Vol. 2 No. 2 (2024): JURNAL MEDIA AKADEMIK Edisi Februari
Publisher : PT. Media Akademik Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62281/v2i2.151

Abstract

Penelitian ini menyajikan hasil dari beberapa studi empiris yang bertujuan untuk mengidentifikasi pengaruh kinerja keuangan terhadap return saham pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI). Dengan Variabel dalam penelitian ini adalah Current Ratio (CR), Return On Assets ROA, Debt to Equity Ratio  (DER), dan Earning Per Share (EPS). Penelitian ini menggunakan metode studi literatur. Data penelititian analitik ini menggunakan data sekunDER dari berbagai sumber akrtikel jurnal yang telah diterbitkan.
Pengaruh Kinerja Keuangan terhadap Return Saham Perusahaan Manufaktur di Bursa Efek Indonesia Wahyudi Malik; Muryani Arsal; Muhammad Nur Abdi
Indonesian Journal of Research in Economy Vol. 5 No. 2 (2026): IJRE 14
Publisher : Education and Talent Development Center of Indonesia (ETDC Indonesia)/ Pusat Pengembangan Pendidikan dan Bakat Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51574/ijre.v5i2.5811

Abstract

Financial ratios provide signals about corporate fundamentals that may shape investor expectations and stock returns. This study examines the effects of return on assets (ROA), current ratio (CR), debt-to-equity ratio (DER), and earnings per share (EPS) on the stock returns of manufacturing companies listed on the Indonesia Stock Exchange. An explanatory quantitative design was applied to secondary data from 90 companies selected through purposive sampling during 2020-2024, producing 450 firm-year observations. The data were analyzed using descriptive statistics, classical assumption tests, multiple linear regression, t tests, F tests, and the coefficient of determination. ROA (B = 6.480; beta = 0.243; p < 0.001), CR (B = 0.091; beta = 0.079; p = 0.034), and EPS (B = 0.002; beta = 0.296; p < 0.001) had positive and significant effects on stock returns, whereas DER had a negative and significant effect (B = -8.678; beta = -0.310; p < 0.001). The model was significant (F = 226.462; p < 0.001) and explained 66.8% of the variation in stock returns. The findings indicate that profitability, liquidity, leverage, and earnings per share are relevant fundamental signals, with leverage showing the strongest standardized effect.