CURRENT RATIO, EARNING PER SHARE AND DEBT TO EQUITY RATIO AFFECTS STOCK RETURNS

Widianti Widianti, Metha Dwi Apriyanti

Abstract


The purpose of this study was to determine the effect of the current ratio, earning per share and debt to equity ratio on stock returns in property and real estate sub sector companies listed on the Indonesia Stock Exchange (IDX). The research time period used is 5 years, namely the 2016-2020 period. The population of this study includes all property and real estate sub sector companies listed on the Indonesia Stock Exchange (IDX) for the 2016-2020 period. The sampling technique used was purposive sampling technique. Based on the predetermined criteria obtained 11 companies. The type of data used is secondary data obtained from the Indonesia Stock Exchange website. The analytical method used is multiple linier regression analysis supported by SPSS V.25 program. The results show that the current ratio, earning per share and debt to equity ratio have an influence on stock returns.

Keywords: Current Ratio, Earning Per Share, Debt to Equity Ratio, Stock Returns.


Full Text:

PDF

References


Abdurrohman, Fitrianingsih, D., Salam, A. F., & Aeni, H. (2021). Pengaruh Current Ratio, Debt to Equity Ratio dan Return on Equity Terhadap Return Saham Pada Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia. Journal of Economic, Business and Accounting , 4 (2), 547-556.

Andriani, W. (2019). Analisis Pengaruh Earning Per Share (EPS), Price Earning Ratio (PER), Price to Book Value (PBV) Terhadap Return Saham Realisasi Perusahaan Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia. Jurnal Pancabudi , 1 (1), 1-98.

Antari, H., & Dewi, S. (2020). Pengaruh Kinerja Keuangan Terhadap Return Saham Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2016-2018. Jurnal Kharisma , 2 (1), 212-221.

Badewin. (2017). Pengaruh Earning Per Saher (EPS) dan Debt to Equity Ratio Terhadap Return Saham Pada Perusahaan Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia (BEI). Jurnal Akuntansi dan Keuangan , 6 (2), 1-9.

Darsono, & Ashari. (2018). Pedoman Praktis Memahami Laporan Keuangan"Manajerial Finance". Yogyakarta: Andi.

Erari, A. (2014). Analisis Pengaruh Current Ratio, Debt to Equity Ratio dan Return on Assets Terhadap Return Saham Pada Perusahaan Pertambangan di Bursa Efek Indonesia. Jurnal Manajemen Bisnis , 5 (2), 174-191.

Fahmi, I. (2018). Pengantar Manajemen Keuangan. Bandung: Alfabeta.

Febrianto, H. G., & Fazira, R. (2019). PENGARUH KECUKUPAN MODAL TREHADAP MANAJEMEN RISIKO LIKUIDITAS BANK PERKREDITAN RAKYAT (Studi Empiris Pada Bank Prekreditan Rakyat di Kota Tangerang). Dynamic Management Journal, 3(1).

Febrianto, H. G., Fitriana, A. I., & Rohmansyah, B. (2021, November). Analisis liquidity, firm size dan good corporate governance terhadap financial performance. In FORUM EKONOMI (Vol. 23, No. 4, pp. 819-827).

Fitriana, A. I., Febrianto, H. G., & Sunaryo, D. (2022). Determinan Manajemen Pajak Pada Perusahaan Aneka Industri. Journal of Business and Economics Research (JBE), 3(3), 350-358.

Gayatri, S., & Sunarsih. (2020). Pengaruh Kinerja Keuangan Perusahaan Terhadap Return Saham Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2018. Paulus Journal of Accounting , 2 (1), 40-55.

Ghozali, I. (2016). Aplikasi Analisis Multivariete. Semarang: Badan Penerbit Universitas Diponegoro.

Hasibuan, M. (2018). Fungsi Manajemen dan Unsur Manajemen. Jakarta: Bumi Aksara.

Irianto, A. (2015). Statistik (Konsep Dasar, Aplikasi dan Pengembangannya). Jakarta: Kencana.

Iskandar, A. Z. (2008). Pasar Modal Teori dan Aplikasi. Jakarta: Yayasan Pancur Siwah.

