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The Influence of Debt to Equity Ratio, Current Ratio and Return on Equity on Stock Returns

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  • Dian Primanita Oktasari

    (Faculty of Economics and Business, Universitas Mercu Buana, Indonesia)

  • Winda Widyanti

    (Faculty of Economics and Business, Universitas Mercu Buana, Indonesia)

  • Rahayu Lestari

    (Faculty of Economics and Business, Universitas Nasional, Indonesia)

Abstract

This study aims to determine the influence of the financial ratios Current Ratio (CR), Debt to Equity Ratio (DER) and Return on Assets (ROA) on stock returns simultaneously and partially. The population in this study are construction and building sub-sector companies listed on the Indonesia Stock Exchange for the 2016-2020 period, totaling 12 companies according to the characteristics set by the researcher. The sampling technique used the saturated sample method, The sampling technique using the saturated sample method amounted to 12 companies.. The data processing analysis method used panel data analysis assisted by E-views 12. This study shows the results of the variables Debt to Equity Ratio (DER), Current Ratio (CR), and Return on Equity (ROE) only Return on Equity (ROE) has a positive and significant effect on stock returns, while the variables Debt to Equity Ratio (DER), and Current Ratio (CR) do not affect stock returns.

Suggested Citation

  • Dian Primanita Oktasari & Winda Widyanti & Rahayu Lestari, 2025. "The Influence of Debt to Equity Ratio, Current Ratio and Return on Equity on Stock Returns," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 12(2), pages 241-251, February.
    • Handle: RePEc:bjc:journl:v:12:y:2025:i:2:p:241-251
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