Faktor-faktor yang Mempengaruhi Return on Equity pada Perusahaan Property and Real Estate yang Terdaftar di Bursa Efek Indonesia

Abstract

This study aims to prove and analyze the effect of the current ratio, debt to equity ratio and company size on return on equity in property and real estate companies listed on the Indonesia Stock Exchange from 2012 to 2018. The population in this study were 49 property and real estate companies. listed on the Indonesia Stock Exchange in 2012-2018. Of the 49 listed companies, 12 were selected as sample companies using purposive sampling. The results of the simultaneous discussion show that the current ratio, debt to equity ratio and firm size have an effect on return on equity. From the results of tests carried out partially, there is a significant influence between the current ratio variable having an effect on return on equity, the debt to equity ratio variable and company size have no effect on return on equity. Meanwhile, the adjusted coefficient of determination (R square) is 22.2%. The effect of return on equity can be explained by the variation of the three independent variables, namely current ratio, debt to equity ratio and company size. While the remaining 77.8% is explained by other variables not examined in this study.