ABSTRACT
ASRUL ASIS (B1B1 14 127), Detrminants of Share Returns Before and After Stock Repurchase in Indonesia. The essay Department of Management, Faculty of Economics and Business, Undergraduate Program Halu Oleo University, guided by: Sujono, and Nuryamin Budi. The purpose of this study is to investigate the determinants of share returns before and after the implementation of stock repurchase in Indonesia. Data collection method in this research is documentation method. The number of samples in this study as many as 65 companies that do buy back from 2009 to 2016. The number of observations of 40 companies obtained through the method of purposive sampling. The analysis technique used is multiple linear regression analysis. The empirical results show that during the event window (-20.20) the implementation of stock repurchase increases the abnormal return. Sales Growth (SG), Return On Equity (ROE), Debt to Equity Ratio (DER), Firm Size, and Price Earning Ratio (PER) are the determinants of stock returns, have a significant effect on Cumulative Abnormal Return (CAR). Keywords: Sales Growth, Return On Equity, Debt to Equity Ratio, Firm Size, Price Earning Ratio, Cumulative Abnormal Return, Stock Repurchase.