THE EFFECT OF RETURN ON ASSETS, RETURN ON EQUITY, FIRM SIZE AND OPERATING CASH FLOW ON STOCK RETURNS IN FOOD AND BEVERAGE COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE (IDX)
DOI:
https://doi.org/10.32815/ecosia.vi.42Keywords:
Return On Assets, Return On Equity, Firm Size, Operating Cash Flow, Stock ReturnAbstract
This study aims to determine the effect of Return On Assets, Return On Equity, Firm Size, and Operating Cash Flow on Stock Returns listed on the Indonesia Stock Exchange (IDX). This research was conducted on companies listed on the Indonesia Stock Exchange for the period 2018-2020. The sampling technique used in this research is the purposive sampling technique. The sample of this study was 29 companies. The data used is secondary data and the data analysis technique used is multiple linear regression analysis with the help of the Statistical Product and Service Solution (SPSS) version 25.0 program to test the effect of the independent variables on the dependent variable. Based on the results of the research analysis, it was found that Return on Equity, Firm size and Operating Cash Flow had a positive and significant effect on Stock Return, while Return on Assets had no effect on Stock Return.
References
Atiqoh, R., Hetika, & Krisdiyawati. (2019). THE EFFECT OF STOCK LIQUIDITY AND RETURN ON EQUITY (ROE) ON STOCK RETURNS IN LQ45 INDEX COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE. Journal Of Accounting, 126(1), 1–7.
Bahri, S. (2018). Complete Business Research Methodology with SPSS Data Processing Techniques (E. Risanto (ed.); 1st ed.). ANDI Publishers.
Basalama, I. S., Murni, S., & Sumarauw, J. S. B. (2015). Effect of Current Ratio, DER and ROA on Stock Returns in Automotive and Component Companies for the 2013-2015 Period. The Journal of the Japan Society for Respiratory Endoscopy, 37(3), 343. https://doi.org/10.18907/jjsre.37.3_343_4
Carlo, M. A. (2014). THE EFFECT OF RETURN ON EQUITY, DIVIDEND PAYOUT RATIO, AND PRICE TO EARNINGS RATIO ON STOCK RETURNS. 1, 151–164.
Erari, A. (2014). Analysis of the Effect of Current Ratio, Debt To Equity Ratio, and Return On Assets on Stock Returns in Mining Companies on the Indonesia Stock Exchange. Journal of Business Management, University of Muhammadiyah Yogyakarta, 5(2), 174–191. https://doi.org/10.18196/mabis.v5i2.1099
Febrion, R. (2018). Effect Of Return On Assets, Return On Equity, Earning Per Share, And Current Ratio On Stock Return ( On Company That Listed On Index Lq45 On Indonesia Stock Exchange. Angewandte Chemie International Edition, 6(11), 951–952. , 3(3), 3439–3449.
Gunadi, G. G., & Kesuma, I. K. W. (2015). The effect of ROA, DER, EPS on Return... assess the company's performance to estimate returns. Crabb ( 2003 ) in estimating the share price of a company . Constellation. E-Journal of Management of Udayana University, 4(6), 1636-1647 ISSN: 2302-8912.
Handayati, R., & Zulyanti, N. R. (2018). THE EFFECT OF EARNINGS PER SHARE (EPS), DEBT TO EQUITY RATIO (DER), AND RETURN ON ASSETS (ROA) ON STOCK RETURNS IN MANUFACTURING COMPANIES LISTED ON THE IDX. III(1), 615–620.
Mangantar, A. A. A., Mangantar, M., Baramuli, D. N., Economics, F., Business, D., Management, J., Sam, U., & Manado, R. (2020). Effect of Return on Asset, Return on Equity And Debt To Equity Ratio On Stock Return In Food and Beverage Subsector On Indonesia Stock Exchange. EMBA Journal: Journal of Economic Research, Management, Bisnis And Accounting, 8(1), 272–281.
Mayuni, ida ayu ika, & Suarjaya, G. (2018). the effect of roa, firm size, eps, and per on stock returns in the manufacturing sector in bei. 7(8), 4063–4093.
Nur, F., Samalam, A., Mangantar, M., Saerang, I. S., Economy, F., Bisnis, D., Management, J., Sam, U., & Manado, R. (2018). Effect of Return on Assets, Return on Equity And Debt To Equity Ratio On Stock Returns In Insurance Companies In Bei Period 2012-2016. EMBA Journal: Journal of Economic Research, Management, Business And Accounting, 6(4), 3863–3872.
Nurhayani. A, A., & Mandala, K. (2016). Effect of Return on Equity, Earning Per Share, Firm Size And Operating Cash Flow On Stock Returns. E-Journal of Management of Udayana University, 5(11), 30.
Nurmasari, I. (2017). analysis of current ratio, return on equity, debt to equity ratio and revenue growth affects the return of shares in mining companies on the Indonesian stock exchange 2010-2014. 5(1), 112–131.
Nyoman, N., Jayanti, S., Devi, P., Gede, L., & Artini, S. (2019). THE EFFECT OF ROE, DER, PER, AND EXCHANGE RATE ON STOCK RETURNS. 8(7), 4183–4212.
