The Indonesia Stock Exchange's Banking Company Share Price Influencing Factors

Authors

  • Diana Dwi Astuti Institut Teknologi dan Sains Mandala Jember
  • Hamzah Fansuri Yusuf Institut Teknologi dan Sains Mandala Jember

DOI:

https://doi.org/10.30741/assets.v7i1.931

Keywords:

Interest Rates, Inflation, Profitability, Liquidity, Stock Prices

Abstract

This study aims to determine the effect of interest rates, inflation, profitability and liquidity on stock prices in banking companies on the Indonesia Stock Exchange (IDX) 2017-2021. The type of research used is quantitative research. The data used in this study are secondary data obtained from a collection of literature books, accounting journals and financial data of banking companies listed on the Indonesia Stock Exchange (IDX). The data processing method used multiple linear analysis method with the help of SPSS 22 analysis tool. The results showed that partially the profitability variable had a significant effect on stock prices. Meanwhile, the interest rate, inflation and liquidity variables partially have no effect on stock prices. Simultaneously interest rates, inflation, profitability and liquidity have a significant effect on stock prices.

Downloads

Download data is not yet available.

References

Al-Fadhat, F., & Nadhir, M. R. (2019). Foreign Investment and the Political Economy of Indonesian Capital Market in 2015-2016. Humanities & Social Sciences Reviews, 7(6), 340-348. https://doi.org/10.18510/hssr.2019.7659

Amalya, N. T. (2018). Pengaruh return on asset, return on equity, net profit margin dan debt to equity ratio terhadap harga saham. Jurnal SEKURITAS (Saham, Ekonomi, Keuangan Dan Investasi), 1(3), 157-181. http://dx.doi.org/10.32493/skt.v1i3.1096

Annisa, N., Chaerudin, A. R., & Widodo, W. (2021). Pengaruh Return On Asset (ROA) Dan Return On Equity (ROE) Terhadap Harga Saham:(Studi Kasus Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia). Jurnal Bina Bangsa Ekonomika, 14(1), 153-165. . https://doi.org/10.46306/jbbe.v14i1.67

Ghozali, I. (2018). Aplikasi analisis multivariate dengan program IBM SPSS 25. Universitas Diponegoro

Ginting, M. R. M. (2016). Pengaruh tingkat suku bunga, nilai tukar dan inflasi terhadap harga saham. Doctoral dissertation, Universitas Brawijaya.

Harahap, D. A., & Hairunnisah, A. I. (2017). Pengaruh NPL, LDR, GCG, NIM, ROA, ROE, CAR, BOPO Terhadap Harga Saham Pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Dari Tahun 2010-2014. Jurnal Dimensi, 6(1), 22-40. https://doi.org/10.33373/dms.v6i1.522

Hismendi, H., Masbar, R., Nazamuddin, N., Majid, M., & Suriani, S. (2021). Sectoral stock markets and economic growth nexus: Empirical evidence from Indonesia. The Journal of Asian Finance, Economics and Business, 8(4), 11-19. https://doi.org/10.13106/jafeb.2021.vol8.no4.0011

Imamah, N., Lin, T. J., Handayani, S. R., & Hung, J. H. (2019). Islamic law, corporate governance, growth opportunities and dividend policy in Indonesia stock market. Pacific-Basin Finance Journal, 55, 110-126. https://doi.org/10.1016/j.pacfin.2019.03.008

Janah, M., Malikah, A., & Hariri, H. (2021). Pengaruh Inflasi dan Kurs Terhadap Harga Saham Selama Pandemi Pada Industri Keuangan yang Terdaftar di BEI. Jurnal Ilmiah Riset Akuntansi, 10(7), 46-55.

Latif, I. W., Murni, S., & Tawas, H. N. (2021). Analisis Capital Adequacy Ratio (CAR), Non Performing Loan (NPL), Loan To Deposit Ratio (Ldr), Debt To Equity Ratio (DER), Dan Return On Asset (ROA) Terhadap Harga Saham Pada Perusahaan Sektor Perbankan Yang Terdaftar Di Bursa Efek Indonesia (Periode 2015-2019). Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 9(4), 203-2015. https://doi.org/10.35794/emba.v9i4.36199

Malau, N. A. (2018). Pengaruh Nilai Tukar Dan Suku Bunga Terhadap Harga Saham Pada Perusahaan Perbankan Di Bursa Efek Indonesia. Jurnal Ilmiah DUNIA ILMU, 4(1), 133-144.

