Pengaruh Rasio Aktivitas, Profitabilitas, Leverage dan Nilai Pasar Terhadap Return Saham pada Perusahaan Manufaktur Subsektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Periode 2018-2022

Abstract

This research was conducted to determine the effect of activity ratio, profitability, leverage and market value on stock returns in food and beverage subsector manufacturing companies listed on the Indonesia Stock Exchange for the 2018-2022 period. The type of data used in this research is secondary data obtained from the official website of the Indonesian Stock Exchange www.idx.co.id. This research used 45 companies as a population and used a purposive sampling method so that 17 companies were used as samples that met the specified criteria. The data analysis techniques used in this research are descriptive statistics, classical assumption testing, multiple linear regression analysis, and hypothesis testing. The research results show that partially the activity ratio variable and the market value variable have a significant positive effect on stock returns. Meanwhile, the profitability variable partially has no effect on stock returns and the leverage variable has a significant negative effect on stock returns.