PENGARUH LIKUIDITAS, FINANCIAL LEVERAGE, AKTIVITAS TERHADAP RETURN SAHAM DENGAN PROFITABILITAS SEBAGAI VARIABEL MEDIASI

Yuliani, Yuliani and Kurniawan, Teddy and Ghasarma, Reza (2016) PENGARUH LIKUIDITAS, FINANCIAL LEVERAGE, AKTIVITAS TERHADAP RETURN SAHAM DENGAN PROFITABILITAS SEBAGAI VARIABEL MEDIASI. Jurnal Manajemen dan Bisnis Sriwijaya, 14 (1). pp. 121-132. ISSN 1412-4521

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Abstract

This research aims to analyze of direct and indirect effect about liquidity, financial leverage and activities on stock return and with mediaton of ROA as proxy of profitability ratio. The population were all company in Sub Sector of Automotive and Components are 12 companies. Purposive sampling used as the sampling technique and acquired 11 firms. The period in 2000-2013, unit of analysis are panel data with 154 observations. Data analysis method used is Path Analysis. The result shows that direct effect Current Ratio (CR) and Debt to Equity Ratio (DER) not have significant on Stock Return, while Total Asset Turnover (TAT) has significant effect on Stock Return. Indirect effect the rule of ROA as full mediation in CR to stock return and as partial mediation in TAT to stock return. But not found the rule of ROA as mediation effect DER to stock return . Keywords : Liquidity, Financial Leverage, Activities, Profitability, Stock Return

Item Type: Article
Subjects: H Social Sciences > HJ Public Finance > HJ9-9940 Public finance
Divisions: Faculty of Economics > 61001-Management (S3)
Depositing User: Dr YULIANI YULIANI
Date Deposited: 09 Dec 2019 02:27
Last Modified: 09 Dec 2019 02:27
URI: http://repository.unsri.ac.id/id/eprint/20551

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