Oktofia, L., Ibrohim, I., Kartika, R., rachmawati ria, Andriyanto, N. D., Maulida, A., Hermuningsih, S., Debt, P., Equity, T. O., Per, E., Dan, S., Margin, P., Return, T., Febrion, R., Fitriana, D., Oemar, A., Andini, R., Erari, A., Pratiwi, N. P. T. W., ... Sepang, J. L. (2016). The Effect of DER, ROA, and DPR on Stock Returns in the Utilities, Infrastructure, and Transportation Sectors. E-Journal of Management of Udayana University, 4(3), 1296–1305. https://doi.org/10.18907/jjsre.37.3_343_4
Pratiwi, N. P. T. W., & Putra, I. W. (2015). Effect of Financial Ratio, Company Size, Cash Flow of Operating Activities on Stock Returns. E-Journal of Accounting Udayana University, 11(2), 531–546.
Son, F. E. P. E., & Kindangen, P. (2016). Effect of Return on Assets (Roa), Net Profit Margin (Npm), And Earning Per Share (Eps) On Stock Returns Of Food And Beverage Companies Listed On The Indonesia Stock Exchange (Period 2010-2014). Journal of Economic Research, Management, Business And Accounting, 4(3), 235–245.
rachmawati ria. (2016). Effect of Operating Cash Flow and Accounting Profit on Ria Rachmawati's Stock Return. ASSETS Journal of Accounting And Investment, 1(2), 28–36.
Setiyono, E. (2016). THE EFFECT OF WISHFUL THINKING PERFORMANCEAND COMPANY SIZE ON STOCK RETURNS. 5.
Setiyono, E., & Amanah, L. (2016). THE EFFECT OF FINANCIAL PERFORMANCE AND COMPANY SIZE ON THE RETURN OF SHARES OF Lailatul Amanah, Indonesian College of Economics (STIESIA) Surabaya. Journal of Science and Research Akuntansi, 5(5), 2–17.
Sudjarni, N. &. (2017). Effect Of Liquidity, Profitability And Market Value On Stock Returns Of F &B Companies In Bei. E-Journal of Management, 6(8), 4481–4509.
Sugiarto, A. (2011). ANALYSIS OF THE EFFECT OF BETA, COMPANY SIZE, DER AND PBV RATIO ON THE RETURN OF AGUNG SUGIARTO'S SHARES. 3(1), 8–14.
Ulupui, I. G. K. A. (2010). Analysis of the influence of liquidity ratios,. 1–20.
Worotikan, E. R. C., Koleangan, R. A. M., & Sepang, J. L. (2021). THE EFFECT OF CURRENT RATIO (CR), DEBT TO EQUITY RATIO (DER ), RETURN ON ASSETS (ROA) AND RETURN ON EQUITY (ROE) ON STOCK RETURNS IN FOOD AND BEVERAGES COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2014-2018 THE EFFECT OF CURRENT R. 9(3), 1296–1305.
Bahri, S. (2018). Complete Business Research Methodology with SPSS Data Processing Techniques (E. Risanto (ed.); 1st ed.). ANDI Publishers.
Basalama, I. S., Murni, S., & Sumarauw, J. S. B. (2015). Effect of Current Ratio, DER and ROA on Stock Returns in Automotive and Component Companies for the 2013-2015 Period. The Journal of the Japan Society for Respiratory Endoscopy, 37(3), 343. https://doi.org/10.18907/jjsre.37.3_343_4
Carlo, M. A. (2014). THE EFFECT OF RETURN ON EQUITY, DIVIDEND PAYOUT RATIO, AND PRICE TO EARNINGS RATIO ON STOCK RETURNS. 1, 151–164.
Erari, A. (2014). Analysis of the Effect of Current Ratio, Debt To Equity Ratio, and Return On Assets on Stock Returns in Mining Companies on the Indonesia Stock Exchange. Journal of Business Management, University of Muhammadiyah Yogyakarta, 5(2), 174–191. https://doi.org/10.18196/mabis.v5i2.1099
Febrion, R. (2018). Effect Of Return On Assets, Return On Equity, Earning Per Share, And Current Ratio On Stock Return ( On Company That Listed On Index Lq45 On Indonesia Stock Exchange. Angewandte Chemie International Edition, 6(11), 951–952. , 3(3), 3439–3449.
Gunadi, G. G., & Kesuma, I. K. W. (2015). The effect of ROA, DER, EPS on Return... assess the company's performance to estimate returns. Crabb ( 2003 ) in estimating the share price of a company . Constellation. E-Journal of Management of Udayana University, 4(6), 1636-1647 ISSN: 2302-8912.
Handayati, R., & Zulyanti, N. R. (2018). THE EFFECT OF EARNINGS PER SHARE (EPS), DEBT TO EQUITY RATIO (DER), AND RETURN ON ASSETS (ROA) ON STOCK RETURNS IN MANUFACTURING COMPANIES LISTED ON THE IDX. III(1), 615–620.
