Saputra, Idang Raya
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The Influence of Financial Ratios, Foreign Flow, Inflation, and Interest Rates on Stock Returns Saputra, Idang Raya; Aisjah, Siti
Jurnal Management Risiko dan Keuangan Vol. 4 No. 2 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2025.04.2.05

Abstract

The objective of this research is to identify the effects of financial ratio foreign flow, inflation, and interest rate on the stock return of banks listed on the Indonesia Stock Exchange during the Covid-19 pandemic of 2020-2021. Therefore, there are six independent variables and one dependent variable. Using purposive sampling technique with the criteria of banking companies that have been on the listed prior to and have not been suspended during the research period, 39 companies were selected as the sample. This descriptive research uses secondary data in forms of quarterly reports from both years acquired from Indonesia Stock Exchange, Bank Indonesia, and Mirae Asset Sekuritas. The independent variables are non-performing loan, loan-to-deposit ratio, operational efficiency ratio, foreign flow, inflation, and interest rate. The research hypotheses were assessed using multiple linear regression. This study finds that non-performing loan, operational efficiency ratio, and inflation have significant effects on the stock return, while loan-to-deposit ratio, foreign flow, and interest rate have no significant effect on the stock return.