PENGARUH KINERJA KEUANGAN DAN INCOME SMOOTHING TERHADAP RETURN SAHAM PADA PERUSAHAAN SEKTOR INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

Return is the income or loss due to the decrease in investment value in a certain period. The higher the level of return expected by investors, the higher the level of risk that will be faced by investors, and vice versa. This study aims to examine the effect of financial performance and income smoothing on stock returns in consumer goods industrial sector companies listed on the Indonesia Stock Exchange. The sample in this study were 30 consumer goods industry sector companies listed on the Indonesia Stock Exchange for the 2017-2019 period. Determination of the sample using purposive sampling method. The analysis tool technique used is multiple linear regression analysis techniques. The results showed that the variable Return on Equity, Price Earning Ratio, and Current Ratio had a positive effect on stock returns. Debt to Equity Ratio and Income Smoothing variables have no effect on stock returns. While the Total Asset Turnover variable has a negative effect on stock returns.