PENGARUH KINERJA KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI (2019-2023)

Milla Rizqi Agustin; Dwi Susilo

Authors

Milla Rizqi Agustin Universitas Pekalongan
Dwi Susilo Universitas Pekalongan

Keywords:

Return on Equity (ROE), Debt to Equity Ratio (DER), Earning Per Share (EPS), Stock Returns

Abstract

In increasingly competitive industrial conditions, especially in the textile and garment sectors, the effectiveness and efficiency of operational management are the key to achieving optimal performance. Understanding and analyzing the factors that affect financial performance is essential to attract investors and increase the company's competitiveness in an increasingly competitive market. Good financial performance not only reflects the health of the company, but has the potential to provide higher stock returns, so it is one of the considerations for investors in determining investment decisions. This study aims to analyze the influence of financial performance with the variables Return on Equity (ROE), Debt to Equity Ratio (DER) and Earning Per Share (EPS) and stock returns. The population used in this study is manufacturing companies in the textile and garment sectors listed on the IDX for the period of 2019-2023. The sample in this study is 13 companies with a sample withdrawal method using purposive sampling. The data used is secondary data. The analysis technique used is multiple linear regression. The results showed that the ROE variable had a significant positive effect on stock returns, DER had a positive and insignificant effect on stock returns, and EPS had a significant positive effect on stock returns.

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