PENGARUH PROFITABILITAS, LEVERAGE, DAN LIKUIDITAS TERHADAP RETURN SAHAM LQ45

Abstrak

The capital market plays a crucial role in a country's economy as it serves as a platform for allocating funds from those with surplus capital (investors) to those in need of capital (issuers) to develop their businesses. The ever-changing dynamics of the capital market require investors to continually analyze various factors that may influence stock returns. This study aims to analyze the partial and simultaneous effects of the variables Profitability, Leverage, and Liquidity on Stock Returns of companies listed in the LQ45 index on the Indonesia Stock Exchange for the period 2020-2023. This research is quantitative and uses secondary data sourced from the Indonesia Stock Exchange and Yahoo Finance. Based on the test results, it is concluded that partially, profitability variables measured by Return on Assets (ROA) and liquidity measured by Current Ratio (CR) have a negative and insignificant impact on stock returns in companies listed in the LQ45 index. Meanwhile, leverage variable measured by Debt to Equity Ratio (DER) has a negative and significant impact on stock returns in companies listed in the LQ45 index during the period 2020-2023. Simultaneously, ROA, DER, and CR variables collectively have a significant impact on stock returns in companies listed in the LQ45 index on the Indonesia Stock Exchange during the period 2020-2023.