Pengaruh Kinerja Keuangan Dan Kinerja Pasar Terhadap Return Saham Dengan Ukuran Perusahaan Sebagai Variabel Moderasi Pada Perusahaan Sektor Energi Yang Terdaftar Di Bursa Efek Indonesia

Rahmat Fauzan Rihaldi; Agung Putra Raneo; Taufik Taufik

doi:10.55606/jaemb.v5i3.7991

Authors

Rahmat Fauzan Rihaldi Universitas Sriwijaya
Agung Putra Raneo Universitas Sriwijiya
Taufik Taufik Universitas Sriwijiya

DOI:

https://doi.org/10.55606/jaemb.v5i3.7991

Keywords:

Financial Performance, Market Performance, Stock Return, Company Size

Abstract

This research aims to examine the influence of Financial Performance and Market Performance on Stock Returns with Company Size as a moderating variable. The research approach used is quantitative with secondary data in the form of annual reports obtained from the Indonesia Stock Exchange and the companies' own websites in the energy sector. The sample in this study consists of 55 energy sector companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2023, selected through the Purposive Sampling method. The analysis technique used is Panel Data regression with the Fixed Effect Model (FEM). The results of this study indicate that CR, ROE, DER, and MBV simultaneously affect Stock Return. Partially, DER has a negative and significant impact on Stock Return, and MBV has a positive and significant impact on Stock Return. Meanwhile, CR and ROE do not significantly affect Stock Return. Additionally, Company Size is able to moderate the effect of MBV on Stock Return, but is not able to moderate the effect of CR, ROE, and DER on Stock Return.

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