Profitabilitas, Likuiditas, dan Green Investment Terhadap Return Saham dengan Devindent Pay Out Ratio sebagai Pemoderasi
DOI:
https://doi.org/10.31851/ryr5sv35Keywords:
Profitabilitas, Likuiditas, Deviden Payout Ratio, Cyclical, Non-CyclicalAbstract
Tujuan penelitian dengan menggunakan ratio keuangan profitabilitas, likuiditas, investasi hijau dan return saham dilakukan untuk mengetahui pengaruhnya terhadap return saham pada Perusahaan Consumer Cyclilac dan non-Cyclical yang listing pada bursa efek Indonesia periode 2021 -2024. Penelitian menggunakan pendekatan kuantitatif. Populasi penelitian sebanyak 96 perusahaan Consumer Cyclical dan non-Cyclical. Perusahaan yang terpilih sebagai sampel menggunakan kriteria pemilihan sampel sebanyak 30 perusahaan. Analisis data yang digunakan adalah regresi linier berganda dengan uji asumsi klasik, uji statistik,uji t parsial, uji F dan koefisien determinasi. Temuan membuktikan variabel profitabilitas dan variable investasi hijau berpengaruh positif sedangkan variable likuiditas menunjukkan pengaruh negatif terhadap return saham. Devident pay out ratio sebagai variable pemoderasi mampu memoderasi profitabilitas terhadap return saham. Hasil penelitian ini dapat memberikan masukkan bagi pihak-pihak yang terkait baik internal maupun eksternal perusahaan dalam mengambil keputusan berinvestasi.
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