PENGARUH RASIO LIKUIDITAS DI UKUR DENGAN CURRENT RATIO (CR), QUICK RATIO (QR) DAN RASIO PROFITABILITAS DI UKUR DENGAN RETURN ON ASSETS (ROA), RETURN ON EQUITY (ROE) TERHADAP RETURN SAHAM DI PERUSAHAAN OTOMOTIF PERIODE 2012-2014 DI BURSA EFEK INDONESIA (
Abstract
In running the business of each company, especially companies that go public
require substantial capital. Therefore, the owner is directed to the capital markets to
attract investors. Investors tend to choose stocks that can provide maximum benefit.
This study aims to know the effect of the current ratio (CR), quick ratio (QR), return on
assets (ROA) and return on equity (ROE), simultaneously and partially on stock returns
automotive companies that go public in Indonesia Stock Exchange period 2012 - 2014.
the research type used is explanatory, multiple linear regression, correlation coefficient
analysis, coefficient of determination analysis, F test and T. dependent variable stock
returns and independent variables CR, QR, ROA and ROE. Simultaneously, the analysis
shows that CR, QR, ROA and ROE have influence on stock returns with a value
analysis regression coefficient consecutive y = 0.139 + 0.004 X₠- 0.768 X₂ + 0.009 X₃
+ 0.008 Xâ‚„ which means that the variable CR, ROA, and ROE has a positive influence
on stock returns. whereas for variable QR negative effect. Partial correlation coefficient
(r) respectively for 0.127619; 0.253654; 0.213551; 0.050402 shows the relationship
between independent variables and the dependent variable is positive as it approaches +
1. This means that research is able to sample that can be applied also to the population.
The coefficient of determination (R ²) of 0.378 = 37.8% of adjusted R square of 0.143 =
14.3% means that all four independent variables have an influence of 14.3% and 85.7%
influenced by other factors. Significance test (t test) for each variable of CR = 0642,
0946 = ROE, ROA = 0.926 and QR = 0.500, which means no effect on stock returns
because of its significance> 0.05. meurut simultaneous test also showed that 0.292 <of
which 4.12. In addition it also shows the significance of greater value than alpha with
alpha 0.05 then Hâ‚€ acceptable means independent variable has no effect on the
dependent variable significantly with 95% confidence level. So it can be concluded that
the variable (X) is CR, QR, ROA and ROE do not significantly affect stock return (Y).
Keywords: (CR, QR, ROA, and ROE) (stock return)
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