Assessing Stock Return: Findings from Consumer Goods Industry in Indonesia

Abstract

This study aims to determine the impact of earnings per share (EPS), dividend
payout ratio (DPR), debt to equity ratio (DER), and investment opportunity set
(IOS) on stock return. Population of this study is consumer goods industry sector
companies listed on Indonesia Stock Exchange (IDX). The total sample was
taken compromising 17 companies within a period from 2010-2013, by using
purposive sampling method. The data used are secondary data and analytical
methods use is regression analysis test tools. The results of this study showed
that there are no impacts of earnings per share, dividend payout ratio, debt to
equity ratio, and investment opportunity set partially and simultaneously on stock
return on the consumer goods industry sector companies. The results of this
study mostly influenced by the performance of consumer goods industry sector
companies that have high stability and resistant towards crisis.