p-Index From 2021 - 2026
4.839
P-Index
Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : indo-mathedu intellectuals journal

Pengaruh Tingkat Suku Bunga dan Nilai Tukar Terhadap Return Saham dengan Profitabilitas Sebagai Variabel Intervening pada Perusahaan Perbankan yang Terdaftar di BEI Periode 2020–2024 Irawan, Fajar Rayhan Putra; Yenni, Zefri; Yeni, Fitri
Indo-MathEdu Intellectuals Journal Vol. 7 No. 2 (2026): Indo-MathEdu Intellectuals Journal
Publisher : Lembaga Intelektual Muda (LIM) Maluku

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54373/imeij.v7i2.5237

Abstract

This study aims to analyse the effect of interest rates and exchange rates on stock returns with profitability as an intervening variable in banking companies listed on the Indonesia Stock Exchange for the period 2020–2024. This study uses a quantitative approach with an explanatory research type. The research population includes all banking companies listed on the IDX, with purposive sampling techniques resulting in a sample of 27 companies. The data used is secondary data obtained from annual financial reports and related official publications. The data analysis method used path analysis with the help of statistical software to test the direct and indirect effects between variables. The results showed that interest rates did not have a significant effect on profitability, while exchange rates had a significant effect on profitability. Interest rates and exchange rates did not have a significant direct effect on stock returns. Profitability was found to have a significant effect on stock returns. Furthermore, interest rates have a significant effect on stock returns through profitability as an intervening variable, while exchange rates do not show a significant indirect effect through profitability. These findings indicate that profitability plays an important role in bridging the influence of macroeconomic factors on banking stock returns.
Co-Authors ', M. Nababan Afriany, Afriany Afuan, M. Al Faisal, Aldy Al Fitasari, Anggi Alfiana, Yulia Almina, Elsa Febri Anggraini, Nova Ardian Adi Putra, Ardian Adi Arsyabil, Trisya Asmaria Putri, Della Aulia Fitri, Nadha Charli, Chintya Ones Crefioza, Omia Daturrahmi, Sayyi Dodi Suryadi, Dodi Edriani, Devi Elfiswandi, Elfiswandi Eliza Eliza, Eliza - Fadly Azhar Fahimah , Etsa Fitri, Hasmaynelis Fitri, Hasmaynelis Fitri, Mutia Gusnadi Erwin Gustika, Roza Hadi, Hamdy Hapzi Ali Hidrayani Hidrayani Hutapea, Noftalia Ilyas, Andre Irawan, Fajar Rayhan Putra Irfandi Saputra Isfita, Vinda Jufri, Annisa Rama Juita Sukraini Jumailis, Mutia Fitri Kafrianti, Fredella Azaria Khairunnisa Zahira Asri Latifah, Jihan Lusiana Lusiana Maison, Witra Mardhiah Masril Mei Yudha, Agam Melani Putri, Risa Melta, Diki Jasrizal Miftahul Khair Monit, Ardian Tri Muhammad Ridwan Mulyani, Siti Rizki Mulyani, Sitti Rizki mutiara mutiara Nanda Putri, Aulia Nasution, Hendra Neldi, Mondra Ningsih, Selfi Hastria Nola, Silvia Nurbailis Nurhamzah Nuryati, Arnita Permata Sari, Putri Intan pitoyo, rubianto Putra, Ramdani Bayu Putri, Nabila Ulfa Maharani Putri, Rita Dwi Rahmadani, Nurul Rahmadhani, Intan Ramadhan, Muhammad Fikri Risetadi, Aslan Hari Sari, Putri Intan Permata Sari, Selvia Yona sari, yosi puspita SIGIT SANJAYA, SIGIT Silva Andani Prita, Silva Siti Sarah, Siti Sukraini, Juita Sumiarti, Marila Susriyanti, Susriyanti Tri Rahayuningsih Trinanda, Zikri Wijaya, Ronni Andri Wijaya3, Roni Andri Winanda, Dea Jenia Yasri, Muhammad Yerismal , Yerismal Yesriva Nursyam Yuliza, Mai Yusvi Diana Zahlul Ikhsan Zefri Yenni Zulbadri, Zulbadri Zulvianti, Nora