PENGARUH RASIO KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN PERBANKAN

Raffi Putra  Kamaski; Astri  Fitria

Raffi Putra Kamaski Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya
Astri Fitria Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya

Keywords: loan to deposit ratio, capital adequacy ratio, return on assets, price to book value, stock returns (capital gain)

Abstract

This research aims to examine the effect of financial ratio of Loan to Deposit Ratio (LDR), Capital Adequacy Ratio (CAR), Return to Assets (ROA), and Price to Book Value (PBV) as the independent variables, on the stock return (dependent variable) at the Banking companies during 2021 until 2023. Whereas that year was an endemic year of COVID-19 and post-recovery. The research applies quantitatively. The statistics data test through multiple linear regression analysis and classical assumption tests were used to seek the influence of financial ratios on stock returns. Furthermore, the population consists of Banking companies listed on the Indonesia Stock Exchange. Moreover, the data collection technique used purposive sampling with 34 Banking companies were observed as a sample.The result shows that: (1) Loan to Deposit Ratio (LDR) does not affect the stock return of Banking companies, (2) Capital Adequacy Ratio (CAR) does not affect the stock return, (3) Return on Assets (ROA) did not affect the stock returns, and (4) Price to Book Value (PBV) had a positive effect on the stock return.