Analysis of the Effects of Profitability Ratio and Macroeconomic Variables on the Stock Prices of Banking Companies Listed on the Indonesia Stock Exchange for the 2016-2023 Period

Pratama, Alfito Dias
Indraswari, Citra

Contemporary Studies in Economic, Finance and Banking (CSEFB)
Vol. 4 No. 3 (2025)

This study aims to analyze the effects of profitability variables and macroeconomic variables on stock prices in banking sector companies listed on the Indonesia Stock Exchange for the period 2016-2023. The data used is secondary data with the panel data regression analysis method. The results indicate that ROA has a positive impact on stock prices, NIM has a positive impact on stock prices, inflation has a negative impact on stock prices, and interest rates have a negative impact on stock prices in banking sector companies. While ROE has no effect on stock prices in banking sub-sector companies.