Pengaruh Solvabilitas, Profitabilitas, Likuiditas Dan Ukuran Perusahaan Terhadap Return Saham (Studi Kasus Pada Perusahaan Farmasi Yang Terdaftar Di Bursa Efek Indonesia (BEI) 2015-2020)

Abstract

Abstract

This study aims the effect of solvency, profitability, liquidity and company size on stock returns in Pharmaceutical Companies Listed on the Indonesia Stock Exchange in 2015-2020. In this study, there are 4 (four) independent variables, namely solvency as proxied by Debt to Equity Ratio (DER), profitability as proxied by Return on Assets (ROA), liquidity proxied by Current Ratio (CR) and company size. The population in this study were all pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2020 period with a total of 10 companies. Sampling technique using purposive sampling method obtained a sample of data as many as 7 companies. This research data collection method uses the method of data documentation listed in the annual report (IDX). The data analysis technique in this study used multiple linear regression with SPSS ver 26 software. The results showed that partially DER, ROA, and firm size  had a positive and significant effect on stock returns. CR has a positive and non-significant effect on stock returns.

Keywords: solvency, profitability, liquidity, firm size, stock return.