Determinan Harga Saham Bank Umum yang Terdaftar di BEI Pendekatan Analisis Fundamental
Kata Kunci:
NPM, NPL, ROA, Inflasi, Harga SahamAbstrak
Penelitian ini bertujuan untuk menganalisis faktor-faktor yang memengaruhi harga saham bank umum yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2019-2023 dengan pendekatan kuantitatif dan menggunakan data sekunder. Variabel yang dianalisis meliputi Non-Performing Loan (NPL), Net Profit Margin (NPM), Return on Assets (ROA),), dan Inflasi, dengan harga saham sebagai variabel dependen. Metode yang digunakan adalah regresi data panel dengan perangkat lunak Eviews 10. Hasil penelitian menunjukkan bahwa secara simultan, NPL, NPM, ROA, dan Inflasi berpengaruh signifikan terhadap harga saham. Secara parsial, NPL dan Inflasi tidak berpengaruh signifikan, sementara NPM dan ROA memiliki pengaruh positif signifikan terhadap harga saham. Temuan ini menegaskan bahwa profitabilitas dan efisiensi pengelolaan aset berperan penting dalam memengaruhi harga saham, sementara faktor risiko kredit dan makroekonomi cenderung memiliki pengaruh yang minimal. Penelitian ini memberikan wawasan bagi investor dan manajemen bank dalam pengambilan keputusan investasi dan pengelolaan kinerja keuangan bank..
Unduhan
Referensi
Agalliao, L., Hidayat, W. W., & Nurbaiti, B. (2024). Pengaruh Good Corporate Governance, Profitabilitas Dan Liabilitas Terhadap Nilai Perusahaan (Emiten Manufaktur Sektor Barang Konsumsi Bei Periode 2020-2023). Jurnal Akuntansi, Keuangan, Perpajakan Dan Tata Kelola Perusahaan, 2(1), 67–79.
Alisjahbana, A. S., Setiawan, M., Effendi, N., Santoso, T., & Hadibrata, B. (2020). The adoption of digital technology and labor demand in the Indonesian banking sector. International Journal of Social Economics, 47(9), 1109–1122. https://doi.org/10.1108/IJSE-05-2019-0292
Annisa, N. D., & Inayati, N. I. (2022). Factors Influence on Non Performing Financing Islamic Banking. Islamic Accounting Journal, 2(1), 51–62. https://doi.org/10.18326/iaj.v2i1.51-62
Chemutai, J., Ayuma, D. C., & Yusufkibet, D. (2016). Effects of Capital Structure on Share Price Performance of Commercial Banks Listed in Nairobi Security Exchange, Eldoret, Kenya. IOSR Journal of Business and Management, 18(09), 122–133. https://doi.org/10.9790/487X-180903122133
Daferighe, E., & Charlie, S. (2014). The impact of inflation on stock market performance in Nigeria. American Journal of Social and Management Sciences, 3(2), 76–82. https://doi.org/10.5251/ajsms.2012.3.2.76.82
Fahlevi, R. R., Asmapane, S., & Oktavianti, B. (2018). Pengaruh kinerja keuangan terhadap harga saham pada perusahaan perbankan yang terdaftar di bursa efek indonesia. AKUNTABEL, 39. https://doi.org/10.29264/jakt.v0i0.2042
Gotami, P. A. S., Sastri, I. I. D. A. M. M., & Putra, I. G. B. N. P. (2023). The Influence of Financial Performance on Stock Prices in Banking Sector Companies Listed on the Indonesian Stock Exchange for the 2019-2021 Period. Journal of Tourism Economics and Policy, 3(4), 306–312. https://doi.org/10.38142/jtep.v3i4.885
Happrabu, A. S., & Ariyani. (2023). The Effect of Financial Performance on Stock Prices in Food and Beverage Sub-Sector Companies Listed on the Indonesia Stock Exchange 2017-2021 Period. Jurnal Ekonomi, 22(2), 70–75. https://doi.org/10.29138/je.v22i2.187
Medyawati, H., & Muhamad Yunanto. (2023). Determinants of Banking Sector Stock Prices in Indonesia. Journal of Economics, Finance and Accounting Studies, 5(2), 40–51. https://doi.org/10.32996/jefas.2023.5.2.4
Muhammad Rosidi, R., & Cathelya Vionna Githa. (2022). Dampak Pandemi Covid-19 Terhadap Sektor Perbankan di Indonesia. Kompak :Jurnal Ilmiah Komputerisasi Akuntansi, 15(2), 319–325. https://doi.org/10.51903/kompak.v15i2.676
Nugroho, M., Halik, A., & Arif, D. (2020). Effect of CAMELS Ratio on Indonesia Banking Share Prices. The Journal of Asian Finance, Economics and Business, 7(11), 101–106. https://doi.org/10.13106/jafeb.2020.vol7.no11.101
