PENGARUH KONDISI PASAR MODAL DAN RASIO KEUANGAN TERHADAP RETURN SAHAM DI BURSA EFEK INDONESIA

Abstrak

This research was conducted at Consumer Goods Industry Company in Indonesia Stock Exchange period 2013-2015 period. The number of population taken as many as 26 companies with census method. Data collection is done through secondary data. Analytical techniques conducted in this study using multiple linear regression method using free variable capital market conditions proxied with the growth of IHSG and financial ratios proxied with ROA, DER, and PER. Based on the results of the analysis found that the growth variables of IHSG, ROA, DER, and PER simultaneously have a significant effect on stock returns. This shows the increasing value of IHSG, ROA, PER and decreasing the DER value then the stock return will increase. JCI growth partially significant effect on stock return. Return on asset partially significant effect on stock return. Debt to equity ratio partially has a significant negative effect on stock return. Price earnings ratio partially significant effect on stock return.