Faktor-Faktor yang Mempengaruhi Return Saham pada Perusahaan yang Tercatat pada Indeks LQ-45

Abstract

This study aims to analyze the effect of Debt to Equity Ratio, Return on Equity and Earning per Share on Stock Returns in companies listed on the LQ-45 Index on the Indonesia Stock Exchange. The population used in this study were LQ-45 companies listed on the IDX during the 2017-2021 period, with a sample of 10 companies and a total of 50 observations. Analysis data using multiple linear regression analysis. The results of the study, it shows that the Debt to Equity Ratio has a significant positive effect on Stock Returns, Return on Equity has an insignificant positive effect on stock returns, and Earning per Share has a not significant positive effect on stock returns. The results of the determination test show an adjusted R² value of 0.71, which means that the Debt to Equity Ratio, Return on Equity and Earning per Share variables are able to explain the Stock Return variable of 7.1% while the remaining 92.9% is explained by other factors that are not included in the regression model. Keywords: Stock Return, Debt to equity ratio, Return on Equity and Earning per Share.