PERAN PROFITABILITAS DALAM MEMEDIASI PENGARUH TINGKAT SUKU BUNGA DAN LEVERAGE TERHADAP RETURN SAHAM
ABSTRACT: The aim of this
research is to analyze the influence of interest rate on profitability, the
influence of leverage on profitability, the influence of interest rate on stock
return, the influence of leverage on stock return, the influence of
profitability on stock return, the influence of interest rate on stock return
through profitability, the influence of leverage on stock return through
profitability. This research is conducted on companies in the building
construction sub sector listed in the Indonesian Stock Exchange with a total
population of 13 companies and total sample is 7 companies determined using the
purposive sampling method. The data analysis technique used is the path
analysis and sobel test. Based on analysis results, it was found that interest
rate has positive and significant influence on profitability, leverage has
positive and significant influence on profitability, interest rate has positive
and significant influence on stock return, leverage has positive and
significant influence on stock return, profitability has positive but
insignificant influence on stock return, profitability is significantly not
capable of mediating the influence of interest rate on stock return, and
profitability is significantly not capable of mediating the influence of
leverage on stock return.
Kata kunci: tingkat suku bunga, leverage, profitabilitas, return saham
Penulis: I Gusti Ngurah Wira
Aditya, Ida Bagus Badjra
Kode Jurnal: jpmanajemendd180072
