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The aim of this research is to analyze the comparison of financial performance and stock returns before and after mergers and acquisitions which are moderated by good corporate governance. This research applies comparative quantitative methods, using secondary data. A population of 21 companies that have carried out merger and acquisition activities were registered with the KPPU in 2021 and listed on the IDX during the 2019-2023 period. A sample of 11 companies was obtained with a 4 year observation span using the purposive sampling method. The data analysis used was IBM SPSS version 27 software with hypothesis testing, namely paired sample t-test, t test, R2 test, and MRA test. The research results show that the ROA, CR, DER, TATO, EPS and Stock Return variables do not show differences before and after carrying out mergers and acquisitions. The proportion of independent board of commissioners cannot moderate the influence of ROA, CR and EPS on merger and acquisition performance. The proportion of independent board of commissioners can moderate the influence of DER, TATO, and Share Return on merger and acquisition performance.

This study aims to examine the effect of MVA, BEP and ROI on stock returns with CSR as a moderating variable in food and beverage companies listed on the Indonesia Stock Exchange. The population used in this study were food and beverage companies listed on the Indonesia Stock Exchange for the period 2021-2023. The sample selection used purposive sampling. Based on purposive sampling, 39 data were obtained from 13 samples that met the criteria with data obtained from the official website of the Indonesia Stock Exchange (www.idx.co.id). The data analysis technique used multiple linear regression analysis with SPSS (statistical product and service solutions) tools. The results of this study indicate that MVA has no effect on stock returns, BEP and ROI has an effect on stock returns, CSR is able to moderate MVA and BEP on stock returns, CSR does not moderate ROI on stock returns.    

This research aims to determine the influence of stock prices, stock returns, and capital market training on interest in investing in shares in the capital market among students at the Faculty of Economics, Slamet Riyadi Surakarta University. The population of this research were students from the Faculty of Economics, Slamet Riyadi Surakarta University, from whom a sample of 95 respondents was taken using a purposive sampling method with the criteria being that students had/are currently taking capital markets courses. The analytical methods for this research are descriptive analysis, multiple linear regression analysis, t test, F test (model accuracy test), and coefficient of determination test. The results of the research prove that stock prices, stock returns and capital market training partially have a positive and significant effect on interest in investing in shares in the capital market among students at the Faculty of Economics, Slamet Riyadi Surakarta University.

This study aims to determine and analyze the effect of debt to asset ratio, net profit margin, and earning per share on stock returns. This type of research is quantitative research. The population in this study is the report data of food and beverage companies listed on the BEI as many as 48 companies as samples. Data analysis using multiple linear regression analysis. From the results of data analysis show that debt to asset ratio affects stock returns, while net profit margin and earning per share have no effect on stock returns. The results of this study are expected to be taken into consideration for evaluation in decision making, as well as reference material for further research.

The aim of this research is to determine the influence of Covid 19 which has an impact on the depreciation of the rupiah against the US dollar which then has an impact on stock prices. The case study in this research is the share price of the banking sector in the Indonesia Stock Exchange from March 1 to August 31, 2020. The population taken in this research is the banking sector listed on the Indonesian Stock Exchange. The sampling method used purposive sampling so that the number of samples obtained was 4 companies which are state-owned banking companies. Data collection is carried out by documenting data that has been published by the Indonesian Stock Exchange. Investors' reactions to information on the depreciation of the rupiah against the US dollar can be seen from the abnormal stock returns 7 days before and 7 days after information on the depreciation of the rupiah against the US dollar. The method used is the Event Study method with One Sample T-Test and Paired Test data analysis techniques.The conclusion from the results of research and data analysis from 4 state-owned banking companies listed on the Indonesia Stock Exchange during the window period is that it was found that there was no difference in Average Abnormal Return before the depreciation of the rupiah against the United States dollar (event) and after the depreciation of the rupiah against the United States dollar (event). And the paired t-test analysis shows that stock prices before the event do not affect stock prices after the event. This result shows that this market is a semi-strong market according to the Efficiency Market Hypothesis theory.

