The Effect of Current Ratio, Total Asset Turnover, Debt to Equity Ratio and Working Capital Turnover on Stock Returns with Return on Assets as a Moderating Variable in LQ45 Companies
DOI:
https://doi.org/10.47747/icbem.v1i1.1294Abstract
This research aimed to analyze the effect of variable Current Ratio (CR), Total Asset Turnover (TAT), Debt Equity Ratio (DER), and Working Capital Turnover (WCT) with stock return, put the test and analyze is Return on Asset (ROA) moderate effect on relations Current Ratio (CR), Total Asset Turnover (TAT), Debt Equity Ratio (DER), and Working Capital Turnover (WCT) with Stock return in Company LQ45. Population in this research as much 45 Company with 5 selected as sample of the research during period 2009-2015 with multi-shapes sampling in a purposive. The data is analyzed using multiple regression analysis and moderated regression anlysis. The result of this research proving that : CR, TAT, DER, and WCT have no effect on stock return, Return on Asset (ROA) have moderate Current Ratio (CR) on stock return, but Return on Asset (ROA) have no moderate Total Asset Turnover (TAT), Debt Equity Ratio (DER), and Working Capital Turnover (WCT) with stock return.
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