Analysis of the Effect of PER, ROA, ROE, NPM on Stock Returns on LQ45 Index Companies on the IDX in 2018-2020

Riyantini, Ni Kadek Ari and Saputra, Made Dana and Bagiada, I Made (2022) Analysis of the Effect of PER, ROA, ROE, NPM on Stock Returns on LQ45 Index Companies on the IDX in 2018-2020. Repository Politeknik Negeri Bali.

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Abstract

Investment is an activity that aim to make a profit by buying shares in the capital market. Since stock returns represent the amount of return on investment that investors expect, they should be aware of these elements before making an investment. This can be used as a consideration for buying shares. This study was conducted to determine whether the variables PER, ROA, ROE, NPM partially and simultaneously had a significant effect on stock returns. The object of this study is the LQ45 index company on the Indonesia Stock Exchange for the 2018-2020 period. The analysis technique used in this study was multiple linear regression analysis by processing data on IBM SPSS Statistics 25. The samples used were 28 LQ45 index companies with purposive sampling as a sample selection method. The result of the study obtained in this study are that per partially has a significant positive effect on stock returns while ROA, ROE, NPM partially do not have a significant effect on stock returns. Simultaneously, that PER, ROA, ROE, NPM have a significant effect on the stock return of LQ45 index companies in 2018-2020.

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