The Effect of Interest Rate, Price to Book Value, and Debt to Equity Ratio on Stock Returns
DOI:
https://doi.org/10.30872/miceb.v7i1.15556Keywords:
Interest Rate, Price to Book Value (PBV), Debt to Equity Ratio (DER), Stock ReturnAbstract
This study aims to analyze the effect of interest rates, Price to Book Value (PBV), and Debt to Equity Ratio (DER) on stock returns in transportation and logistics sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. The research employs a quantitative approach using secondary data obtained from company financial statements and official IDX publications. Data analysis was conducted using panel data regression with Eviews 12 software to test the effect of each independent variable on the dependent variable. The results show that interest rate has a significant effect on stock return, while Price to Book Value (PBV), and Debt to Equity Ratio (DER) do not have a significant effect on stock returns in the transportation and logistics sector during the observation period. This indicates that stock return movements in this sector are more influenced by other factors beyond the research variables. These findings imply that investors should consider other external and fundamental factors when making investment decisions in the transportation and logistics sector
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