The Effect of Financial Performance on Stock Returns of Non- Banking Companies in Indonesia

Authors

  • Andre Suryaningprang University of Indonesia Membangun, Indonesia
  • Yoyo Sudaryo University of Indonesia Membangun, Indonesia
  • Andhika Mochamad Siddiq University of Indonesia Membangun, Indonesia
  • Dedi Supiyadi University of Indonesia Membangun, Indonesia

DOI:

https://doi.org/10.38035/gijea.v2i2.215

Keywords:

Financial Performance, Return on Assets, Return on Equity, Current Ratio, Debt to Equity Ratio, Economic Value Added, Stock Returns

Abstract

This study objectively examines how financial performance metrics affect stock returns. ROA, ROE, CR, DER, and EVA are being examined. This study uses secondary data from external sources. This study used purposive sampling to choose a sample based on criteria. This study covers 2015–2023 Indonesia Stock Exchange (IDX) LQ 45 Index non- banking companies. Companies from the LQ 45 Index and Sri Kehati Index were carefully selected for the sample. The sample included 46 non-banking firms. As the best analysis model, panel data regression with fixed effect was used. Insignificant association exists between ROA and stock returns.

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Published

2024-07-26

How to Cite

Suryaningprang, A., Sudaryo, Y., Mochamad Siddiq, A., & Supiyadi, D. (2024). The Effect of Financial Performance on Stock Returns of Non- Banking Companies in Indonesia. Greenation International Journal of Economics and Accounting, 2(2), 151–161. https://doi.org/10.38035/gijea.v2i2.215

Issue

Vol. 2 No. 2 (2024): (GIJEA) Greenation International Journal of Economics and Accounting (June - August 2024)

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Copyright (c) 2024 Andre Suryaningprang, Yoyo Sudaryo, Andhika Mochamad Siddiq, Dedi Supiyadi

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