Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Jurnal Management Risiko dan Keuangan
Saputra, Idang Raya
Unknown Affiliation
Decision Sciences, Operations Research & Management

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
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

Purpose –  This study aims to analyze the effects of financial ratios, foreign flow, inflation, and interest rates on stock returns of banking companies listed on the Indonesia Stock Exchange during the COVID-19 pandemic (2020–2021).    Design/methodology/approach – This descriptive quantitative study uses secondary quarterly data obtained from the Indonesia Stock Exchange, Bank Indonesia, and Mirae Asset Sekuritas. The sample consists of 39 banking companies selected through purposive sampling. The independent variables include non-performing loans, loan-to-deposit ratio, operational efficiency ratio, foreign flow, inflation, and interest rate. Data were analyzed using multiple linear regression.   Findings – The results show that non-performing loans, operational efficiency ratio, and inflation have significant effects on stock returns. In contrast, loan-to-deposit ratio, foreign flow, and interest rate do not have a significant effect on stock returns.   Originality/value – This study provides empirical evidence on how both internal banking performance indicators and macroeconomic factors differently influence stock returns during the COVID-19 crisis period in Indonesia.
Co-Authors Siti Aisjah