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Contact Name
Kahdijah Darwin
Contact Email
khadijahdarwin@unismuh.ac.id
Phone
+6281355246902
Journal Mail Official
ijreredaksi@gmail.com
Editorial Address
Jalan Bumi 18 Blok A No. 1 Bumi Permata Hijau, Gunung Sari, Makassar, Indonesia
Location
Unknown,
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INDONESIA
IJRE
ISSN : -     EISSN : 29628083     DOI : http://dx.doi.org/10.51574/ijre
Core Subject : Economy,
IJRE:Indonesian Journal of Research in Economy merupakan jurnal yang didirikan atas kerjasama dengan Education and Talent Development Center Indonesia (ETDC Indonesia). Semua manuskrip yang dikirimkan akan ditinjau oleh editor dan kemudian dievaluasi oleh minimal satu atau dua reviewer melalui proses double-blind. Hal ini untuk memastikan kualitas manuskrip yang diterbitkan dalam jurnal dengan fokus dan ruang lingkup pada bidang penelitian ekonomi, manajemen, akuntansi dan keuangan, dengan menerbitkan sebanyak 3 kali dalam setahun (Maret, Juli, November).
Articles 21 Documents
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.

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