PENGARUH INFLASI, LEVERAGE DAN SALES GROWTH TERHADAP RETURN SAHAM PADA PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017-2021

Abstract

This study aims to determine and analyze the effect of Inflation, Leverage and Sales Growth on Stock Return (Empirical Study of Food and Beverage Companies listed on the Indonesia Stock Exchange for the Period 2017-2021). This research is a quantitative research with the type of explanatory research. The secondary data sources used are inflation rates, leverage, sales growth, and stock returns from Food and Beverage companies listed on the IDX during 2017-2021. With a population of 72 Food and Beverage companies. The data analysis method used is descriptive statistics, classical assumption test, and multiple linear regression analysis. Analysis of research data that has been obtained using the application program Statistical Package for the Social Sciences (SPSS) version 25. The results show the value of multiple linear regression Y = -0.004 + 0.335 X1 + 0.748 X2 - 0.001 X3 + e, partially inflation has a positive effect significant to Stock Return, with t count of 2.471 and a significance value of 0.015. Leverage has a positive and significant effect on stock returns with a t count of 4.920 and a significance value of 0.000. Sales Growth has an insignificant negative effect on Stock Return, with a t count of -0.343 and a significance value of 0.733. Meanwhile, Inflation, Leverage and Sales Growth simultaneously have a significant effect on Stock Return, with the F test value of simultaneous significance of 0.000. The coefficient of determination of Inflation, Leverage, Sales Growth affects Stock Return of 0.468 or 46.8% and the remaining 53.2% is explained by other factors not examined in this study.