Research Paper
Year: 2021 | Month: August | Volume: 8 | Issue: 8 | Pages: 55-63
DOI: https://doi.org/10.52403/ijrr.20210810
The Effect of Profitability, Asset Structure, Company Size on Stock Returns with Corporate Governance as Moderating Variables in Manufacturing Companies on the IDX in 2009-2018
Deby Yurika Lasmarito Siahaan1, Rina Br Bukit1, Tarmizi1
1Department of Accounting, Faculty of Economics and Business at Universitas Sumatera Utara, Indonesia.
Corresponding Author: Deby Yurika Lasmarito Siahaank
ABSTRACT
The research objective was to examine and analyze whether Profitability, Asset Structure, Firm Size simultaneously and partially influenced Stock Returns in Manufacturing Companies. In addition, this study also tries to prove whether Corporate Governance can be used as a moderator in the research model. The research results showed that simultaneously Profitability, Asset Structure, Firm Size significantly influenced Stock Returns. Partially, profitability has a positive and significant influence on Stock Returns. Asset Structure has a positive and significant influence on Stock Returns, and Company size has a positive and insignificant influence on Stock Returns. The variable of Corporate Governance can moderate the influence of Asset Structure on Stock Returns. However, Corporate Governance will not be able to moderate the influence of Profitability on Stock Returns.
Keywords: Profitability, Asset Structure, Firm Size, Stock Return, and Corporate Governance.
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