THE EFFECT OF LIQUIDITY, PROFITABILITY, SOLVENCY AND MARKET VALUATION ON STOCK RETURNS IN PHARMACEUTICAL COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE

Authors

  • Nur Chasanah Sekolah Tinggi Ilmu Ekonomi Balikpapan Author

DOI:

https://doi.org/10.52630/jmbv.v12.i02.52

Keywords:

Current Ratio, Return On Asset, Debt to Equity Ratio, Price Earning Ratio, Capital Gain

Abstract

ABSTRACT

This study aims to influence the effect of liquidity (CR), profitability (ROA), solvency (DER) and (PER) on return stock in farmation industry companies listed on the Indonesia Stock Exchange for the 2015-2021 period, either simultaneously or partially. The population in this study are farmation industry companies listed on the Indonesia Stock Exchange for the 2015-2021 period. The sampling technique used was purposive sampling. This research is a quantitative research using secondary data. The method used in this research is multiple linear regression analysis. The results of this study are simultaneously current ratio, return on assets, debt to equity ratio and price earning ratio have a significant effect on capital gain, while partially current ratio and return on asset doesn’t have a negative and not significant, price earning ratio have a negative and significant, and debt to equity ratio have a positive and not significant effect on return stock

References

Ambadar, Jackie. 2012. Membangun Usaha Menjadi Besar.

https://www.google.co.id/books/edition/Membangun_Usaha_Menjadi_Besar/T vfaUXcUKN4C?hl=id&gbpv=1&dq=e kspansi+perusahaan&pg=PA38&prints ec=frontcover.

Anwar, Mokhamad. 2019. Dasar-Dasar Manajemen Keuangan Perusahaan. https://www.google.co.id/books/edition/Dasar_Dasar_Manajemen_Keuangan_ Perusahaa/IDe2DwAAQBAJ?hl=id&g bpv=1&dq=manajemen+keuangan+teo ri+dan+praktik&printsec=frontcover.

Azis, Musdalifah, Sri Mintarti, and Maryam Nadir. 2015. Manajemen Investasi. ed. CV Budi Utama. Sleman: Deepublish. https://www.google.co.id/books/edition/Manajemen_Investasi_Fundamental_T eknikal/QUn_CAAAQBAJ?hl=id&gbp v=1&dq=jenis+investor&pg=PA241&p rintsec=frontcover.

Aziz, Hidayat Alimul. 2021. Cara Mudah Menghitung Besar Sampel. ed. Aziz Aulia N. Surabaya: Health Books Publishing.

Budiman, Raymond. 2018. Rahasia Analisis Fundamental Saham. Jakarta. https://www.google.co.id/books/edition/Rahasia_Analisis_Fundamental_Saha m/tP17DwAAQBAJ?hl=id&gbpv=1&d q=analisis+fundamental+saham&prints ec=frontcover.

Darmawan, Darmawan. 2020. Dasar-Dasar Memahami Rasio & Laporan Keuangan. ed. Lestari Maulana Dini. Yogyakarta: UNY Press. https://www.google.co.id/books/edition/Dasar_dasar_Memahami_Rasio_dan_ Laporan_K/oggREAAAQBAJ?hl=id& gbpv=1&dq=Dasar-Dasar+Memahami+Rasio+dan+Lapora n+Keuangan&pg=PA39&printsec=fron tcover.

Defrizal, and Mulyaman. 2015. Analisis Pengaruh Rasio Keuangan Terhadap Return Saham (Studi Pada Saham- Saham Sektor Manufaktur Yang Terdaftar. Manajemen dan Bisnis 6(1): 22–40. http://jurnal.ubl.ac.id/index.php/jmb/art icle/view/829 (May 10, 2022).

Dewi, Purnama, Astuti, Yunita, Luh, Ni, Made, Dewa, I Endiana, and Edy, Putu, I Arizona. 2020. Pengaruh Rasio Keuangan Dan Kebijakan Dividen Terhadap Return Saham. Kharisma 2 (http://e- journal.unmas.ac.id/index.php/kharism a/issue/view/114): 227–29. http://e- journal.unmas.ac.id/index.php/kharism a/article/view/1494 (May 10, 2022).

Eduardus. Analisis Investasi Dan Manajemen Fortofolio. In 2010,.

Francis, Hutabarat. 2020. Analisis Kinerja Keuangan Perusahaan. ed. Puspitasari Gita. Serang: IKAPI Banten. https://www.google.co.id/books/edition/Analisis_Kinerja_Keuangan_Perusaha an/Vz0fEAAAQBAJ?hl=id&gbpv=1& dq=Analisis+Kinerja+Keuangan+Perus ahaan&printsec=frontcover.

Gitayuda, Singgih, Yoyon Supriadi, and Putri Noor. 2022. Manajemen Investasi. ed. Novita Yuliatri. Padang: PT Global Eksekutif Teknologi. https://www.google.co.id/books/edition/Manajemen_Investasi/fAiBEAAAQB AJ?hl=id&gbpv=1&dq=eduardus+tand elilin&pg=PA46&printsec=frontcover.

Grami, Ali. 2020. Probability, Random Variables, Statistics, and Random Processes. https://www.google.co.id/books/edition/Probability_Random_Variables_Statistics/NuSLDwAAQBAJ?hl=id&gbpv=1 &dq=do+not+put+all+your+eggs+in+o ne+basket&pg=PT89&printsec=frontco ver. DOI: https://doi.org/10.1002/9781119300847

Hantono, Hantono. 2018. Konsep Analisa Laporan Keuangan Dengan Pendekatan Rasio & SPSS. Sleman: CV Budi Utama.

