Business, Management and Accounting
3 years ago

Financial ratios impact stock returns for non-banking companies in Indonesia.

1 view
Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences
Analysis of ROA, ROE, CR, and Der on Stock Return of Non-Banking Companies in LQ-45 Index in Indonesia Stock Exchange 2015-2019
Herry Santoso, Keane Owen, Zabrina Raissa

Paper Summary

The article analyzes how different financial ratios like ROA, ROE, CR, and DER affect stock returns for non-banking companies in Indonesia from 2015 to 2019. They found that ROA has a positive impact on stock returns, while CR has a negative impact. However, ROE and DER do not have any influence on stock returns.

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