Open AccessPENGARUH RASIO PASAR TERHADAP RETURN SAHAM PADA SAHAM LQ-45 DI BURSA EFEK INDONESIA
Author(s) -
I Made Yogi Antara,
Ni Putu Santi Suryantini
Publication year - 2019
Publication title -
e-jurnal manajemen
Language(s) - English
Resource type - Journals
ISSN - 2302-8912
DOI - 10.24843/ejmunud.2019.v08.i09.p08
Subject(s) - price–earnings ratio , stock (firearms) , business , earnings yield , earnings , economics , earnings per share , econometrics , finance , mechanical engineering , engineering
The purpose of investors in investing is to maximize returns without forgetting the investment risk factors they must face. Return is one of the factors that motivate investors to invest and is also a reward for the courage of investors to bear the risk of investments made. This study was conducted to examine the effect of market ratios on stock returns in LQ-45 stocks that have positive earnings for the period 2014 to 2017. Twenty-seven (27) companies were selected through the census method. The data collection method used in this study is a nonparticipant observation method. Data analysis was done by multiple linear regression analysis techniques. Based on the results of analysis it was found that the market ratios proxied by PBV, PER, and PSR had a positive and significant effect on stock returns
Keywords: stock return, market ratio, price to book value, price to earning ratio, price to sale ratio