Pengaruh kinerja terhadap return saham dengan nilai tukar (kurs) sebagai variabel moderasi

istiqomah, istiqomah and Mardiana, Mardiana (2020) Pengaruh kinerja terhadap return saham dengan nilai tukar (kurs) sebagai variabel moderasi. Business Management Analysis Journal (BMAJ), Vol 3 (1). pp. 22-34. ISSN 2655-3813

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Abstract

The purpose of this study was to determine the effect of liquidity ratios (CR), leverage ratios (DER)
and profitability ratios (ROA) on stock returns with exchange rates (exchange rates) as a moderating
variable on pharmaceutical subsector companies listed on the Indonesia Stock Exchange for the
period 2013-2017. This type of research is quantitative research using secondary data. The method of
collecting data from this research is documentation. The sample in this study were 7 companies listed
on the Indonesia Stock Exchange in the period 2013-2017 using purposive sampling. This study uses
the classical assumption test analysis method, F test, T test and the Moderated Regression Analysis
(MRA) Test to test the data examined. The results of this test indicate that liquidity, leverage and
profitability have an influence on stock returns simultaneously. Partial testing shows that liquidity
and profitability have a positive and significant effect on stock returns, but leverage has a negative
and significant effect on stock returns. Whereas in the MRA test, it shows that the exchange rate
(exchange rate) is not able to moderate liquidity, leverage and profitability on stock returns.

Item Type:	Journal Article
Additional Information:	Kinerja Keuangan
Keywords:	Liquidity; Leverage; Profitability; Exchange Rate; Stock Returns
Subjects:	14 ECONOMICS > 1402 Applied Economics > 140207 Financial Economics
Divisions:	Faculty of Economics > Department of Management
Depositing User:	mardiana mardiana
Date Deposited:	27 Nov 2021 10:17

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