The Effect of Gross Profit Margin, Current Ratio and Total Debt To Asset Ratio on Stock Return with Inflation as a Moderating Variable in Property Companies Listed on the Indonesia Stock Exchange for the 2015-2018 Period
Journal Title: Journal of Economics, Finance and Management Studies - Year 2022, Vol 5, Issue 10
Abstract
The purpose of this study was to examine and analyze the effect of gross profit margin, current ratio, and total debt to asset ratio on stock return with inflation as a moderating variable in property companies listed on the Indonesia Stock Exchange for the 2015-2018 period. The research method used is a quantitative approach, the type of causal associative research. The population used in this study is a property company, totaling 50 companies, using a purposive sampling technique to obtain a sample of 14 companies. The data analysis model used in this research is multiple linear regression analysis and ui moderation. The results of this study indicate that gross profit margin partially has a positive and significant effect on stock returns in property companies listed on the Indonesia Stock Exchange for the 2015-2018 period. This shows that gross profit margin provides significant benefits in increasing the value of stock returns of property companies listed on the Indonesia Stock Exchange for the 2015-2018 period. 2015-2018. This part shows that the current ratio does not provide positive benefits in increasing stock returns in property companies listed on the Indonesian stock exchange. The debt to asset ratio has no positive and insignificant effect on stock returns in property companies listed on the Indonesia Stock Exchange for the 2015-2018 period. This shows that the debt to asset ratio does not provide positive benefits in increasing stock returns in property companies listed on the Indonesia Stock Exchange. Gross profit margin, current ratio, and total debt to asset ratio affect stock returns in property companies listed on the Indonesia Stock Exchange. Inflation is not a moderating variable that can strengthen the influence of gross profit margin, current ratio, and total debt to asset ratio on stock returns in property companies for the 2015-2018 period.
Authors and Affiliations
Dina Anggriani, Nagian Toni, Rasinta Ria Ginting
Keywords
Related Articles
- EP ID EP726464
- DOI 10.47191/jefms/v5-i10-14
- Views 9
- Downloads 0
Detection of Fraudulent Financial Reporting Using the Perspective of the Fraud Triangle Factors on Financial Statement
The research objective is to determine the effect that occurs on the financial statements by using the fraud triangle. The population in this research is a food and beverage sector company that has been listed on the Ind...
An Analysis of the Challenges and Prospects of Bangladeshi Manpower in Overseas Employment
Since its independence, Bangladesh has supplied millions of its skilled and unskilled manpower to hundreds of countries, which, in turn, has positively influenced the domestic labour market and GDP growth. Remittances co...
Social Media Marketing Strategy for a Leisure Hotel Using Digital Customer Experience Journey Approach: A Study on Innside by Melia Yogyakarta
Innside by Melia Yogyakarta is a 4-star business and leisure hotel owned by PT. Saraswanti Indoland Development. In 2018-2019, Innside by Melia Yogyakarta experienced a relatively rapid increase in revenue. However, the...
Accounting Practices of Smes : an Exploratory Study in the Nigerien Context
This article seeks to identify the accounting practices and the objectives of the use of the accounting tool by Nigerien SMEs. Semi-structured interviews with three (3) accounting professionals and sixteen (16) SME manag...
Sustainable Islamic Selling Price with Reference to Ibn Taimiyahâs Thoughts
This research aims to formulate the concept of determining the selling price by referring to the thoughts of Ibn Taimiyah. In order to understand the reality more comprehensively, the research is conducted using a postmo...