Vol. 2 [1] | ISSN 2576 - 5973 | American Journal of Economics and Business Management Conflict of Interest Statement: The author [s] declares that the research was conducted in the absence of any commercial or financial relationships that could be construed as a potential conflict of interest. DOI: DOI 10.31150/A JEBM.VOL2.ISS1.44 INSTABILITY OF THE STOCK RETURN ON FOOD AND BAVERAGE COMPANIES LISTED IN INDONESIA STOCK EXCHANGE Niko Fediyanto 1 , Sriyono Sriyono 1 , Novita Velasari 1 *For correspondence: 1 Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Sidoarjo Abstract Investors always have high hopes for stock returns, but that is sometimes beyond expectations so investors must be careful in buying shares. The purpose of this study is to provide information to investors about what factors influence stock returns, with this notification, investor expectations of stock returns are met. The population used in the study is a manufacturing company listed on the IDX. The population technique used was purposive sampling. The analysis begins with the classic assumption test and the estimated panel data model, and continues with the t-test and F-test as well as the determination test. The results obtained are to meet the expectations of investors on stock returns is to increase the market value added ratio and return on assets ratio. Keywords: stock returns, market value added, return on assets Contents Introduction 50 Research method 53 Results 54 Discussion 56 Conclusion 58 References 58 Introduction Capital market is one source of economic progress because they can be a source and alternative for companies besides banks. The capital market is a financing alternative to obtain capital at relatively cheap costs and also a place for short-term and long-term investments. Public companies listed on the stock exchange every year must submit annual and monetary reports to the Stock Exchange and investors. Investors or prospective investors have high expectations of investment, namely obtaining profits, security, and growth of invested funds. For this reason, in making a stock investment, Copyright © 2019 Author [s]. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). 50