PENGARUH LIKUIDITAS, AKTIVITAS, PROFITABILITAS, LEVERAGE DAN FINANCIAL DISTRESS TERHADAP RETURN SAHAM PADA PERUSAHAAN CONSUMER CYCLICALS YANG TERDAFTAR DI BEI PERIODE 2020-2022

Abstract

This research is entitled "The Influence of Liquidity, Activity, Profitability, Leverage, and Financial Distress on Stock Returns in Consumer Cyclicals Companies Listed on the IDX for the 2020-2022 Period". By sector, Consumer Cyclicals is one of those that have been significantly affected due to the economic recession and global inflation. The purpose of this study is to empirically determine the effect of liquidity, activity, profitability, leverage, and financial distress on stock returns. The sample in this study used purposive sampling by obtaining 76 samples of Consumer Cyclicals companies. The method used in this study is quantitative, while the analytical tool uses SPSS 26. Data analysis uses multiple linear regression, classical assumption test, hypothesis test (t-test), and test the coefficient of determination. Based on the results of the t-test, it was found that the liquidity ratio (CR) and profitability ratio (NPM) had a negative and significant effect on stock returns, and financial distress (Altman Z-Score) had a positive and significant effect on stock returns. While the activity ratio (TATO) and leverage ratio (DAR) do not affect stock returns.