Indonesia Accounting Research Journal
Vol. 9 No. 3 (2022): Maret: Auditing, Finance, Accounting, Management

Analysis of the effect of financial ratios on banking stock prices

Dita Anggraini (Asian Institute of Banking and Informatics Finance, Perbanas Institute, Indonesia)



Article Info

Publish Date
30 Mar 2022

Abstract

This study used bank samples, namely Bank Mandiri, Bank Rakyat Indonesia, Bank Negara Indonesia, and Bank Central Asia. By using purposive sampling method. The analytical method used is the independent sample t test using eviews version 8.0. The results of the analysis show that during the 2008-2012 observation period, CAR has an effect on stock prices because the probability value is 0.0066 < the significance level is 0.05. NPL has no effect on stock prices because the probability value is 0.8733 > the significance level is 0.05. ROE affects stock prices because the probability value is 0.0104. < from the significance level of 0.05. GWM has no effect on stock prices because the probability value is 0.3984> from the significance level of 0.05. LDR has no effect on stock prices because the probability value is 0.0988 > the significance level is 0.05. EPS affects stock prices because the probability value is 0.0000 < the significance level is 0.05. PER also affects stock prices because the probability value is 0.0000 < the significance level is 0.05. The f test shows that the CAR, NPL, ROE, GWM, LDR, PER, and EPS variables jointly affect the stock prices of banking companies in the BUKU 4 category found in the LQ-45 Index for the 2008-2012 period. Proven value of probability (F-statistic) is 0.000000. Using an alpha of 0.05 shows that the probability (F-statistic) is smaller than 0.05 (5 percent).

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Journal Info

Abbrev

Accounting

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

The Indonesia Accounting Research Journal (IACRJ) embraces a range of methodological approaches in identifying and solving significant prioritised accounting issues. Submissions are encouraged across all areas on accounting, finance and cognate disciplines. It is strongly recommended that authors ...