The Effect of Liquidity, Leverage, Profitability, and Firm Size on Stock Returns
DOI:
https://doi.org/10.000000/belacoss.v1i5.394Keywords:
Liquidity, Leverage, Profitability, Company Size, Stock ReturnAbstract
This study aims to analyze the effect of liquidity, leverage, profitability, and firm size on stock returns in palm oil companies listed on the Indonesia Stock Exchange (IDX) during the period 2019–2023. This study uses a quantitative approach with a causal research design. The research sample was selected using purposive sampling. A total of 12 companies were selected from a population of 25. The method used in this study is panel data regression with the Common Effect Model (CEM) approach using Eviews 13. The results show that CR, DER, and EPS have a positive and significant effect on stock returns, while firm size has a negative and insignificant effect on stock returns. Simultaneously, all four variables have a significant effect on stock returns. These findings imply that the efficiency of current asset management and transparency in profit management are important factors in determining investment decisions in the palm oil industry.
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