ANALISIS PENGARUH RASIO LIKUIDITAS DAN LEVERAGE TERHADAP RETURN SAHAM PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA

Abstract

Abstract

The purpose of this study is to demonstrate empirically the effect of the current ratio, acid test ratio, inventory turnover and total asset turnover, to stock return either partially on the company manufacturing which are listed in Indonesia Stock Exchange. Sampling technique was purposive sampling method, in order to obtain a sample of 36 companies listed on the Stock Exchange from 2007 to 2009 period. The hypothesis testing is done by using simple linear regression analysis and multiple linear regression, which assisted with statistical data that is if the program Statistical programs and service solution (SPSS) ver.16
From the results of this study prove that the test was partially influence, shows that the ratio of the respective ratios: current ratio, acid test ratio, total asset turnover and inventory turnover significantly influence stock returns. Any increase or decrease the value of current ratio, acid test ratio, total asset turnover and inventory turnover will be followed by a partial change in stock price. This shows that investors pay attention to any changes in the value of each ratio is current ratio, acid test ratio, total asset turnover and inventory turnover since it relates closely to the expected profit from a particular company's stock ownership.

Keywords : current ratio, acid test ratio, total asset turnover inventory turnover and return