The Effect of Return on Asset, Debt to Equity Ratio, and Current Ratio on Stock Returns with Dividend Policy as an Intervening Variable

Authors

  • Eva Emilia Suci Helmiawati Panca Marga University Author

DOI:

https://doi.org/10.35314/inovbiz.v13.i1.546

Keywords:

ROA, DER, CR, RETURN, DPR

Abstract

This research aims to examine the influence of return on asset, debt to equity ratio, and current ratio on stock returns with dividend policy as an intervening variable in mining companies listed on the IDX for the 2020-2022 period. The type of research used is quantitative research with a descriptive approach. The population in this research are mining companies listed on the Indonesia Stock Exchange (IDX) for the 2020-2022 period. Sample determination was carried out using the purposive sampling method. The data source used in this research comes from secondary data in the form of company financial reports. The data collection technique uses the documentation method. The data analysis technique used is the outer model test and inner model test. The result of this test show that return on asset and debt to equity ratio have an effect on stock returns, the current ratio has no effect on stock returns. Return on asset, debt to equity ratio, and current ratio have no effect on dividend policy, dividend policy has an effect on stock returns, and dividend policy as an intervening variable cannot mediate return on asset, debt to equity ratio, and current ratio on stock returns.

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Published

2025-06-30

Issue

Section

Articles