PENGARUH PERTUMBUHAN ASET DAN PERTUMBUHAN PENJUALAN TERHADAP RETURN SAHAM DENGAN RETURN ON ASEETS (ROA) SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN

Abstract

Investment is one of the important means in improving the ability to collect and maintain
wealth. One of the investment options that can be done is through stock investment in the capital
market. Investor's expectation in investing is getting the profit level termed with stock return. Return is
the goal of the investor to invest in the capital market. Investors perform various ways in order to get
the desired return desired, by doing their own analysis on the trading behavior of a stock, or by using
the means already provided from analysts in the capital market. The information that can be used as a
benchmark of stock returns of companies studied is ROA, asset growth, and sales growth. This study
aims to determine the effect of asset growth and sales growth on Stock Return through Return On
Aseets (ROA) on manufacturing companies listed in Indonesia Stock Exchange (IDX) period 2015-
2016. This study using Simple random sampling is used to get the number of samples. Based on the
technique, 36 companies were obtained as samples. Path analysis technique used in this research with
the result that the higher level of ROA, asset growth, and sales growth hence the higher stock return
also.