THE INFLUENCE OF CORPORATE AND INVESTOR RETURNS ON BANK STOCK VALUATIONS ON THE INDONESIA STOCK EXCHANGE : A STUDY 2019-2023
Keywords:
DBS, PBV, ROA, ROE, Stock PriceAbstract
The purpose of this research is to find out and analyze the influence of Dividend per Share (DPS), Price to Book Value (PBV), Return on Assets (ROA) and Return on Equity (ROE) on stock prices partially in IDX listed banking companies for the period 2019-2023. The subject of this study includes IDX listed banking companies for the period 2019-2023 with sampling technique using purposive sampling method to obtain a total sample of 12 companies and a total of 60 data. This study uses several data analysis techniques through linear regression using Statistical Package for Social Sciences (IBM SPSS) for Windows version 25. Based on the results of the study, it is shown that the variables Dividend per share (DPS) and Price to book value (PBV) have a positive and significant impact on stock prices. Meanwhile, the variables Return on Assets (ROA) and Return on Equity (ROE) do not affect the stock prices of IDX-listed banking companies in the period 2019-2023. Based on the results of the coefficient of determination test, it has a value of 0,796 meaning the independent variable in this study affects the related variable by 79,6%. While the remaining 20,4% are influenced by other factors that have not been studied in this study.
Downloads
References
E. T. K. Arnita, O. Abriyoso, and B. Wijayantini, Manajemen Keuangan Teori dan Aplikasi. Solok: CV Insan Cendekia Mandiri, 2021.
V. W. Utami and R. Kartika, “Investasi Saham pada Sektor Perbankan adalah Pilihan yang Tepat Bagi Investor di Pasar Modal,” J. Sains Sosio Hum., vol. 4, no. 2, pp. 894–897, 2020, doi: 10.22437/jssh.v4i2.11596.
IDX, “Detail Siaran Pers Tambah Alternatif Acuan Investasi Sub-Sektor Bank, BEI dan PEFINDO Luncurkan Indeks IDX-PEFINDO Prime Bank.” [Online]. Available: https://www.idx.co.id/id/berita/siaran-pers/2028
Ifadhila, “Pengaruh DPS, EPS, dan ROA Terhadap Harga Saham,” Jumanji (Jurnal Manaj. Jambi), vol. 6, no. 1, pp. 49–58, 2023, doi: 10.35141/jmj.v6i1.850.
A. B. Setiawan, S. Anwar, and I. Sriwahyuni, “PENGARUH RETURN ON INVESTMENT (ROI), EARNING PER SHARE (EPS) DAN DIVIDEN PER SHARE (DPS) TERHADAP HARGA SAHAM,” J. AKUNIDA, vol. 7, no. 1, pp. 7823–7830, 2021.
P. D. Saputra, S. Pawenang, and R. Damayanti, “Pengaruh Return On Equity, Earning Per Share dan Price to Book Value terhadap harga saham (sub sektor perusahaan properti dan real estate tahun 2018-2019),” J. Ilm. Edunomika, vol. 5, no. 02, pp. 1012–1021, 2021, [Online]. Available: https://jurnal.stie-aas.ac.id/index.php/jie/article/view/1874
W. F. Fitri and D. Retnaningdiah, “Pada Perusahaan Sub Sektor Kesehatan Yang Terdaftar,” J. Competency Bus., vol. 6, no. 1, pp. 55–65, 2022, [Online]. Available: https://jurnal.ucy.ac.id/index.php/JCoB/article/view/1295
A. A. Mokoginta and R. T. Shakti, “Analisis Pengaruh Rasio Earning Per Share (EPS), Price Book Value (PBV), Return On Asset (ROA), Dan Return On Equity (ROE) Terhadap Harga Saham Perusahaan Pada Indeks LQ45 Di Bursa Efek Indonesia (BEI) Periode 2016-2018,” J. Akunt. dan Pasar Modal, vol. 2, no. 9, pp. 1689–1699, 2019.
