Pengaruh Leverage, Profitabilitas, dan Harga Saham terhadap Return Saham pada Perusahaan Manufaktur di BEI dengan Nilai Perusahaan sebagai Variabel Intervening

Abstract

The research indicates a fluctuation in stock return value among manufacturing companies listed on the Indonesian Stock Exchange during the period of 2015- 2019. It aims to test and analyze the effects of various factors such as stock price, leverage, profitability, and firm value on the stock returns. This descriptive quantitative research uses financial reports from 18 manufacturing companies listed on the Indonesian Stock Exchange as of 2023. The data are collected from the financial reports and analyzed using the SmartPLS application. The findings indicate that only profitability and stock price positively affect on improving the stock returns of manufacturing companies listed on the Indonesian Stock Exchange. Furthermore, the firm value fails to mediate the effect of the research variables.