The Influence of Financial Performance and Macroeconomic Factors on Stock Returns in Pharmaceutical Companies Listed on Several ASEAN Exchanges (Singapore, Malaysia, Vietnam, Indonesia)

Abstract

This research aims to determine the influence of Current Ratio, Cash Ratio, Debt To Equity Ratio, Time Interest Earned Ratio, Return On Equity, Net Profit Margin, Total Asset Turnover, Account Receivable Turnover, and Gross Domestic Product pthere is a stock return Pharmaceutical Companies Listed on Several ASEAN Stock Exchanges (Singapore, Malaysia, Vietnam, Indonesia)2018-2021 period. This research uses a quantitative type of research. The sampling technique uses purposive sampling. The data analysis methods used in the research are Descriptive Analysis, Panel Data Regression Analysis, Classical Assumptions, and Hypothesis Testing using the STATA application version 17. The results of the study show that partiallyCurrent Ratiosignificant negative effect on stock returns,Debt To Equity RatioAndTime Interest Earned Ratiosignificant positive effect on stock returns. WhereasCash Ratio, Return on Equity, Net Profit Margin, Total Asset Turnover, Account Receivable Turnover,and Gross Domestic Product has no effect onReturnShare.Simultaneously (F Test)Current Ratio, Cash Ratio, Debt To Equity Ratio, Time Interest Earned Ratio, Return On Equity, Net Profit Margin, Total Asset Turnover, Account Receivable Turnover,and Gross Domestic Productpositive and significant effect on the dependent variable (share returns).