Stock prices serve as a benchmark for investors to assess a company's success. A positive stock return is an indicator of business success for a company. This study has three main objectives: to examine the influence of Earnings Per Share (EPS) on stock returns, to investigate the relationship between Return On Assets (ROA) and stock returns, and to determine the extent to which the Debt to Equity Ratio (DER) affects stock returns. The population of this study consists of 11 pharmaceutical companies listed on the Indonesia Stock Exchange during the period of 2018-2023. Simple random sampling was used to randomly select samples from the population, resulting in 264 quarterly financial data samples. The type of data used in this study is quantitative data obtained from semi-annual reports downloaded from www.idx.co.id and from the respective pharmaceutical companies' websites. Data analysis was conducted using Eviews version 10. The study found that only one variable, Earnings Per Share (EPS), significantly influences stock returns. The other two variables, Return On Assets (ROA) and Debt to Equity Ratio (DER), do not have a significant effect on stock returns.  

Stock returns are the results obtained from stock investments. Financial performance is said to have a big influence on stock returns, therefore it is necessary to pay attention to information and carry out an analysis of the condition of the company's financial statements using financial ratios. The aim of this research is to determine the influence of Liquidity, Leverage, Activity and Profitability on stock returns both partially and simultaneously. The company population in this study was 15 companies and 65 samples, using secondary data and purposive sampling techniques with the results of annual financial reports of manufacturing companies in various industrial sectors listed on the BEI for the 2018-2022 period. Data analysis in this research uses descriptive analysis, classical assumption tests consisting of data normality tests, multicollinearity tests, autocorrelation tests and heteroscedasticity tests, multiple regression tests and hypothesis tests consisting of t tests, F tests and coefficient of determination tests. Based on the results of this research, it shows that liquidity and leverage have a significant effect on stock returns. Activity and profitability have no effect on stock returns. And Liquidity, Leverage, Activity and Profitability simultaneously have a significant effect on stock returns.

Mining companies are one of the companies that have great prospects in the future. Mining companies are one of the corporate sectors that are targeted for investment, this causes investors to often calculate share returns for their investments in companies in this sector. Stock returns in companies tend to fluctuate or experience erratic increases and decreases in stock returns. The increase or decrease in stock returns is caused by internal and external factors, internal factors can be seen through financial reports and external factors can be seen from macroeconomic and other factors. This research is secondary data, namely it comes from financial reports of mining companies registered in JII70 for the 2018-2022 period. This research is included in the type of quantitative research, using Eviews as a statistical medium and the statistical methods used in this research are multiple linear regression analysis, panel data testing, classical assumption testing, and hypothesis testing. while the results of this research show that partially both Net Profit Margin and Price To Book Value have a positive and significant effect on Stock Returns as well as simultaneously Net Profit Margin and Price To Book Value together or simultaneously have a positive and significant effect on Stock Returns while inflation weaken the relationship Net Profit Margin and Price To Book Value on Share Returns in mining companies registered on JII70.

This journal analyzes stocks as investment securities. In the modern era, stocks have become a popular investment choice due to their high potential returns and ease of access through digital platforms. However, stock investments also carry significant risks, such as sharp price fluctuations. This study aims to provide a deeper understanding of the advantages of stocks compared to other investment instruments, factors influencing public interest in stock investments, and the development of stock investments in Indonesia after the enactment of Law No. 11 of 2020 on Job Creation. The research method used is normative and juridical approaches, by examining legislation and related literature. The expected outcome of this study is to enhance financial literacy among the public and assist in making smarter and wiser investment decisions.

A green economy to achieve sustainable development provides technological innovation and stock market profits in a sustainable social and environmental economy. To accelerate the transition to an environmentally friendly economy, companies need to understand the impact of implementing environmentally friendly policies and activities on the economy. Results show that green economic growth policies produce future aggregate stock market returns are lower, consistent with the perceived reduction in risk argument by investors. As this research increases our understanding of how the transition to a more sustainable green economy can impact the aggregate profitability of financial markets, implementing a green economy is important to implement appropriate measures to support it sensitively without incurring large costs that adversely impact the health of the economy. Increasing the driving force of technological innovation is the need to comply with environmentally friendly transformation in the economy and realize high-quality economic growth in technological innovation that does not provide support for green economic growth, but over time the impact of technological innovation on economic growth will change to positive. This shows that increasing the ability of technological innovation to encourage environmentally friendly economic efficiency.