Masril, M. (2018). Pengaruh CAR dan LDR terhadap Harga Saham pada Perbankan di Bursa Efek Indonesia. Jurnal Samudra Ekonomi Dan Bisnis, 9(2), 150-159. https://doi.org/10.33059/jseb.v9i2.763

Noermaidah, R., & Siskawati, S. A. D. (2020). Pengaruh Inflasi, Suku Bunga, Kurs, Current Ratio, Net Profit Margin, Debt to Equity Ratio, Earning Per Share Terhadap Harga Saham. JCA of Economics and Business, 1(1), 52-63.

Nugraha, N. M., Yahya, A., Nariswari, T. N., Salsabila, F., & Octaviantika, I. Y. (2021). Impact of Non-Performing Loans, Loan to Deposit Ratio and Education Diverstiy on Firm Performance of Indonesia Banking Sectors. Review of International Geographical Education Online, 11(3), 85-96. https://doi.org/10.48047/rigeo.11.3.10

Nurasila, E., Yudhawati, D., & Supramono, S. (2020). Pengaruh Inflasi Dan Suku Bunga Terhadap Harga Saham Pada Sektor Industri Barang Dan Konsumsi. Manager: Jurnal Ilmu Manajemen, 2(3), 389-402.

Octaviani, S., & Komalasari, D. (2017). Pengaruh Likuiditas, Profitabilitas, dan Solvabilitas Terhadap Harga Saham. JAK (Jurnal Akuntansi) Kajian Ilmiah Akuntansi, 4(1), 77-89. https://doi.org/10.30656/jak.v4i1.219

Paramita, R. W. D., Rizal, N., & Sulistyan, R. B. (2021). Metode Penelitian Kuantitatif Edisi 3. Widya Gama Press.

Petry, J. (2020). Financialization with Chinese characteristics? Exchanges, control and capital markets in authoritarian capitalism. Economy and Society, 49(2), 213-238. https://doi.org/10.1080/03085147.2020.1718913

Purnamasari, D. (2017, October). Pengaruh Capital adequacy ratio, loan to deposit ratio dan Return On Asset Terhadap Harga Saham Perusahaan Perbankan. FIPA: Forum Ilmiah Pendidikan Akuntansi, 5(1), 264-278.

Samsul, M. (2015). Pasar Modal dan Manajemen Portofolio Edisi 2. Erlangga.

Saydaliev, H. B., Kamzabek, T., Kasimov, I., Chin, L., & Haldarov, Z. (2022). Financial inclusion, financial innovation, and macroeconomic stability. In Innovative Finance for Technological Progress (pp. 27-45). Routledge.

Sujarweni, V. W. (2017). Analisis laporan keuangan; Teori, aplikasi, dan hasil penelitian. Pustaka Baru Press

Uyar, A., Wasiuzzaman, S., Kuzey, C., & Karaman, A. S. (2022). Board structure and financial stability of financial firms: Do board policies and CEO duality matter?. Journal of International Accounting, Auditing and Taxation, 47, 100474. https://doi.org/10.1016/j.intaccaudtax.2022.100474

Widoatmodjo, S. (2009). Pasar Modal Indonesia: Pengantar dan Studi Kasus. Ghalia Indonesia.

Yudistira, E. R., & Adiputra, I. M. P. (2020). Pengaruh Faktor Internal dan Eksternal Terhadap Harga Saham. Jurnal Ilmiah Akuntansi dan Humanika, 10(2), 176-184. https://doi.org/10.23887/jiah.v10i2.25862

Zuhud, D. A. Z., Musa, M. H., Ismail, M., Bahaludin, H., & Razak, F. A. (2022). The Causality and Uncertainty of the COVID-19 Pandemic to Bursa Malaysia Financial Services Index’s Constituents. Entropy, 24(8), 1100. https://doi.org/10.3390/e24081100

Downloads

Published

2023-01-22

How to Cite

Astuti, D. D., & Yusuf, H. F. (2023). The Indonesia Stock Exchange’s Banking Company Share Price Influencing Factors. Assets : Jurnal Ilmiah Ilmu Akuntansi, Keuangan Dan Pajak, 7(1), 24–34. https://doi.org/10.30741/assets.v7i1.931