Proceedings of the International Conference on Business, Accounting, Banking, and Economics (ICBABE 2022)

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Contribution of Return on Assets, Debt to Equity Ratio, and Book Value to Stock Return

Authors
Sri Yuli Waryati1, *, Nurwiyanto1, Tiara Nur Anisah1, Arfida Venny Zaida1
1Faculty of Economics and Business, Universitas Janabadra, Yogyakarta, Indonesia
*Corresponding author. Email: sriyuliwaryati@janabadra.ac.id
Corresponding Author
Sri Yuli Waryati
Available Online 22 May 2023.
DOI
10.2991/978-94-6463-154-8_16How to use a DOI?
Keywords
Return on Assets; Debt to Equity Ratio; Book Value; Stock Return
Abstract

This study was conducted to examine the effect of Debt Equity Ratio (DER), Return on Assets (ROA), and Book Value (BV) on stock returns. The sampling technique used was purposive sampling from a population of 30 Food and Beverage industrial companies and seven companies that met the sample criteria. The data was obtained from the publications of the Indonesia Capital Market Directory (ICMD) and the Indonesian stock exchange (Idx). The data analysis method used in this research is multiple regression analysis of panel data. Panel data regression is a regression technique that combines cross-section and time-series data, in which the same cross-sectional unit is measured at different times. The hypothesis tests are the F test (goodness of fit), the t-test, and the coefficient of determination. The results of panel data regression analysis show the regression model is declared feasible or goodness of fit, return on assets has a significant negative effect on stock returns, debt to equity ratio and book value has no impact on stock returns, and the three variables in this study can explain their contribution to stock returns of 37.71 percent.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Business, Accounting, Banking, and Economics (ICBABE 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
22 May 2023
ISBN
10.2991/978-94-6463-154-8_16
ISSN
2352-5428
DOI
10.2991/978-94-6463-154-8_16How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Sri Yuli Waryati
AU  - Nurwiyanto
AU  - Tiara Nur Anisah
AU  - Arfida Venny Zaida
PY  - 2023
DA  - 2023/05/22
TI  - Contribution of Return on Assets, Debt to Equity Ratio, and Book Value to Stock Return
BT  - Proceedings of the International Conference on Business, Accounting, Banking, and Economics (ICBABE 2022)
PB  - Atlantis Press
SP  - 157
EP  - 172
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-154-8_16
DO  - 10.2991/978-94-6463-154-8_16
ID  - Waryati2023
ER  -