Stock Return: Post Pandemic COVID-19 Evidence from Indonesian Companies
Lestari (a*), Sigit Mareta (b), Yolifiandri (c), Edy Suryadi (d), Irwan Irawadi Barus (e)

a,b,c,d,e) Accounting Program, Universitas Dian Nusantara, Jakarta Indonesia
*lestari[at]undira.ac.id

Abstract

The activities of manufacturing companies that utilize technology have provided easy information for investors. However, the COVID-19 pandemic has resulted in uncertainty for investors, where the asymmetric stock return response also has an impact on the financial markets in Indonesia. This paper examines the effect of earnings per share (EPS), debt to equity ratio (DER) and firm size (FS) on Stock Returns (SR). Using a purposive sampling method with manufacturing companies listed on the Indonesia Stock Exchange for the 2016-2020 period, and Moderated Regression Analysis (MRA) as a tool for testing variables.

Keywords: Debt to Equity Ratio, Earnings Per Share, Firm Size, Stock Returns

Topic: Business, Corporate Governance, and Accounting