PENGARUH LIKUIDITAS, LEVERAGE, AKTIVITAS, DAN PROFITABILITAS TERHADAP RETURN SAHAM PADAPERUSAHAAN OTOMOTIF YANG TERDAFTARDI BURSA EFEK INDONESIA
Abstract
This study analyzes the influence of liquidity (CR), Leverage (DAR), Activities (IT), and profitability (NPM) on Stock Return of unbalance panel data at automotive companies listed in Indonesia Stock Exchange for the period of 2009 to 2013. This study uses purposive samplings which cover 12 Automotive and Allied Product company as sample during the period 2009 to 2013. The multiple regressions of panel data is analyzed using Random Effect Mode. The results of analysis show that profitability (NPM) has a significant positive effect on Stock Return, while liquidity (CR), Leverage (DAR) and Activity (IT) do not effect on Stock Return. Predictive capability of Liquidity (CR), Leverage (DAR), Activities (IT), and profitability (NPM) on Stock Return is 16% and the remaining 84% was influenced by other factors not included in the research model.
Keywords: Liquidity (CR), Leverage (DAR), Activities (IT), Profitability (NPM), Stock Return.
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