PENGARUH RASIO KEUANGAN, RASIO PASAR DAN HARGA SAHAM PERIODE SEBELUMNYA TERHADAP HARGA SAHAM PERBANKAN PERIODE 2015 – 2020

Abstract

The JCI development from 2015 to 2020 has fluctuated as well as banking stock prices in the Infobank15 index. This study aims to determine the effect of financial ratios (CAR, ROA, NPL, LDR), market ratios (PER), and technical factors (previous stock prices) on Infobank15 stock prices for the 2015 - 2020 period. The data used is quarterly, and total observation is 360 data. Panel Data Regression with Fixed Effect Model is used as the analysis technique. The results of the study conclude that CAR, NPL, ROA, LDR, PER and HSML simultaneously had a significant effect on infobank15 stock prices. Meanwhile, CAR, ROA and HSML has a positively effect on infobank15 stock prices. Furthermore, the NPL variable negatively affects the stock value of infobank15. Only LDR and PER do not affect the value of infobank15 stock prices.