PENGARUH VARIABEL DARI ANALISIS ZMIJEWSKI TERHADAP RETURN SAHAM PADA PERUSAHAAN JASA SUB-SEKTOR TRANSPORTASI DI MASA PANDEMI

Abstract

BSTRACT
The purpose of this study was to determine how the variables of the Zmijweski bankruptcy analysis model
affect stockreturns in transportation companies listed on the Indonesia Stock Exchange. The period used
in this study is three years, starting in 2019-2020.This study uses a quantitative descriptive approach,
namely research that is used to determine the value of a variable. The data analysis model used is the
variable from the Zmijweski analysis model in the form of Asset Returns, Debt Ratios, and Current Ratios.
This research was conducted by taking secondary data with predetermined criteria from the official
websiteof the Indonesia Stock Exchange (www.idx.co.id). Based on the results of the study using the
Eviews9 analysis tool, it shows that Asset Returns and Current Ratios have a significant positive effect on
Stock Return. While the ratio of debt to assets has a significant negative effect on stock returns.