Jurnal Ilmiah Edunomika (JIE)
Vol 8, No 1 (2024): EDUNOMIKA

THE INFLUENCE OF SOLVENCY ON COMPANY STOCK RETURNS WITH LIQUIDITY AS A MODERATING VARIABLE

Rieneke Ryke Kalalo (Universitas Kristen Indonesia Tomohon)
Fitri Novilia (Universitas Pendidikan Indonesia)
Andi Pangeran (Universitas Pelita Bangsa, Indonesia)
Mustafa Mustafa (Universitas Muslim Moros, Indonesia)
Gusnafitri Gusnafitri (STIE Mahaputra Riau, Indonesia)



Article Info

Publish Date
30 Dec 2023

Abstract

Abstract The existence of investors is the most important thing for a company to continue to grow and develop. Investors will be more diligent in investing on a large scale if the results obtained or the reciprocity/share returns are also smooth. This research is a quantitative research with an exploratory approach. The data used in this research is secondary data obtained from the financial reports of RNI subsidiaries spread throughout Indonesia. The data obtained was analyzed with smart PLS 4.0. The research results show that first, the Solvency variable has a positive relationship and a significant influence on the Company Stock Return variable because the T-Table value is below the significance level of 0.05, namely 0.011. This means that the more debt a company has, the more investors will think the company has a big vision for growth. Second, Liquidity variables can moderate the Company Stock Return variable because the t-table value is positive and is below 0.05, namely 0.004. Even more significant than direct testing is 0.011. This means that even though investors believe in companies that can utilize debt to grow bigger, investors will believe again if this utilization is accompanied by smooth liabilities and total assets that continue to grow. Keywords : Solvency, Company Stock Return, Liquidity

Copyrights © 2024






Journal Info

Abbrev

jie

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education

Description

Jurnal Ilmiah EDUNOMIKA dengan ISSN 2598-1153, diterbitkan 2 (dua) kali setahun (Pebruari dan Agustus) oleh LPPM STIE AAS Surakarta bekerjasama dengan Pusat Kajian Pendidikan dan Ekonomi (PUSKAPE), Yayasan Keluarga Muslim Al Azarul Ulum Sukoharjo. Terbit pertama pada bulan Pebruari 2017. Redaksi ...