PENGARUH LIKUIDITAS DAN SOLVABILITAS TERHADAP RETURN SAHAM PADA PT. UNILEVER INDONESIA (PERSERO), TBK PERIODE 2011-2018

Abstract

Abstrak Tujuan penelitian ini untuk mengetahui pengaruh Likuiditas dan Solvabilitas terhadap Return Saham Perusahaan pada PT. Unilever Indonesia (Persero),Tbk yang terdaftar di BEI periode 2011-2018. Sifat penelitian ini kausalitas dengan pendekatan kualitatif yang akan menjelaskan hubungan sebab akibat antara variabel independent terhadap variabel dependennya. Analisis data yang digunakan meliputi: rasio keuangan dengan CR, DER, dan ROA, uji deskriptif, uji asumsi klasik, uji hipotesis dan uji regresi linier berganda. Hasl uji t (parsial) diperoleh Current Ratio (CR) pengaruhnya tidak signifikan terhadap Return Saham (ROA), sedangkan Debt to Equity Ratio (DER) berpengaruh signifikan terhadap Return Saham. Hasil uji F (simultan), Current Ratio dan Debt to Equity Ratio berpengaruh secara signifikan terhadap Return Saham Perusahaan dengan konstribusi sebesar 92,0%. Hal ini juga diperkuat dengan hasil nilai Fhitung (28,799) > Ftabel (5,79) dan nilai signifikansi sebesar 0,002. Abstract The purpose of this study was to determine the effect of Liquidity and Solvency on Company Stock Returns at PT. Unilever Indonesia (Persero), Tbk, which was listed on the IDX for the period 2011-2018. The nature of this study is causality with a qualitative approach that will explain the causal relationship between the independent variables and the dependent variable. Analysis of the data used includes: financial ratios with CR, DER, and ROA, descriptive test, classic assumption test, hypothesis test and multiple linear regression test. The t test (partial) obtained by Current Ratio (CR) has no significant effect on Stock Return (ROA), while Debt to Equity Ratio (DER) has a significant effect on Stock Return. F (simultaneous) test results, Current Ratio and Debt to Equity Ratio significantly influence the Company's Stock Return with a contribution of 92.0%. This is also reinforced by the results of the value of Fcount (28.799)> Ftable (5.79) and a significance value of 0.002.