This research investigates the impact of macroeconomic fundamentals on financial performance and capital structure, with earnings management and firm characteristics as intervening variables, focusing on manufacturing companies listed on the Indonesia Stock Exchange. The macroeconomic fundamentals analyzed include inflation, exchange rates, GDP, and interest rates, which are hypothesized to affect stock returns. Capital structure is measured by the debt-to-equity ratio and the debt-to-asset ratio. Financial leverage is gauged using the interest coverage ratio and the debt-to-operating income ratio. Firm characteristics encompass the company's age, the number of board commissioners, the number of directors, and the number of audit committee members. Financial performance is evaluated using indicators such as EBIT, DFL, DOL, DPR, asset turnover, and EPS growth. The research employs a quantitative method with data analysis conducted using Smart PLS. The results indicate that financial leverage significantly influences firm characteristics and capital structure but does not significantly impact financial performance. Macroeconomic fundamentals significantly affect firm characteristics but do not significantly impact financial performance, earnings management, or capital structure. Firm characteristics significantly influence financial performance but not earnings management. Capital structure significantly affects earnings management but does not significantly impact financial performance. This study aims to provide insights for decision-makers to enhance company financial performance through effective management of capital structure and earnings management.

This study analyzes the characteristics, risk, and return of stocks and bonds in Indonesia. The data used is historical data on stock and bond prices traded on the IDX during a 10-year period, from 2014 to 2024. The analysis methods used are descriptive analysis, t-test, ANOVA, and multiple linear regression. The results of the study show that stocks offer the potential for higher returns than bonds, but also with higher risk. Bonds offer better income stability and lower risk than stocks. The investment decision between stocks and bonds depends on the individual's risk profile and investment goals. Diversification remains an important investment strategy, regardless of risk profile.

Abstract: Analysis of the company's financial ratios is needed by investors to choose a company that will be used as a place to invest. The financial ratio that can be used to assess the company is the profitability ratio measured by Return on Asset (ROA). If the profitability of a company is high in terms of stock returns, then investors tend to choose the company as a place to invest their shares. In addition to profitability, company size is also a consideration for investors in investing, companies with a larger size indicate that the company is superior in profit and performance. This research uses quantitative methods with a sample of 21 companies using purposive sampling method. The results show that profitability in manufacturing companies has no effect on dividend policy, while the size of manufacturing companies affects dividend policy. The results of moderation testing show that company size does not moderate the effect of profitability of manufacturing companies on dividend policy to be distributed to shareholders. Companies are expected to have an appropriate strategy because dividend policy considerations are closely related to financial capabilities, business projections, and economic expectations of shareholders to invest.

This study aims to determine the effect of Earning per Share (EPS), Return on Assets (ROA), Return on Equity (ROE), Current Ratio (CR), Deb to Equity Ratio (DER), Price to Book Value (PBV) on Returns. Share. The object of this research is the Indonesian Stock Exchange, mining companies in the coal industry sector for the 2019-2021 period. The research data used is secondary data with the sampling method using non-probability sampling. And the data analysis method is by calculating financial performance, determining stock returns using a sample of 19 companies. The results of this research have been tested on classical assumptions in the form of normality tests, multicollinearity tests, heteroscedasticity tests and autocorrelation tests as well as hypothesis tests in the form of t tests, f tests , determination test, and multiple linear regression test. The results of this study show that ESP partially has a negative effect on Stock Return, ROA partially  has a positive effect on Stock Return, ROE partially has a negative effect on Stock Return, CR partially has a positive effect on Stock Return, DER partially has a positive effect on Stock Return, and PBV partially has a negative effect on Stock Return.    

The aim of this research is to analyze the effect of financial performance using the EVA and MVA methods on stock returns by including firm size as a moderating variable. The research uses a quantitative approach. The research population is food and beverage sub-sector companies listed on the Indonesia Stock Exchange (BEI) for the 2021-2022 period. Using a purposive sampling technique, a sample size of 27 companies was obtained with a population of 40 companies. Analyzed using the SEM-PLS approach to test the hypothesis. The results of the research found that company performance had a significant effect on stock returns using the EVA and MVA methods. However, firm size has no effect on stock returns, so the firm size variable cannot moderate financial performance using the EVA and MVA methods on stock returns. This proves that the company has not been able to create added value to the company and firm size cannot determine the continuity of a company's business.