Jeni, F. L., Rizal, N., & Taufiq, M. (2020). Pengaruh Current Ratio (CR), Debt to Equity Ratio (DER), Return on Equity (ROE), Earning Per Share (EPS), Price Earning Ratio (PER) Terhadap Return Saham di Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2016-2018. Journal of Accounting , 2 (4), 298-304.

Jogiyanto, H. (2016). Teori Portofolio dan Analisis Investasi Edisi Kesepuluh. Yogyakarta: BPFE.

Jogiyanto, H. (2017). Teori Portofolio dan Analisis Investasi Edisi Kesepuluh. Yogyakarta: BPFE.

Kasmir. (2018). Analisis Laporan Keuangan. Jakarta: PT Raja Grafindo Persada.

Mayuni, I. A. (2018). Pengaruh ROA, Firm Size, EPS dan PER Terhadap Return Saham Pada Sektor Manufaktur di BEI. E-Journal Manajemen Unud , 7 (8), 4063-4093.

Pambudi, J. E., Febrianto, H. G., & Zatira, D. (2022). Faktor Fundamental Keuangan Terhadap Harga Saham di Perusahaan Makanan dan Minuman yang Terdaftar di BEI 2015-2019. JMB: Jurnal Manajemen dan Bisnis, 11(2).

Rheza, P. (2020). Pengantar Manajemen. Yogyakarta: Budi Utama.

Roslia, A. R. (2018). Pengaruh CR, DER, ROE dan EPS Terhadap Return Saham Perusahaan Farmasi di BEI. Jurnal Ilmu dan Riset Manajemen , 7 (3), 1-19.

Sartono, A. (2015). Manajemen Keuangan: Teori dan Aplikasi Edisi Keempat. Yogyakarta: BPFE.

Sinaga, R. V. (2017). Pengaruh Debt to Equity Ratio (DER), Return on Assets (ROA), Earning Per Share (EPS), Price Earning Ratio (PER), Terhadap Return Saham Pada Perusahaan Jasa Perhotelan yang Terdaftar di Bursa Efek Indonesia. Jurnal Manajemen dan Bisnis , 17 (2), 146-161.

Sinaga, R. V. (2019). Pengaruh Inventory Turonver (ITO), Debt to Equity Ratio (DER), Return on Assets (ROA), Earning Per Share (EPS) dan Price Earning Ratio (PER) Terhadap Return Saham Pada Perusahaan Food and Beverage yang Terdaftar di Bursa Efek Indonesia. Jurnal Manajemen dan Bisnis , 19 (1), 28-46.

Sinambela, E. (2013). Pengaruh Earning Per Share (EPS) Terhadap Return Saham Pada Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia. Jurnal Ilmu Ekonomi dan Studi Pembangunan , 13 (1), 116-125.

Sudana. (2015). Teori dan Praktik Manajemen Keuangan Perusahaan Edisi 2. Jakarta: Erlangga.

Sufyati, H. S., Firmansyah, H., Nugraha, D. B., Ernawati, T., Indarto, S. L., Fitriana, A. I., ... & Martaseli, E. (2021). Analisis Laporan Keuangan. Penerbit Insania.

Sugiyono. (2016). Metode Penelitian Kuantitatif, Kualitatif dan R&D. Bandung: Alfabeta.

Sugiyono. (2017). Metode Penelitian Kuantitatif, Kualitatif dan R&D. Bandung: Alfabeta.

Sugiyono. (2019). Metode Penelitian Kuantitatif, Kualitatif dan R&D. Bandung: Alfabeta.

Supriantikasari, N., & Endang, U. S. (2019). Pengaruh Return on Assets, Debt to Equity Ratio, Current Ratio, Earning Per Share dan Nilai Tukar Terhadap Return Saham (Studi Kasus Pada Perusahaan Go Public Sektor Barang Konsumsi yang Listing di Bursa Efek Indonesia Periode 2015-2017). Jurnal Riset Akuntansi Mercu Buana , 5 (1), 49-66.

