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Pengaruh Nilai Rukar Rupiah, Suku Bunga Indonesia Dan Inflasi Terhadap Return Saham Dengan Profitabilitas Sebagai Variabel Intervening Pada Perusahaan Perbankan di Bursa Efek Indonesia (BEI) Tahun 2012-2015 Galih Gerranda Ramadhani
JURNAL EKOBIS DEWANTARA Vol 1 No 6 (2018): JURNAL EKOBIS DEWANTARA
Publisher : Program Studi Manajemen Fakultas Ekonomi UST

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Abstract

The purpose of this study is to describe (1) To analyze and understand the effect of exchange rate on stock returns, (2) To analyze and understand the effect of Inflation on stock return, (3) To analyze and understand the effect of SBI on stock return, (4) To analyze and understand the effect of exchange rate on profitability, (5) To analyze and understand the effect of Inflation on profitability, (6) To analyze and understand the effect of SBI on profitability, (7) To analyze and understand the effect of profitability on stock return (8) the influence of Exchange Rate, Inflation, and SBI simultaneously affect the profitability, (9) To determine the effect of Exchange Rate, Inflation, and SBI simultaneously affect the stock return. The population in this research is BUMN and Private Bank in Indonesia which amounts to 41 companies and the samples of 8 companies. Data collection method is secondary data, while data analysis technique use multiple regression analysis supported by F test and T test and classical assumption test consist of normality test, multicolinearity test, heterokedasitas test, autocorrelation test. The results showed that multiple linear regression equations for three predictors are ROA = 2,913 + 0,0003642Kurs- 20,709Suku Bunga - 1,372Inflasi + e .... (1) means the exchange rate (X1), interest rate (X2), and inflation (X3) not great on profitability. Can be seen from the coefficient of determination (R2) 7.2%. This means that independent variables have a positive effect on profitability of 7.2% and the remaining 92.8% influenced by other variables. And the results of other studies show that multiple linear regression equations for four predictors are Return = 0.042 + 0.0001587kurs - 2.547suku bunga - 0.549inflasi-0,006ROA + e ...... (2) means Exchange rate (X1), interest rate (X2), inflation ( X3) and profitability (X4) contributed substantially to stock returns. Can be seen from the coefficient of determination (R2) 0.11. This means independent variables have a positive effect on profitability of 11% and the remaining 89% influenced by other variables.
ANALISIS DAMPAK NILAI CR, DER DAN EPS TERHADAP RETURN SAHAM DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING PADA PERBANKAN DI BURSA EFEK INDONESIA (BEI) Galih Gerranda Ramadhani; Sri Hermuningsih; Gendro Wiyono
Jurnal MANAJERIAL Vol 21, No 2 (2022): Vol 21, No 2
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/manajerial.v21i2.50074

Abstract

The current capital market has experienced rapid development and plays an important role in mobilizing funds from people who want to invest in the capital market. In a broad sense, investment is a sacrifice made at this time with the aim of obtaining a higher value in the future. Based on empirical evidence linking fundamental factors with stock returns, they still show different results, so further research needs to be done to prove how the influence of the four fundamental factors (EPS, DER, CR and ROA) on stock returns, especially in the banking industry sector in Indonesia. Indonesia stock exchange. This makes researchers interested in knowing the extent of the influence of Current Ratio, Dept. Equity Ratio and Earning Per Share on Stock Return. Profitability (ROA). The population used in this study is conventional banks in 2016-2020 or for 5 years. The sampling technique used was purposive sampling by meeting the criteria for being listed on the Indonesian stock exchange as a banking company and having clear financial statements. The analytical technique used in this research is the SEM analysis method. The test results show that the Current Ratio has no effect on Return On Assets, but has a positive effect on stock returns. The Dept. Equity Ratio variable has an effect on Return On Assets, but has no effect on stock returns. Earning Per Share variable has an effect on Return On Assets and there is an effect on Earning Per Share on stock returns. Return on Assets has no effect on stock returns. The Return On Asset variable does not moderate the effect of Current Ratio, Dept. Equity Ratio and Earning Per Share on stock returns because the p-value of the moderating effect is 0.05. Keyword: Current Ratio; Dept Equity Ratio; Earning Per Share; Return On Asset; return saham