Pengaruh Profitabilitas Dan Leverage Terhadap Return Saham Pada Perusahaan Sub Sektor Perbankan Yang Terdaftar Di Bursa Efek Indonesia

Abstract

This study aims to determine whether there is an effect of profitability and leverage on stock
returns. Changes in stock returns can be determined by the company's financial performance
projected in the company's financial statements using profitability and leverage ratios. The
research method used in this study uses documentation techniques with a quantitative
approach. This research was conducted at banking sub-sector companies listed on the
Indonesia Stock Exchange (IDX) which were recorded during the 2019-2021 period. The
sample used in this study was purposive sampling, so that the sample in this study consisted of
5 companies. The analysis used in this study is the classical assumption test, namely the
normality test, multicollinearity test, heteroscedasticity test, and autocorrelation test. To test
the hypothesis in this study using panel data regression test with the common effect model
technique, fixed effect model, and random effect model. Selection of the technique is done by
doing the chow test, hausman test, and lagrange multiplier test. Based on the research results
show that 1) There is a significant influence between profitability and stock returns. 2) There
is a significant influence between leverage and stock returns. 3) There is an influence between
profitability and leverage on stock returns