Utomo, E. N., Febrianto, H. G., & Fitriana, A. I. (2022). Urgensi persistensi laba: antara volatilitas arus kas, volatilitas penjualan dan ukuran perusahaan. AKUNTABEL, 19(4), 786-794.

Utomo, E. N., Fitriana, A. I., & Febrianto, H. G. (2020). Analisis faktor non keuangan dan keuangan terhadap kualitas laba laporan keuangan. AKUNTABEL, 17(2), 231-240.

Wahyudi, M., & Deitiana, T. (2019). Pengaruh Current Ratio, Debt to Equity Ratio, Return on Equity, Total Assets Turnover, Dividen Payout Ratio Terhadap Return Saham Pada Perusahaan Otomotif. Media Bisnis , 11 (2), 155-162.

Mikrad, M., & Pambudi, J. E. (2021). Pengaruh Debt To Equity Ratio, Economic Value Added Dan Market To Book Value Terhadap Return Saham. Dynamic Management Journal, 5(1), 65-77.

Mikrad, M. (2020). Pengaruh Earning Per Sharedan Dividend Per Shareterhadap Harga Saham Pada Perusahaan Sektor Manufakturyang Terdaftar Di Bursa Efek Indonesia Tahun 2014-2018. Dynamic Management Journal, 4(2), 16-26.

Abbas, D. S., Ismail, T., Taqi, M., & Yazid, H. (2022). THE IMPLEMENTATION OF A MANAGEMENT AUDITON HR RECRUITMENT TO ASSESS THE EFFECTIVENESS OF EMPLOYEE PERFORMANCE. Jurnal Riset Akuntansi Kontemporer, 14(2), 243-251.

Abbas, D. S., Ismail, T., Taqi, M., & Yazid, H. (2023). Determinant of company value: evidence manufacturing Company Indonesia. Calitatea, 24(192), 183-189.

Ariyana, A., Enawar, E., Ramdhani, I. S., & Sulaeman, A. (2020). The application of discovery learning models in learning to write descriptive texts. Journal of English Education and Teaching, 4(3), 401-412.

Astakoni, I. M. P., Sariani, N. L. P., Yulistiyono, A., Sutaguna, I. N. T., & Utami, N. M. S. (2022). Spiritual Leadership, Workplace Spirituality and Organizational Commitment; Individual Spirituality as Moderating Variable. ITALIENISCH, 12(2), 620-631.

Goestjahjanti, S. F., Novitasari, D., Hutagalung, D., Asbari, M., & Supono, J. (2020). Impact of talent management, authentic leadership and employee engagement on job satisfaction: Evidence from south east asian industries. Journal of Critical Reviews, 7(19), 67-88.

Gunawan, G. G., Wening, N., Supono, J., Rahayu, P., & Purwanto, A. (2021). Successful Managers and Successful Entrepreneurs as Head of Successful Families in Building a Harmonious Family. PSYCHOLOGY AND EDUCATION, 57(9), 4904-4913.

Hidayat, I., Ismail, T., Taqi, M., & Yulianto, A. S. (2022). Investigating In Disclosure Of Carbon Emissions: Influencing The Elements Using Panel Data. Jurnal Reviu Akuntansi dan Keuangan, 12(3), 721-732.

Immawati, S. A., & Rauf, A. (2020, March). Building satisfaction and loyalty of student users ojek online through the use of it and quality of service in tangerang city. In Journal of Physics: Conference Series (Vol. 1477, No. 7, p. 072004). IOP Publishing.

Joko Supono, Ngadino Surip, Ahmad Hidayat Sutawidjaya, Lenny Christina Nawangsari. (2020). Model of Commitment for Sustainability Indonesian SME’s Performance: A Literature Review. International Journal of Advanced Science and Technology, 29(05), 8772-8784. Retrieved from http://sersc.org/journals/index.php/IJAST/article/view/18715

Muharam, H., Chaniago, H., Endraria, E., & Harun, A. B. (2021). E-service quality, customer trust and satisfaction: market place consumer loyalty analysis. Jurnal Minds: Manajemen Ide dan Inspirasi, 8(2), 237-254.

