Business, Management and Accounting
3 years ago

Return on Equity Boosts Stock Returns in Indonesia, Debt Hurts.

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Strategic Management Business Journal
THE EFFECT OF CURRENT RATIO, RETURN ON EQUITY, AND DEBT TO EQUITY RATIO ON STOCK RETURNS ON THE INDONESIA STOCK EXCHANGE
Maria Cendiviani Ojo, Redy Herinanto Albertus

Paper Summary

The study looked at how different financial ratios affect stock returns for companies listed on the Indonesia Stock Exchange. They analyzed data from 30 out of 100 companies over a five-year period. The results showed that Return on Equity has a positive impact on stock returns, while Current Ratio and Debt to Equity Ratio do not have a significant effect. Overall, these three ratios together do not influence stock returns.

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