THE EFFECT OF CURRENT RATIO, RETURN ON EQUITY, AND DEBT TO EQUITY RATIO ON STOCK RETURNS ON THE INDONESIA STOCK EXCHANGE

This research examined the effect of the Current Ratio, Return on Equity, and Debt to Equity Ratio on Stock Returns in Kompas 100 Companies Listed on the Indonesia Stock Exchange in the 2015-2019 period. The sampling technique used in this study was purposive sampling. The samples obtained were 30 companies from 100 companies. The type of data used in this research is secondary data, and the method of analysis uses multiple linear regression analysis. Based on the data analysis done, the variable Return on Equity has a positive and significant effect on stock returns. The Current Ratio has a negative and insignificant effect on stock returns, and the Debt to Equity Ratio has a negative and insignificant effect on stock returns. The current ratio, return on equity, and debt to equity ratio simultaneously does not affect stock returns.本研究针对2015年至2019年期间于印度尼西亚证券交易所（Indonesia Stock Exchange）上市的Kompas 100指数成分股公司，检验流动比率（Current Ratio）、净资产收益率（Return on Equity）与产权比率（Debt to Equity Ratio）对股票收益率（Stock Returns）的影响。本研究采用的抽样方法为目的性抽样，最终从100家公司中筛选出30家作为研究样本。本研究采用的数据类型为二手数据，分析方法选用多元线性回归分析。经数据分析结果显示，净资产收益率对股票收益率具有显著正向影响；流动比率与产权比率则均对股票收益率呈现负向且不显著的影响。流动比率、净资产收益率与产权比率的联合作用并未对股票收益率产生显著影响。