Ong, F., Purwanto, A., Supono, J., Hasna, S., Novitasari, D., & Asbari, M. (2020). Does Quality Management System ISO 9001: 2015 Influence Company Performance? Anwers from Indonesian Tourism Industries. Test Engineering & Management, 83, 24808-24817.

Purwanto, A. (2020). Develop risk and assessment procedure for anticipating COVID-19 in food industries. Journal of Critical Reviews.

Purwanto, A. (2020). Develop risk and assessment procedure for anticipating COVID-19 in food industries. Journal of Critical Reviews.

Purwanto, A. (2020). Effect of compensation and organization commitment on tournover intention with work satisfaction as intervening variable in indonesian industries. Sys Rev Pharm, 11(9), 287-298.

Purwanto, A. (2020). The Relationship of Transformational Leadership, Organizational Justice and Organizational Commitment: a Mediation Effect of Job Satisfaction. Journal of Critical Reviews.

Riyadi, S. (2021). Effect of E-Marketing and E-CRM on E-Loyalty: An Empirical Study on Indonesian Manufactures. Turkish Journal of Physiotherapy and Rehabilitation, 32(3), 5290-5297.

Setyaningrum, R. P., Kholid, M. N., & Susilo, P. (2023). Sustainable SMEs Performance and Green Competitive Advantage: The Role of Green Creativity, Business Independence and Green IT Empowerment. Sustainability, 15(15), 12096.

Subargus, A., Wening, N., Supono, J., & Purwanto, A. (2021). Coping Mechanism of Employee with Anxiety Levels in the COVID-19 Pandemic in Yogyakarta. Turkish Journal of Physiotherapy and Rehabilitation.

Suharti, E., & Ardiansyah, T. E. (2020). Fintech Implementation On The Financial Performance Of Rural Credit Banks. Jurnal Akuntansi, 24(2), 234-249.

Sukirwan, S., Muhtadi, D., Saleh, H., & Warsito, W. (2020). PROFILE OF STUDENTS'JUSTIFICATIONS OF MATHEMATICAL ARGUMENTATION. Infinity Journal, 9(2), 197-212.

Surip, N., Sutawijaya, A. H., Nawangsari, L. C., & Supono, J. (2021). Effect of Organizational Commitmenton the Sustainability Firm Performance of Indonesian SMEs. PSYCHOLOGY AND EDUCATION, 58(2), 6978-6991.

Wamiliana, W., Usman, M., Warsito, W., Warsono, W., & Daoud, J. I. (2020). USING MODIFICATION OF PRIM’S ALGORITHM AND GNU OCTAVE AND TO SOLVE THE MULTIPERIODS INSTALLATION PROBLEM. IIUM Engineering Journal, 21(1), 100-112.

Wulandari, I., & Rauf, A. (2022). Analysis of Social Media Marketing and Product Review on the Marketplace Shopee on Purchase Decisions. Review of Integrative Business and Economics Research, 11, 274-284.

Zatira, D., & Suharti, E. (2022). Determinant Of Corporate Social Responsibility And Its Implication Of Financial Performance. Jurnal Akuntansi, 26(2), 342-357.




DOI: http://dx.doi.org/10.31000/combis.v5i1.8048

Article Metrics

Abstract - 563 PDF - 693

DOI (PDF): http://dx.doi.org/10.31000/combis.v5i1.8048.g4014

Refbacks

  • There are currently no refbacks.



This journal has been indexed in:



googleGarudacrossrefdimention


Tools



        

Office:
Editor of Jurnal Comparative; Ekonomi dan Bisnis UMT, Building F, 3rd Floor, Faculty of Economics and Business, Universitiy Of Muhammadiyah Tangerang
Jl. Perintis Kemerdekaan I No.33, RT.007/RW.003, Babakan, Cikokol, Kec. Tangerang, Kota Tangerang, Banten 15118

Wa08567312111 (Galuh), 085716034977 (Eky)
Email: dynamic@gmail.com 


Jurnal Comparative: Ekonomi dan Bisnis © 2021 is licensed under CC BY-SA 4.0