Written by Nasikin Sani
TERBITAN JURNAL Category: VOL. 13 Nomor 1, APRIL 2017
Published on 30 November 2017 Hits: 456
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Amiruddin

( Staf Pengajar Jurusan Akuntansi Politeknik Negeri Samarinda)

 

 

 

ABSTRACT

The pourpose of this study is to empirically study the effect of accaounting variables-liquidity ratio, leverage and profitability ratio-on stock returns of the agriculture firms registered between 2011-2015 on Indonesia Stock Exchange (IDX). The data is sampled using purposive sample judgement method. From 23 Firms registered on IDX only 8 are used as samples for this study. The firms include are  PT Sinar Mas Agro Resources and Technology Tbk (SMAR), PT Bakrie Sumatera Plantation Tbk (UNSP), PT Astra Agro Lestari Tbk (AALI), PT Tunas Baru Lampung Tbk (TBLA), PT Sampoerna Agro Tbk (SGRO), PT Gozco Plantation Tbk (GZCO), dan PT BW Plantation (BWPT). The result of this study using multiple regression finds that all variables (current asset, debt to equity ratio and return on asset) that all significantly affect the following year stock return with level of significant 5 percent.

Keywords: financial statements, financial ratio, stock return

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