Impact of Financial Performance on Stock Returns and their Implications on the Corporate Value

https://doi.org/10.22214/ijraset.2021.33062

February 2021

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Impact of Financial Performance on Stock Returns and their Implications on the Corporate Value

Published on Mar 10, 2021

This study aims to determine the effect of Current Ratio, Debt to Asset Ratio, Return on Asset and Total Asset Turnover on Devidend Payout Ratio. The object of this research is the coal mining sub-sector company in 2011-2019. Data obtained through the IDX website and research design used casual research. The sampling technique used purposive sampling method and from this method, obtained 6 companies that have the criteria of 22 population. The analysis technique used panel data regression using three approaches and alternative method are common effect, fixed effect, and random effect, then use the model selection Chow test and Hausman test and testing using statistical t-test with statistical applications Eviews 10. The results of study with using the t-statistic test, shows that CR, DAR, ROA, and TATO have no significant effect on devidend payout ratio, and Devidend Payout Ratio also does not have a significant effect on Market Book Value

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