THE INFLUENCE OF RETURN ON EQUITY, DEBT TO ASSET RATIO AND PRICE TO BOOK VALUE ON SHARE RETURNS OF CONSUMPTION GOODS COMPANIES LISTED ON THE IDX

Abstract

This research aims to examine Return on Equity (ROE), Debt To Asset Ratio (DAR) and Price to Book Value (PBV) which influence stock returns. The research method used is descriptive analysis using Eviews 10. The research sample uses data from consumer goods companies listed on the Indonesia Stock Exchange for the 2017-2022 period or for 6 years, by processing data from 36 companies and having a total sample of 216 companies. . The secondary data selection process uses a purposive sampling method and uses multiple regression analysis. The results of the research show that the independent variables are: Return on Equity which is proxied by X1, Debt to Asset Ratio which is proxied by X2, and Price to Books Value which is proxied as X3 has a positive and significant effect on the dependent variable, namely: Stock returns which are proxied as Y.