ABSTRAK
Penelitian ini bertujuan untuk mengetahui apakah current ratio, fixed chargecoverage, net income margin, financial slack, sales growth, dan debt ratio secarasignifikan menentukan financial constraints serta untuk mengetahui hubungannyadengan return saham. Penelitian ini menggunakan analisis regresi logit untukpengelompokan perusahaan berdasarkan status financial constraint dan analisisregresi sederhana digunakan untuk mengetahui hubungan antara financialconstraint dan return saham. Hasil penelitian menunjukkan bahwa pada tingkatsignifikansi 5% variabel yang secara signifikan mempengaruhi status financialconstraint adalah current ratio, fixed charge coverage, net income margin, dan debtratio. Sedangkan analisis regresi financial constraint dan return sahammenunjukkan hubungan yang negatif.

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ABSTRACT
This study aims to determine whether current ratio, fixed charge coverage, netincome margin, financial slack, sales growth, and the debt ratio significantlydetermine financial constraints and to investigate its relationship with stock returns.This study uses logit regression analysis for grouping companies based on the statusof financial constraints and ordinary regression analysis is used to determine therelationship between financial constraints and stock returns. The results show thatat 5% significance level variables that significantly affect the status of financialconstraint is current ratio, fixed charge coverage, net income margin, and debt ratio.While the regression analysis of financial constraints and stock returns show anegative relationship.