EFFECT OF PROFITABILITY AND LIQUIDITY ON STOCK RETURNS ON INFRASTRUCTURE COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FROM 2015-2018
Keywords:
profitability, liquidity, stock returnsAbstract
This study aims to determine the effect of profitability and liquidity on stock returns. The dependent variable is the return on equity (ROE) and current ratio (CR) and uses stock returns as an independent variable. The data collection method used is using purposive sampling, the source of which is secondary data, and obtained from the company's annual or financial statements. This study uses samples from infrastructure sector companies in the energy, toll roads, ports, airports & the like and telecommunications sub-sector that were listed on the Indonesia Stock Exchange in 2015-2018. The analytical method used is the multiple regression method. The results showed that profitability did not affect stock returns and liquidity does not affect stock returns. And the simultaneous effect of return on equity (ROE) and current ratio (CR) on stock returns does not affect infrastructure sector companies listed on the Indonesia Stock Exchange in 2015-2018.
References
Bodie, Z., Kane, A., & Marcus, A. J. (2010). Essentials of Investments (International Edition, 8th Edition). New York: The McGraw-Hill Companies, Inc.
Brigham, E. F., & Houston, J. F. (2010). Dasar-Dasar Manajemen Keuangan (Edisi 11). Jakarta: Salemba Empat.
Deny, S. (2020, April 8). Seluruh sektor memerah, IHSG dibuka amblas 41,22 poin. Retrieved from https://www.liputan6.com/bisnis/read/4222232/seluruh-sektor-memerah-ihsg-dibuka-amblas-4122-poin
Dewi, P. E. (2016). Pengaruh Rasio Likuiditas, Profitabilitas, Solvabilitas, Aktivitas dan Penilaian Pasar terhadap Return Saham (Perusahaan Manufaktur yang Terdaftar di BEI Periode 2011-2015). Jurnal Ilmiah Akuntansi, 1 (2), 109-132, Retrieved from http://dx.doi.org/10.23887/jia.v1i2.9988
Fahmi, I. (2015). Pengantar Manajemen Keuangan Teori dan Soal Jawab. Bandung: Alfabeta.
Halim, A. (2015). Analisis Investasi dan Aplikasinya. Jakarta: Salemba Empat.
Harahap, S. S. (2018). Analisis Kritis atas Laporan Keuangan. Jakarta: Raja Grafindo Persada.
Hery. (2015). Analisis Laporan Keuangan – Integrated and Comprehensive. Jakarta: Grasindo.
Jogiyanto, H. (2015). Teori Portofolio dan Analisis Investasi. Edisi Kelima. Jakarta: Rajawali Pers.
Kasmir. (2016). Analisis Laporan Keuangan. (Edisi 1, Cet. 9). Jakarta: Raja Grafindo Persada.
Manik, F., Siregar, L., Tarigan P., & Inrawan, A. (2017). Pengaruh Likuiditas dan Profitabilitas terhadap Return Saham pada Perusahaan Pertambangan Batubara yang Terdaftar di Bursa Efek Indonesia (2012-2015). Jurnal Akuntansi Sekolah Tinggi Ilmu Ekonomi Sultan Agung, 3 (2), 45-53, Retrieved from https://doi.org/10.37403/financial.v3i2.56
Prasetio, F. W. (2019, Juni 11). Opini: Mindset istan vs lamban di pasar modal. Market Bisnis. Retrieved from https://market.bisnis.com/read/ 20190611/7/ 932591/opini-mindset-istan-vs-lamban-di-pasar-modal
Prastowo, D. (2015). Analisis Laporan Keuangan. Yogyakarta: UPP STIM YKPN.
Ross, S. A., Westerfield, R. W., & Jordan, B. D. (2010). Fundamentals of Corporate Finance (Standard Edition, 9th Edition). New York: The McGraw-Hill Companies, Inc.
Sartono, A. (2016). Manajemen Keuangan Teori dan Aplikasi. (Edisi 4). Yogyakarta: BPFE.
Sugiono, A., & Untung, E. (2016). Panduan Praktis Dasar – Analisa Laporan Keuangan. Jakarta: Grasindo.
Sutrisno. (2017). Manajemen Keuangan, Teori dan Konsep Aplikasi. (Edisi Revisi). Yogyakarta: Ekonosia.
Tandelilin, E. (2017). Pasar Modal Manajemen Portofolio dan Investasi. Depok: Kanisius.
Tarmizi, R., Soedarsa, H. G., Indrayenti, & Andrianto, D. (2018). Pengaruh Likuiditas dan Profitabilitas terhadap Return Saham (Food & Beverage 2014-2016). Jurnal Akuntansi dan Keuangan, 9 (1), 21-33, Retrieved from http://jurnal.ubl.ac.id/index.php/jak /article/view/996/1057
Weygant, J. J., Kimmel, P. D., & Kieso, D. E. (2012). Managerial Accounting (International Student Version, 6th Edition). Hoboken: John Wiley & Sons Singapore Pte. Ltd.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2020 Jurnal Ekonomis
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
