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Analysis of Liquidity, Profitability, and Capital Adequacy Ratio on Stock Prices of Conventional Banks Listed on IDX, 2021–2025 Savira Ranika; Aulia Aulia; Geby Citra Ananda
Jurnal Fokus Manajemen Vol 6 No 4 (2026): November
Publisher : LPPJPHKI Universitas Dehasen Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/jfm.v6i4.13066

Abstract

This study aims to determine the effect of Loan to Deposit Ratio (LDR), Return on Assets (ROA), and Capital Adequacy Ratio (CAR) on stock prices of conventional commercial banks listed on the Indonesia Stock Exchange during the 2021–2025 period. This study uses a quantitative approach. The population consisted of 41 conventional commercial banks listed on the Indonesia Stock Exchange, and the sample was selected using purposive sampling, resulting in 10 banks with a five-year observation period, totaling 50 observations. The data used are secondary data obtained from annual reports and stock price data. The independent variables consist of liquidity, proxied by LDR, profitability, proxied by ROA, and CAR, while the dependent variable is stock price measured using the closing price. The data were analyzed using panel data regression with the assistance of EViews 13, with the Random Effect Model (REM) selected as the appropriate model. The results show that LDR has a negative and significant effect on stock prices, ROA has a positive and significant effect, while CAR has a negative but insignificant effect. Simultaneously, LDR, ROA, and CAR have a significant effect on stock prices. The Adjusted R-squared value of 26.51% indicates that LDR, ROA, and CAR explain 26.51% of the variation in stock prices, while the remaining 73.49% is explained by other factors outside the model.