Research Paper
Year: 2018 | Month: October | Volume: 5 | Issue: 10 | Pages: 421-436
The Factors Which Influence Stock Return with Stock Price as Moderating Variable in Automotive Companies Listed in the Indonesia Stock Exchange
Ujang Abdullah1, Iskandar Muda2, Syahyunan2
1Postgraduate Students at University of North Sumatera, Indonesia
2Postgraduate Lecturer at University of North Sumatera, Indonesia
Corresponding Author: Ujang Abdullah
ABSTRACT
The objective of the research was to find out and analyze the influence of Return on Assets(ROA). Net Profit Margin (NPM), Earning Per Share (EPS), and Debt to Equity Ratio (DER) on stock Return with stock price as moderating variable in automotive companies listed in BEI (Indonesia Stock Exchange). The Research used causal method, and the research object was Automotive Companies listed in BEI in the period of 2011- 2016, as secondary data. The data were analyzed quantitatively by using simple regression analysis. The Result of the research showed that, simultaneously , ROA, NPM, EPS, and DER had the influence on Stock Return Partially , ROA and DER had the influence on stock return, while NPM and EPS did not. Stock Price can only moderate the correlation between DER and stock return, while ROA ,NPM and EPS were not able to moderate the correlation between stock price and stock return.
Key words: Return on Assets (ROA), Net Profit Margin (NPM), Earning Per Share (EPS), and Debt to Equity Ratio (DER), stock return, stock price
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