O., A., & A. A., J. (2024). Factors Affecting Share Performance of Quoted Deposit Money Banks in Nigeria. African Journal of Accounting and Financial Research, 7(1), 23–34. https://doi.org/10.52589/AJAFR-ZCUBX5OQ
Phu Ha, N. (2021). Impact of macroeconomic factors and interaction with institutional performance on Vietnamese bank share prices. Banks and Bank Systems, 16(1), 127–137. https://doi.org/10.21511/bbs.16(1).2021.12
Prastiwi, I. E., & Anik, A. (2021). Financing Diversification and Profitability of Islamic Banking in Indonesia. Jurnal Akuntansi Dan Pajak, 21(02). https://doi.org/10.29040/jap.v21i02.1817
Pratama, R. M., Saifi, M., & Z.A, Z. (2024). Does Financial Performance Mediate the Relationship between Corporate Governance and Corporate Value? Evidence from Indonesian Banking Companies. KnE Social Sciences. https://doi.org/10.18502/kss.v9i11.15839
Qurrota’Ayun, O. F., Sudarwati, S., & Marwati, F. S. (2023). Analysis of Financial Ratio to Stock Price. Almana : Jurnal Manajemen Dan Bisnis, 7(1), 28–38. https://doi.org/10.36555/almana.v7i1.2071
Rafaqat, S., Rafaqat, S., Rafaqat, S., & Rafaqat, D. (2021). The Impact of Fundamental Factors on the Share Price of Micro-Sized Nasdaq Listed Technology Companies. The Economics and Finance Letters, 8(2), 142–153. https://doi.org/10.18488/journal.29.2021.82.142.153
Rissy, Y. Y. W. (2021). The stakeholder model: its relevance, concept, and application in the Indonesian banking sector. Journal of Banking Regulation, 22(3), 219–231. https://doi.org/10.1057/s41261-020-00140-2
Salsabilla, B., & Yunita, I. (2020). Pengaruh Tingkat Kesehatan Bank Terhadap Harga Saham Perbankan Umum Konvensional TERDAFTAR DI BEI 2014-2018. Jurnal Manajemen Bisnis Krisnadwipayana, 8(2). https://doi.org/10.35137/jmbk.v8i2.426
Sari, L., & Septiano, R. (2023). Modal Meningkatkan Harga Saham Perbankan Di Indonesia. Jurnal Revenue: Jurnal Ilmiah Akuntansi, 4(1), 33–39.
Sitasari, I., & Firmansyah, Y. (2022). Effect of Inflation, Exchange Rates, and Interest Rates on Financial Sector Share Prices. International Economic and Finance Review, 1(1), 109–139. https://doi.org/10.56897/iefr.v1i1.7
Sudirman, S., Trimulato, T., Sadapotto, A., & Yulianti, Y. (2022). The Influence Of Internal And External Factors As An Explanation Of Changes In Non-Performing Financing At Bank Bni Syariah. Tasharruf: Journal Economics and Business of Islam, 7(2), 119. https://doi.org/10.30984/tjebi.v7i2.2084
Sulaiman, S. (2024). Analysis of the effect of return on assets and return on equity on stock prices pt. (Persero) Mandiri bank TBK. International Journal of Accounting and Economics Studies, 11(1), 14–17. https://doi.org/10.14419/ywcsy670
Tahir, Y. A., Djuwarsa, T., & Mayasari, I. (2021). Pengaruh ROA, ROE, dan EPS terhadap Harga Saham Bank Umum Kelompok BUKU 4. Indonesian Journal of Economics and Management, 1(3), 544–560. https://doi.org/10.35313/ijem.v1i3.3018
Vilia, H., & Colline, F. (2021). Pengaruh Camel Terhadap Harga Saham Pada Bank Buku 4 Yang Terdaftar Di Bursa Efek Indonesia Periode 2016-2019. Jurnal Administrasi Bisnis, 17(1), 83–100. https://doi.org/10.26593/jab.v17i1.4656.83-100
Wiadnyani, D. A. P. M., & Artini, L. G. S. (2023). Influence of NPL, BOPO, LDR, and ROA on Firm Value: Study of Banking Sub-Sector Companies on the Indonesia Stock Exchange 2019-2021. European Journal of Business and Management Research, 8(4), 261–266. https://doi.org/10.24018/ejbmr.2023.8.4.2062
Wibisono, W. (2023). Preliminary Study on Corruption Case in the Indonesian Banking Sector: Overview of the Fraudster, Loss, and Fraud Modes. Asia Pacific Fraud Journal, 8(1), 31. https://doi.org/10.21532/apfjournal.v8i1.263
Unduhan
Diterbitkan
Cara Mengutip
Terbitan
Bagian
Lisensi
Hak Cipta (c) 2024 Moh. Rizqy Eka Putra, Gymnastiar Eka Aurillina Pasaribu, Icha Kartika Putri, Ladi Wajuba Perdini Fisabilillah, Dita Dismalasari Dewi
Artikel ini berlisensi Creative Commons Attribution 4.0 International License.
Abstract views: 48
,
PDF Downloads: 158