Stock returns are generated by investors from buying and selling activities of the stocks they own. The generated return is determined by the increase or decrease in the stock prices. These prices are formed by the fundamental performance of the company. The purpose of this research is to examine the influence of factors such as financial distress, firm size, liquidity, and price to cash flow from operating activities on stock return. This study was conducted on transportation and logistics companies during the period of 2019-2022. A total of 22 companies were selected as samples for this research, using purposive sampling method and obtaining 88 relevant research data. The relationship between the dependent variable and independent variables was analyzed using multiple linear regression. The hypothesis test showed that the variable of financial distress, analyzed using the Zmijewski method, did not have any significant influence on stock return. Firm size, measured by total assets, was also not found to have a significant impact on stock return. The analysis of liquidity using the current ratio did not find a significant influence on stock return. However, price to cash flow from operating activities showed a significant and positive influence on stock return. This factor can be taken into consideration by investors and potential investors when analyzing the financial fundamentals of transportation and logistics companies before investing, as it has an impact on stock return.

This research applies the event study method to the Russian attack on Ukraine, with a focus on empirical evidence regarding the existence of abnormal returns around the event, as well as differences in abnormal returns before and during the event. This research is census in nature, involving 45 stocks that are members of the Liquid 45 Index as the population. Data collection is carried out through secondary sources, including daily closing stock prices and daily IHSG. Data analysis is based on a parametric statistical approach, namely one sample t-test and paired sample t-test. Statistically, this research finds evidence of abnormal returns, although not significant, around the event of Russia's attack on Ukraine. Additionally, there is an insignificant anomaly between the abnormal returns before and during the event. The conclusion of this research is that the Indonesian capital market is said to be an informationally efficient, semi-strong market. These findings can be a reference for investors in allocating funds, aiming to obtain an optimal portfolio.

Return is one of the aspects that motivates investors to engage and is also a reward for the investor's courage in bearing the risks of the investment they make. The aim of this research is to determine the effect of Return on Equity, Current Ratio, price earnings ratio, Debt to Equity Ratio and total assets turnover on stock returns in companies included in the LQ-45 index on the Indonesia Stock Exchange in the period 2016-2021. The population in this research are companies on the Indonesian Stock Exchange in the 2016-2021 period. The sampling technique in this research used purposive sampling. Empirical findings prove that NPL ratio factors affect firm value, while other factors namely; Company growth (FG), CAR, Loans (LDR), BOPO, DPK Growth (DG) and profitability partially do not affect the value of the company (Tobin's Q), but affect the value of the company (Tobin's Q) together.

Stock-taking is one way to maintain stock inventory by physically counting the stock of goods in the warehouse. However, it is not uncommon for companies to face data mismatches between existing records in the system and actual conditions in the warehouse on an ongoing basis. This problem can cause losses for the company in terms of quality, quantity, and storage costs. The DMAIC method (Define, Measure, Analyze, Improve, Control) is one method that can be used to overcome this problem. Based on data processing, it is obtained that the causes of stock-taking mismatches are outgoing goods that have not been inputted in the system, returns of goods that have not been inputted in the system, errors in inputting incoming goods into the system, different part numbers, incoming goods have not been inputted in the system with the largest percentage of causes being outgoing goods that have not been inputted at 49.60%. As for one of the efforts to control stock-taking discrepancies by making reports based on stock-taking deviation data within a certain period of time so that it can continue to reduce the occurrence of stock-taking discrepancies.

The profitability ratio is used as a benchmark in determining stock returns, because the profitability ratio is a ratio that measures how efficiently a company uses its assets and manages its operations. The higher the profit generated, the higher the stock return that investors will get. Included in this ratio are ROE (Return on Equity) and NPM (Net Profit Margin). The design of this research is a Literature Review or literature review. ROE is often referred to as profitability of own capital. This amount is obtained by dividing net profit after tax by total capital. A high ROE number shows the industry's ability to generate profits for shareholders. On the other hand, a high level of profitability will cause less external funds to be used. Companies with high profitability will have large internal funds. An increase in ROE increases the company's sales value, which has an impact on share prices. These two factors have a positive influence on stock returns, which means companies with high ROE and net profit margin tend to have higher stock returns. Therefore, investors can consider ROE and net profit margin as indicators of company performance that can influence stock returns when choosing investments.