Pengaruh Likuiditas, Leverage, Profitabilitas dan Nilai Tukar Terhadap Return Saham (Pada Perusahaan Sub Sektor Farmasi yang terdaftar di Bursa Efek Indonesia Periode 2016 - 2023)

Abstract

This study aims to determine and analyze whether there is an influence of factors such as Current Ratio, Debt to Equity, Return on Equity, and Exchange Rate on pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange for the period 2016 – 2023. The sample in this study consists of five companies selected using the purposive sampling technique. Using this technique, a sample of five companies over an eight-year period was obtained, resulting in a total of 40 data points for the research. The analysis method applied in this study is descriptive statistics, utilizing multiple linear regression analysis with the assistance of the SPSS 22 application. The results of this study indicate that, partially, the Current Ratio and Debt to Equity variables have a negative and significant impact on stock returns, while Return on Equity and Exchange Rate have no significant impact on stock returns. Meanwhile, simultaneously, Current Ratio, Debt to Equity, Return on Equity, and Exchange Rate have a significant impact on stock prices.