JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi)
Vol. 12 No. 1 (2026): Februari 2026

Pengaruh Return On Equity (ROE), Debt To Equity Ratio (DER), dan Inflasi Terhadap Return Saham Perusahaan Sektor Keuangan di Bursa Efek Indonesia Periode 2019-2023

Jhellysia Andriani (Universitas Multi Data Palembang)
Trisnadi Wijaya (Universitas Multi Data Palembang)



Article Info

Publish Date
01 Feb 2026

Abstract

This research aims to analyze the influence of Return on Equity (ROE), Debt to Equity Ratio (DER), and inflation on stock returns of financial sector companies listed on the Indonesia Stock Exchange for the 2019-2023 period. The research method uses a quantitative approach with secondary data from financial reports and inflation data, and is analyzed using multiple linear regression on 59 companies with a total of 295 observations. The research results show that ROE has a positive and significant effect on stock returns, while DER and inflation have a negative but not significant effect, with a model explanation ability of 7.3% and a significant simultaneous effect on stock returns. These findings indicate that profitability is the main factor that investors pay attention to in assessing the performance of financial sector stocks, while capital structure and inflation have not been proven to play a significant role in the research period.

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Journal Info

Abbrev

jemsi

Publisher

Subject

Economics, Econometrics & Finance

Description

JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi) is an electronic independent international scientific and academic journal that aims to publish scholars’ original and high-quality manuscripts and reports in all fields of business. JEMSI adheres to an open access policy to accelerate the ...