Analysis of the Influence of LQ45 Company Financial Ratios on Stock Returns with Dividend Payout Ratio (DPR) as a Mediator

Tri Nur Sriana

Abstract


Fundamental analysis based on financial ratios is one way to show changes in the fluctuations in a company's stock returns. Referring to the objective of this research, which attempts to identify the relationship between financial ratios and Stock Returns using the Dividend Payout Ratio (DPR) as a mediator in companies included in the LQ45 in the 2019-2024 period. The data used in this study is secondary data from financial reports available on the IDX website. This research is a quantitative descriptive research and is processed using SPSS 29. The test results concluded that ROA significantly influences DPR, while CR and DER have no effect. Return on Assets (ROA) significantly influences stock returns, while the Current Ratio (CR) and Debt to Equity Ratio (DER) do not significantly influence stock returns. Dividend Payout Ratio (DPR) significantly influences stock returns. DPR is able to be used as a mediator for the relationship between Return on Assets (ROA) and Stock Return, however, for the relationship between CR and DER and Stock Return Dividend Payout Ratio (DPR), it is not yet able to be a mediator.


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References


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