N. Dzakwan, E. Fariantin, and E. Setiawati, “Pengaruh ROA, NPM, EPS, Dan PBV Terhadap Harga Saham Sektor Energi Yang Terdaftar Di BEI,” J. Ganec Swara, vol. 17, no. 1, p. 44, 2023, doi: 10.35327/gara.v17i1.368.
P. Purwanti, “Pengaruh ROA, ROE, dan NIM terhadap Harga Saham pada Perusahaan Sektor Perbankan yang Terdaftar di BEI Periode 2015-2019,” J. Apl. Manajemen, Ekon. dan Bisnis, vol. 5, no. 1, pp. 75–84, 2020, doi: 10.51263/jameb.v5i1.115.
Yang Yang, “Analisis Pengaruh Eps, Roe, Dps Dan Roa Terhadap Harga Saham Perusahaan Perdagangan Besar Yang Terdaftar Di Bursa Efek Indonesia (Bei) Periode 2013-2016,” J. Manaj. Bisnis Dan Kewirausahaan, vol. 4, no. 2, pp. 32–37, 2020.
K. Digdowiseiso, Metode Penelitian Ekonomi dan Bisnis, 1st ed. Jakarta Selatan: Lembaga Penerbitan Universitas Nasional (LPU-UNAS), 2017.
I. Ghozali, Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25 Edisi 9, 9th ed. Semarang: Badan Penerbit Universitas Diponegoro, 2018.
R. Junli, “Pengaruh NPM dan DPS Terhadap Harga Saham Pada Perusahaan Sub Sektor Perbankan Periode 2018-2022,” J. Akunt. dan Manaj. Bisnis, vol. 3, no. 3, pp. 89–97, 2023.
A. Sartono, Manajemen Keuangan Teori dan Aplikasi. Yogyakarta: BPFE Yogyakarta, 2016.
T. F. Solekah and R. Erdkhadifa, “Pengaruh EPS, DPS, PBV, dan DER Terhadap Harga Saham(Closing Price) PT. Unilever Indonesia Tbk. Periode 2015-2022,” Al-Kharaj J. Ekon. Keuang. Bisnis Syariah, vol. 6, no. 2, pp. 672–684, 2024, doi: 10.47467/alkharaj.v6i2.3932.
A. Mappadang, Buku Ajar Manajemen Investasi & Portofolio. Banyumas: CV. Pena Persada, 2021.
R. H. Putri and L. Megawati, “Pengaruh Der, Roe, Dan Pbv Terhadap Harga Saham Perusahaan Sektor Otomotif Yang Terdaftar Di Bei Periode 2015-2019,” Gorontalo Manag. Res., vol. 4, no. 01, p. 45, 2021, doi: 10.32662/gomares.v4i01.1542.
A. Ardiyanto, N. Wahdi, and A. Santoso, “Pengaruh Return on Assets, Return on Equity, Earning Per Share Dan Price To Book Value Terhadap Harga Saham,” J. Bisnis Akunt. Unsurya, vol. 5, no. 1, pp. 33–49, 2020, doi: 10.35968/jbau.v5i1.377.
R. Triawan and A. Shofawati, “PENGARUH ROA, ROE, NPM DAN EPS TERHADAP HARGA SAHAM PERUSAHAAN DI JAKARTA ISLAMIC INDEX (JII) PERIODE 2011-2015,” J. Ekon. Syariah Teor. dan Terap., vol. 5, no. 7, pp. 541–555, 2018.
Faridah, “Pengaruh Kinerja Keuangan Perusahaan Terhadap Return Saham Pada Perusahaan Yang Tergabung Dalam Indeks LQ-45 Di Bursa Efek Indonesia,” no. 2004, p. 109, 2014.
A. H. Hafidzi, E. B. Satoto, and R. E. Supeni, “The Effect of COVID-19 Pandemic on Stock Return of Kompas 100 Index,” Int. J. Sustain. Dev. Plan., vol. 18, no. 1, pp. 283–294, 2023, doi: 10.18280/ijsdp.180130.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
