The Influence of Company Size and Profitability on Stock Returns through Financial Sustainability in Consumer Goods Companies on the Indonesia Stock Exchange
DOI:
https://doi.org/10.1229/tecempresarialjournal.v19i1.355Keywords:
Stock Return, Profitability, Company Size, Financial Sustainability.Abstract
Stock returns are the level of income that investors can enjoy from the investments they make. Positive returns will make investors interested in investing their funds in a company. This research aims to prove the effect of profitability and company size on stock returns through financial sustainability in consumer goods companies listed on the Indonesia Stock Exchange in 2018-2022. This research uses a sample of 39 companies based on the purposive sampling method. The data that has been collected is then analyzed using multiple linear regression analysis, and produces the conclusion that firm size and profitability have no effect on financial sustainability. Firm size does not affect stock returns while profitability and financial sustainability have a positive and significant influence on stock returns. Firm size and probability do not affect stock returns indirectly through financial sustainability.
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