The Influence of Return On Equity, Net Profit Margin, Debt To Equity Ratio, and Dividend Payout Ratio On Stock Returns In Coal Sub Sector Companies Listed On The IDX 2018-2022
DOI:
https://doi.org/10.38035/dijefa.v5i2.2546Keywords:
Stock Return, Return On Equity, Net Profit Margin, Debt To Equity Ratio, Dividend Payout RatioAbstract
Happen fluctuations in stock returns in coal sub-sector companies for the 2018-2022 period. This research aims to determine the effect of return on equity, net profit margin, debt to equity ratio, and dividend payout ratio on stock returns in coal sub-sector companies listed on the IDX for the 2018-2022 period. The method used in this research is quantitative. The type of data used is secondary data with a population of 31 coal companies using a purposive sampling method and 19 companies used as samples. The data analysis technique used is panel data regression. The research results show that ROE, NPM, DER, and DPR influence stock returns.
References
Andriyanto, Nova Dwi, Alfiatul Maulida, and Sri Hermuningsih. 2021. "The Influence of DER, ROA, and DPR on Stock Returns in the Utilities, Infrastructure, and Transportation Sectors." Al-Kharaj : Journal of Sharia Economics, Finance & Business 4(3): 772–81.
Central Bureau of Statistics. (2022). GDP Development, https://www.bps.go.id/id
Indonesia stock exchange. (2022). Financial Report, https://www.idx.co.id/id
Carlo, Michael Aldo. 2014. "The Influence of Return on Equity, Dividend Payout Ratio, and Price To Earnings Ratio on Stock Returns." Udayana University Accounting E-Journal 7(1): 151–64.
CNBC Indonesia. (2022). Batu Bara, from https://www.cnbcindonesia.com
Devi, Ni Nyoman Sri Jayanti Perwani, and Luh Gede Sri Artini. 2019. "The Influence of Roe, Der, Per, and Exchange Rates on Stock Returns." Udayana University Management E-Journal 8(7): 4183.
Ghozali. (2021). Multivariate Analysis Application with the IBM SPSS 23 Program. Diponegoro University Publishing Agency.
Information, Engineering Journal. 2020. “Information Engineering Journal, Vol..9, No.1, April 2020.” (1): 6–19.
Januardin, Januardin et al. 2020. "The Influence of DER, NPM, and PER on Stock Returns in Property and Real Estate Sector Companies on the Indonesian Stock Exchange." Owner (Accounting Research and Journal) 4(2): 423.
Jogiyanto, H. (2010). Portfolio Theory and Investment Analysis (Ketu Edition). BPFE.
Kartika, Ayu, Lies Handrijaningsih, Septi Mariani TR, and Anisah Anisah. 2022. "The Effect of Price Earning Ratio, Return O Equity, Debt to Equity Ratio, Firm Size, and Dividend Payout Ratio to the Stock Returns on Banks Listed in LQ45 Index 2015-2020." Ilomata International Journal of Tax and Accounting 3(4): 435–47.
Manaida, Asty Maria, Maryam Mangantar, and Paulina Van Rate. 2021. "Analysis of the Effect of Price to Earning Ratio (PER), Debt to Equity Ratio (DER), and Dividend Payout Ratio (DPR) on Share Returns in Mining Companies Listed on the Indonesian Stock Exchange for the 2015-2019 Period." EMBA Journal. Department of Management, Faculty of Economics and Business. Samratulangi University 9(4): 593–604.
Mariana, Hanik, and Miladiah Kusumaningarti. 2020. "The Influence of Dividend Payout Ratio, Price To Book Value Ratio, and Price To Earning Ratio on Stock Returns in Insurance Companies Listed on BEI." Jca (Journal of Accounting Scholars) 1(1): 36.
Mayuni, Ida Ayu Ika, and Gede Suarjaya. 2018. "The Influence of ROA, Firm Size, EPS, and PER on Stock Returns in the Manufacturing Sector on the IDX." Unud Management E-Journal 7(8): 4063–93. https://doi.org/10.24843/EJMUNUD.2018.v7.i08.p2.
Mochammad Ridwan Ristyawan. 2019. "The Influence of Return On Equity (ROE), Debt To Assets Ratio (DAR), Price To Book Value (PBV) and Net Profit Margin (NPM) on the Return of Plantation Sector Shares Listed on the Indonesian Stock Exchange 2011-2017." Journal of Business Economics and entrepreneurship 8: 1–17.
Ningsih, Wiwi Widya, and Novera Kristanti Maharani. 2022. "The Influence of Dividend Policy, Return on Assets and Return on Equity on Stock Returns." PAPATUNG: Journal of Public Administration, Government and Politics 5(1): 60–69.
Nurmayasari, Chintya, Haryono Umar, and Agustina Indriani. 2021. "Effect of Current Ratio, Return on Equity, Debt to Equity Ratio, and Earnings per Share on Stock Returns of Mining Companies Listed on the Indonesia Stock Exchange." Budapest International Research and Critics Institute-Journa 4(3): 4967–82. https://doi.org/10.33258/birci.v4i3.2283.
Sinaga, Annisa Nauli, Eric Eric, Rudy Rudy, and Valencia Wiltan. 2020. "Current Ratio, Debt to Equity Ratio, Return on Equity, Dividend Payout Ratio and Size of Share Returns of Indonesian Trade, Service & Investment Companies." Journal of Economics, Business and Accounting (COSTING) 3(2): 311–18.
Sutrisno. (2017). Financial Management: Theory, Concepts and Applications. ECONOMY.
Sugiyono. (2022). Research Methods: Quantitative, Qualitative, and R&D. ALPHABET.
Tandelilin. (2010). Investment Analysis and Portfolio Management. BPFE.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Cindy Siti Karmilah, Esi Fitriani Komara
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish their manuscripts in this journal agree to the following conditions:
- The copyright on each article belongs to the author(s).
- The author acknowledges that the Dinasti International Journal of Economics, Finance & Accounting (DIJEFA) has the right to be the first to publish with a Creative Commons Attribution 4.0 International license (Attribution 4.0 International (CC BY 4.0).
- Authors can submit articles separately, arrange for the non-exclusive distribution of manuscripts that have been published in this journal into other versions (e.g., sent to the author's institutional repository, publication into books, etc.), by acknowledging that the manuscript has been published for the first time in the Dinasti International Journal of Economics, Finance & Accounting (DIJEFA).
