The Effect of Profitability on Stock Return (Study on Financial Technology Companies Listed on NASDAQ)

Sulastri (), E. Tarmedi, B. Widjajanta and A. Panjaitan
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Sulastri: Universitas Pendidikan Indonesia, Business Education
E. Tarmedi: Universitas Pendidikan Indonesia, Business Education
B. Widjajanta: Universitas Pendidikan Indonesia, Business Education
A. Panjaitan: Universitas Pendidikan Indonesia, Business Education

A chapter in Proceedings of the 7th Global Conference on Business, Management, and Entrepreneurship (GCBME 2022), 2024, pp 274-282 from Springer

Abstract: Abstract This study aims to obtain an overview of the profitability of stock return in financial technology companies listed on the NASDAQ. The type of research used is descriptive and verification research with explanatory research methods. The sampling technique in this study is purposive sampling technique with a total sample of 6. Financial technology companies listed on the NASDAQ are the objects in this study. The data analysis technique used in this study is a panel data regression analysis technique with data processing applications using the Eviews 12 program. This study obtained findings showing that profitability negatively affects stock return. Based on the results of this study, it can be concluded that when profitability (ROE) increases, stock return do not increase.

Keywords: Profitability; Stock Return; Financial Technology (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-234-7_26

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DOI: 10.2991/978-94-6463-234-7_26

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