Pengaruh Debt To Equity Ratio Dan Non Performing Loan Terhadap Return Saham Emiten Bursa Efek Indonesia Subsektor Perbankan

Maman Sulaeman (Politeknik Triguna Tasikmalaya)
Hasan Fahmi Kusnandar (Politeknik Triguna Tasikmalaya Jl. Letjen Ibrahim Adjie No.7, Indihiang, Tasikmalaya, Jawa Barat 4615)
Gun Gun Gunawan (Politeknik Triguna Tasikmalaya Jl. Letjen Ibrahim Adjie No.7, Indihiang, Tasikmalaya, Jawa Barat 4615)
Meiyanti Widyaningrum (Universitas Nahdlatul Wathan Mataram Jl. Kaktus No.1-3, Gomong, Kec. Mataram, Kota Mataram, Nusa Tenggara Bar. 83126)
Sufia Widi Kasetyaningsih (STIMIK Duta Bangsa Surakarta Jl. Bhayangkara No.55, Tipes, Serengan, Kota Surakarta, Jawa Tengah 57154)

JURNAL ILMIAH MANAJEMEN & BISNIS
Vol 19, No 1 (2018): April - September

This study aims to determine the effect of debt to equity ratio (DER) and non performing loan (NPL) to stock returns of issuers of Indonesia Stock Exchange banking subsector. The method used in this research is descriptive quantitative. The population in this study as many as 43 issuers Indonesia Stock Exchange banking subsector but who qualified samples only 7 emiten. Technique of collecting data is done through secondary data that is financial report of emiten become sample. While to analyze the data obtained used path analysis. The results showed that DER and NPL have a very strong effect on stock return that is equal to 81,4%. Based on the path analysis of the effect of DER on ROA of 50.5% and the effect of NPL to ROA of 30.9%.