PENGARUH LIKUIDITAS TERHADAP RETURNS SAHAM (Studi Empiris Perusahaan Sektor Perbankan yang Terdaftar di BEI Tahun 2021-2023)

Abstract

This study aims to examine the effect of liquidity proxied by trading volume also the other variable market capitalization, asset growth, Return on Asset (ROA), and Price to Book Value (PBV) on the stock returns of companies in the banking sector listed on the Indonesia Stock Exchange during the period 2021 to 2023. The purposive sampling method was used to determine the research sample for three years, and resulted in 110 research samples. The hypothesis proposed in this study was tested through quantitative techniques using multiple linear regression. The secondary data used in this study were obtained from the Bloomberg database and the annual reports of related companies. The results showed that Return on Asset (ROA) has a positive effect on stock returns. In contrast with these findings, trading volume, market capitalization, asset growth, and Price to Book Value (PBV) shows an insignificant influence on stock returns. This study shows that when the ROA is high, the company's stock returns are also affected and go up. This study contributes to the literature on the world of capital markets, and provide references for those who need information for investment decision making.