This study aims to examine the effect of Institutional Ownership, Trading Volume Activity (TVA), Total Asset Turnover (TATO), and Leverage on Stock Returns, with Profitability serving as a control variable. The research objects were companies in the industrial sector listed on the Indonesian Stock Exchange (IDX) during the six-year observation period from 2019 to 2024. The study population consisted of 22 industrial sector companies. The sample was selected using a purposive sampling method based on predetermined criteria, resulting in 132 firm-year observations. Multiple linear regression analysis was employed to examine the relationship between the independent variables and the dependent variable. Prior to hypothesis testing, descriptive statistical analysis and classical assumption tests were conducted to ensure the adequacy of the data and the regression model. The results indicate that Institutional Ownership, Trading Volume Activity, Total Asset Turnover, and Leverage simultaneously have a significant effect on Stock Returns. Partially, Institutional Ownership has a significant negative effect on Stock Returns, while Trading Volume Activity and Total Asset Turnover have significant positive effects on Stock Returns. Meanwhile, Leverage has no significant effect on Stock Returns.
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