Mangantar, A. A. A., Mangantar, M., Baramuli, D. N., Economics, F., Business, D., Management, J., Sam, U., & Manado, R. (2020). Effect of Return on Asset, Return on Equity And Debt To Equity Ratio On Stock Return In Food and Beverage Subsector On Indonesia Stock Exchange. EMBA Journal: Journal of Economic Research, Management, Bisnis And Accounting, 8(1), 272–281.
Mayuni, ida ayu ika, & Suarjaya, G. (2018). the effect of roa, firm size, eps, and per on stock returns in the manufacturing sector in bei. 7(8), 4063–4093.
Nur, F., Samalam, A., Mangantar, M., Saerang, I. S., Economy, F., Bisnis, D., Management, J., Sam, U., & Manado, R. (2018). Effect of Return on Assets, Return on Equity And Debt To Equity Ratio On Stock Returns In Insurance Companies In Bei Period 2012-2016. EMBA Journal: Journal of Economic Research, Management, Business And Accounting, 6(4), 3863–3872.
Nurhayani. A, A., & Mandala, K. (2016). Effect of Return on Equity, Earning Per Share, Firm Size And Operating Cash Flow On Stock Returns. E-Journal of Management of Udayana University, 5(11), 30.
Nurmasari, I. (2017). analysis of current ratio, return on equity, debt to equity ratio and revenue growth affects the return of shares in mining companies on the Indonesian stock exchange 2010-2014. 5(1), 112–131.
Nyoman, N., Jayanti, S., Devi, P., Gede, L., & Artini, S. (2019). THE EFFECT OF ROE, DER, PER, AND EXCHANGE RATE ON STOCK RETURNS. 8(7), 4183–4212.
Oktofia, L., Ibrohim, I., Kartika, R., rachmawati ria, Andriyanto, N. D., Maulida, A., Hermuningsih, S., Debt, P., Equity, T. O., Per, E., Dan, S., Margin, P., Return, T., Febrion, R., Fitriana, D., Oemar, A., Andini, R., Erari, A., Pratiwi, N. P. T. W., ... Sepang, J. L. (2016). The Effect of DER, ROA, and DPR on Stock Returns in the Utilities, Infrastructure, and Transportation Sectors. E-Journal of Management of Udayana University, 4(3), 1296–1305. https://doi.org/10.18907/jjsre.37.3_343_4
Pratiwi, N. P. T. W., & Putra, I. W. (2015). Effect of Financial Ratio, Company Size, Cash Flow of Operating Activities on Stock Returns. E-Journal of Accounting Udayana University, 11(2), 531–546.
Son, F. E. P. E., & Kindangen, P. (2016). Effect of Return on Assets (Roa), Net Profit Margin (Npm), And Earning Per Share (Eps) On Stock Returns Of Food And Beverage Companies Listed On The Indonesia Stock Exchange (Period 2010-2014). Journal of Economic Research, Management, Business And Accounting, 4(3), 235–245.
rachmawati ria. (2016). Effect of Operating Cash Flow and Accounting Profit on Ria Rachmawati's Stock Return. ASSETS Journal of Accounting And Investment, 1(2), 28–36.
Setiyono, E. (2016). THE EFFECT OF WISHFUL THINKING PERFORMANCEAND COMPANY SIZE ON STOCK RETURNS. 5.
Setiyono, E., & Amanah, L. (2016). THE EFFECT OF FINANCIAL PERFORMANCE AND COMPANY SIZE ON THE RETURN OF SHARES OF Lailatul Amanah, Indonesian College of Economics (STIESIA) Surabaya. Journal of Science and Research Akuntansi, 5(5), 2–17.
Sudjarni, N. &. (2017). Effect Of Liquidity, Profitability And Market Value On Stock Returns Of F &B Companies In Bei. E-Journal of Management, 6(8), 4481–4509.
Sugiarto, A. (2011). ANALYSIS OF THE EFFECT OF BETA, COMPANY SIZE, DER AND PBV RATIO ON THE RETURN OF AGUNG SUGIARTO'S SHARES. 3(1), 8–14.
Ulupui, I. G. K. A. (2010). Analysis of the influence of liquidity ratios,. 1–20.
Worotikan, E. R. C., Koleangan, R. A. M., & Sepang, J. L. (2021). THE EFFECT OF CURRENT RATIO (CR), DEBT TO EQUITY RATIO (DER ), RETURN ON ASSETS (ROA) AND RETURN ON EQUITY (ROE) ON STOCK RETURNS IN FOOD AND BEVERAGES COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2014-2018 THE EFFECT OF CURRENT R. 9(3), 1296–1305.
Downloads
Published
2022-12-19
How to Cite
Nurfadhila, K., & Wardana, D. (2022). THE EFFECT OF RETURN ON ASSETS, RETURN ON EQUITY, FIRM SIZE AND OPERATING CASH FLOW ON STOCK RETURNS IN FOOD AND BEVERAGE COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE (IDX). Ecosia International Conference, 450–463. https://doi.org/10.32815/ecosia.vi.42
Issue
Section
Articles
