Liquidity, Solvency and Return on Equity in Automotive Companies and Their Listed Components on the Indonesia Stock Exchange

Arief Hidayat Tumanggor

Abstract


This research aims to influence how the variable Current Ratio and Debt to Equity Ratio towards Return On Equity both in simultaneous on the company as well as persial Automotive and its components are listed on the Indonesia stock exchange Period 2012-2016.

The population in this research is the company's Automotive and komponenya were listed on the Indonesia stock exchange period 2012-2016 that add up to 13 companies. Sample company was determined by means of Purposive sampling to obtain 7 companies that meet the criteria to be used as research samples. Free variables in this study is the Current Ratio (X 1), Debt to Equity Ratio (X 2), and the variable is bound in this research is the Return On Equity (Y). Data analysis technique used was multiple linear regression analysis, taking into account the classical assumptions of the test, namely the test of normality, test multicollinearity, heterokedastisitas and autocorrelation test test. Hypothesis testing the statistical test used was partially (t-test) and simultaneous statistical tests (test F) 0.05 significant level. Data analysis using SPSS version 16.0 program assistance.

The results of the partial test (t-test) show that the Current Ratio (X1) shows the value of tcount > ttable (4.170> 2.035) and a significant value below 0.05 (0.000 <0.05) means that H0 is rejected Ha is accepted, which means there is a significant positive effect between variable Current Ratio to Return On Equity. The Debt to Equity Ratio (X2) shows the value of tcount > ttable (3.873>2.035) and a significant value below 0.05 (0.000 <0.05) means that H0 is rejected Ha is accepted, which means there is a significant influence between the Debt to Equity Ratio variable on Return On Equity. Simultaneously (F test) together it shows that the Current Ratio (X1) and the Debt to Equity Ratio (X2) show a value of Fcount > Ftable (9.055> 3.29) and a significant value below 0.05 (0.000 > 0.05) means that H0 is rejected Ha is accepted , which means significant and influential on Return On Equity (Y) in automotive companies and their components listed on the Indonesia Stock Exchange.


Keywords


Current Ratio (CR), Debt to Equity Ratio (DER) dan Return On Equity (ROE).

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References


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DOI: https://doi.org/10.30596/miceb.v1i0.376

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