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All Journal Jurnal Pendidikan Ekonomi, Perkantoran, dan Akuntansi
Herwanto, Paramuditha Citra Mutiara
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Economics, Econometrics & Finance Education Social Sciences Other

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NET PROFIT MARGIN, CAPITAL STRUCTURE AND ECONOMIC VALUE ADDED AS PREDICTORS OF STOCK RETURNS IN BASIC MATERIALS Herwanto, Paramuditha Citra Mutiara; Fauzi, Achmad; Indriani, Susi
Jurnal Pendidikan Ekonomi, Perkantoran, dan Akuntansi Vol. 6 No. 1 (2025): Jurnal Pendidikan Ekonomi, Perkantoran, dan Akuntansi
Publisher : Faculty of Economics and Business, Universitas Negeri Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21009/jpepa.0601.13

Abstract

Stocks are a type of investment with the highest level of risk compared to other investment instruments. Factors that can influence investment risk include market risk, price fluctuations, company management, company performance, and financial performance. This study aims to analyze net profit margin (NPM), capital structure, and economic value added (EVA) on stock returns. The method used in this study is quantitative, with data collected from annual financial reports. The study population consisted of 93 companies in the basic materials sector. The research sample was determined using a simple random sampling technique and calculated using the Slovin formula with a 5% error rate, to obtain a sample of 75 companies with an observation period of 2022-2023, resulting in 150 observation data. The results show that simultaneously the variables NPM, Capital Structure, and EVA do not significantly affect stock returns, but partially NPM has a significant effect on stock returns. Capital structure, proxied by the Debt to Equity Ratio (DER), does not significantly affect stock returns. EVA does not significantly affect stock returns. Practically, this research can be a basis for companies as a consideration in improving company performance and company value and investors are expected to gain knowledge before making investment decisions.
Co-Authors Achmad Fauzi Susi Indriani