The Effect of Financial Performance on Stock Returns of Manufacturing Companies Listed on the Indonesia Stock Exchange

Ni Komang Ning Saniardi, Ni Gusti Putu Wirawati, Gayatri, I Dewa Nyoman Badera

Abstract: Stock returns are rewards given by companies to investors who have invested their capital. High or low of the stock returns are influenced by CR, DER, ROE, and interest rates. The purpose of this study was to determine the effect of CR, DER, ROE, and interest rates on stock returns. This research was conducted on companies listed on the Indonesia Stock Exchange in 2016-2018. The analysis technique used is multiple linear regression analysis. The method used is purposive sampling technique. The number of samples used in this study were 188 observations. Based on the results of the analysis, that CR and ROE negatively affect stock returns, DER and interest rates have a positive effect on stock returns.

Keywords: Current Ratio; Debt to Equity Ratio; Return on Equity; Interest Rates; Stock Returns.

Title: The Effect of Financial Performance on Stock Returns of Manufacturing Companies Listed on the Indonesia Stock Exchange

Author: Ni Komang Ning Saniardi, Ni Gusti Putu Wirawati, Gayatri, I Dewa Nyoman Badera

International Journal of Management and Commerce Innovations 

ISSN 2348-7585 (Online)

Research Publish Journals

Vol. 7, Issue 2, October 2019 – March 2020

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The Effect of Financial Performance on Stock Returns of Manufacturing Companies Listed on the Indonesia Stock Exchange by Ni Komang Ning Saniardi, Ni Gusti Putu Wirawati, Gayatri, I Dewa Nyoman Badera