Hery, Hery. 2015. Analisis Kinerja Keuangan IDX. 2022. IDX Channel. https://www.idxchannel.com/market- news.

Ikatan Akuntan Indonesia (IAI) 2015. 2014. Standar Akuntansi Keuangan revisi Standar Akuntansi Keuangan Revisi 2015. Jakarta.

Irfani, Agus S. 2020. Manajamen Keuangan Dan Bisnis. : 1–475. https://www.google.co.id/books/edition/MANAJEMEN_KEUANGAN_DAN_

BISNIS_Teori_dan/qln8DwAAQBAJ? hl=id&gbpv=1&dq=manajemen+keuan gan+teori+dan+praktik&printsec=front cover.

Kariyoto, Kariyoto. 2017. Analisa Laporan Keuangan. ed. Brawijaya Universitas. Malang: Universitas Brawijaya Press. https://www.google.co.id/books/edition/Analisa_Laporan_Keuangan/DjBODw AAQBAJ?hl=id&gbpv=1&dq=Analisa+Laporan+Keuangan+kariyoto&printse c=frontcover.

Maria, Widyatuti. 2017. Analisa Kritis Laporan Keuangan. Surabaya: CV. Jakad Publishing Surabaya. https://www.google.co.id/books/edition/Buku_Ajar_ANALISA_KRITIS_LAP ORAN_KEUANGA/0lfYDwAAQBAJ?hl=id&gbpv=1&dq=Analisa+Kritis+Laporan+Keuangan&pg=PA11&printsec=frontcover.

Masiyah, Kholmi. 2019. Akuntansi Manajemen. Malang: Universitas Muhammadiyah Malang. https://www.google.co.id/books/edition/AKUNTANSI_MANAJEMEN/qUAK

EAAAQBAJ?hl=id&gbpv=1&dq=Aku ntansi+Manajemen&printsec=frontcov er.

Nia, Yuniarsih. 2018. Akuntansi Keuangan Menengah. ed. Wijaya Wednri Rio. Surabaya: CV. Jakad Publishing Surabaya. https://www.google.co.id/books/edition/Buku_Ajar_AKUNTANSI_KEUANG AN_MENENGAH/8MvXDwAAQBAJ?hl=id&gbpv=1&dq=Akuntansi+Keua ngan+Menengah+yuniarsih&pg=PA1& printsec=frontcover.

Nursalam, and A.G Fallis. 2020. Return Dan Rasio Saham Indeks. Journal of Chemical Information and Modeling 53(9): 1689–99.

Parwati, Dika Ayu R.R, and Mertha Gede Sudiartha. 2016. Pengaruh Profitabilitas, Leverage, Likuditas dan Penilaian Pasar Terhadap Return Saham Pada Perusahaan Manufaktur. Manajemen Unud 5(1): 385–413. https://scholar.google.com/citations?us er=veuvzgkAAAAJ&hl=id&oi=sra (May 10, 2022).

Prihadi, Toto. 2019. Analisis Laporan Keuangan

Putra, Ade, and Ayu Laali. 2022. Metode Penelitian. ed. Lasaudin. Sumatra Barat: Insan Cendikia Mandiri. https://www.google.co.id/books/edition/METODE_PENELITIAN/J36fEAAAQBAJ?hl=id&gbpv=1&dq=metode+pe nelitian+ade+putra+ode&pg=PR3&pri ntsec=frontcover.

Rahmi, Tutia, Tertiarto Wahyudi, and Rochmawati Daud. 2018. 12 Pengaruh Kinerja Keuangan Terhadap Return Saham Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. https://ejournal.unsri.ac.id/index.php/ja/ article/view/9315 (May 10, 2022). DOI: https://doi.org/10.29259/ja.v12i2.9315

Sandu, Siyoto. 2015. Dasar Metodologi Penelitian.

Sri Indiyani, Putu, Ni Made Sunarsih, and Ida Ayu Nyoman Yuliastuti. 2020. Analisis Pengaruh Rasio Keuangan Terhadap Return Saham Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2016-2018. Ekonomi & Pariwisata 15(1): 69–78. https://jurnal.undhirabali.ac.id/index.ph p/pariwisata/article/view/1073 (May 10, 2022).

Sulistyanto, Sri. 2021. Manajeman Laba. https://www.google.co.id/books/edition/Manajemen_Laba_Teori_Model_Empi ris/j4lzrAw1TGcC?hl=id&gbpv=1&dq=teori+sinyal&pg=PA65&printsec=fro ntcover.

Sumiati, and Indrawati Khusniyah Nur. 2019. Manajemen Keuangan Perusahaan. ed. UB Press. Malang: UB Press.

Syaiful, Bahri. 2016. Pengantar Akuntansi Berdasarkan SAK ETAP Dan IFRS. ed. Risanto Erang. Yogyakarta: CV. Andi Offset. https://www.google.co.id/books/edition/Pengantar_Akuntansi_Berdasarkan_S AK_ETAP/W0YQEAAAQBAJ?hl=id&gbpv=1&dq=Pengantar+Akuntansi+ Berdasarkan+SAK+ETAP+dan+IFRS &printsec=frontcover.

Tarjo, Tarjo. 2019. Metode Penelitian. Yogyakarta: CV Budi Utama.

Published

2025-04-23

How to Cite

THE EFFECT OF LIQUIDITY, PROFITABILITY, SOLVENCY AND MARKET VALUATION ON STOCK RETURNS IN PHARMACEUTICAL COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE. (2025). Visioner : Jurnal Manajemen Dan Bisnis, 12(02), 221-240. https://doi.org/10.52630/jmbv.v12.i02.52