ANALYSIS OF FUNDAMENTAL FACTORS THAT INFLUENCE STOCK RETURN AT MINING INDUSTRIES LISTED IN INDONESIA STOCK EXCHANGE PERIOD 2010 – 2012

Abstract

Capital market as one of the fast growing business had attracted many investor to plant their capital in order getting more profit. Coal-mining companies seems to be the main attention for investor because of the high profit provided by the company’s operational activities. Fluctuate of stock price in the last period attracted researcher to define the impact behind the condition. Therefore, this research is aimed to analyze the influence of Earning Per Share (EPS), Return on Assets (ROA), Debt to Equity Ratio (DER) and Current Ratio (CR) towards stocks return in ten coal-mining companies listed at Indonesia Stock Exchange period 2010-2012. This research was conducted using secondary data. And for the method used is multiple linear regression model. Sampling technique used was purposive sampling by taking 10 coal-mining companies listed based on the completeness of data and the size of stock price. The result of this research show Earning Per Share (EPS), Return on Assets (ROA), Debt to Equity Ratio (DER) and Current Ratio (CR) all together have significant influence toward stock return. Meanwhile, partially Earnings per Share (EPS) and Debt to Equity Ratio have positive and significant influence toward stock return, but Return on Assets (ROA) and Current Ratio (CR) have no significant influence toward stock return.