Business, Management and Accounting
3 years ago

Financial ratios impact stock returns: ROA and EVA positive, ROE and CR negative.

2 views
Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences
The Effect of ROA, ROE, CR, DER and EVA on Stock Return of Non-Banking Companies Listed on the Lq-45 Index and Sri-Kehati Index on the Indonesia Stock Exchange 2015-2019
Herry Santoso, Gracia Shinta S. Ugut

Paper Summary

The study looked at how different financial ratios like ROA, ROE, CR, DER, and EVA affect stock returns for non-banking companies in Indonesia from 2015 to 2019. They found that ROA and EVA have a positive impact on stock returns, while ROE and CR have a negative impact. DER, on the other hand, does not affect stock returns.

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