DETERMINANTSOF FUNDAMENTAL STOCK RETURNFACTORS AT TEXTILE AND GARMENTCOMPANY, ANALYSIS DATA PANEL FOR PERIOD 2012 -2019

DETERMINANTSOF FUNDAMENTAL STOCK RETURNFACTORS AT TEXTILE AND GARMENTCOMPANY, ANALYSIS DATA PANEL FOR PERIOD 2012 -2019

Current Ratio, Total Asset Turnover, Debt To Equity Ratio, Return On Equity, Stock Returns

This research aims to examine and analyze the effect of current ratio, total asset turnover, debt to equity ratio and return on equityon the value of stock of textile and garmentcompanies in the Indonesia Stock Exchange for the period of 2012 to 2019. This research uses annual data for the observation period from 2012 to 2019. The population is textile and garmentcompanies listed on the Indonesia Stock Exchange in 2012 to 2019 and up to 19 companies. The sampling technique used purposive sampling, found a sample of 7companies with 8years observation so that the total observation obtained was56. The model used is the Common Effect Model. The results of the analysis show that the total asset turnover have a significant negativeeffect and return on equityhave a significant positive effect, while the current ratio anddebt to equity ratiohave no significant effect on stock returns of textile and garmentcompanies in the Indonesia Stock Exchange for the period of 2012 to 2019

P. Sihombing1), Fanny Ferdiantoputera Sinaga2

https://dinastipub.org/DIJEFA/article/view/531/326

Mercu Buana University

24 September2020

pardomuan.sihombing@mercubuana.ac.id

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