Jurnal Riset Manajemen Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha Program Magister Manajemen
Vol. 13 No. 1 (2026): Jurnal Riset Manajemen

Pengaruh Rasio Keuangan terhadap Harga Saham pada PT Bank Rakyat Indonesia (Persero) Tbk Periode 2015–2024

Arika, I Gede (Unknown)
Widya Purnama Yasa, I Komang (Unknown)



Article Info

Publish Date
25 Jan 2026

Abstract

This study aims to analyze the influence of financial ratios on the stock price of PT Bank Rakyat Indonesia (Persero) Tbk for the period 2015–2024 using quarterly data. Fluctuations in banking stock prices amidst stable profit growth indicate the need for empirical studies on the financial indicators that most influence investor perceptions. This study uses Signaling Theory and Capital Structure Theory as the basis for analysis with independent variables ROA (Return on Assets), CAR (Capital Adequacy Ratio), DER (Debt to Equity Ratio), and EPS (Earnings per Share), and stock price as the dependent variable. Multiple linear regression using the t-test, F-test, and coefficient of determination using SPSS V.27 is the study methodology. According to these results, stock prices are significantly impacted by CAR, significantly impacted by EPS, and not significantly impacted by ROA or DER. Together, the four ratios have a significant impact with a contribution of 67,9% to stock price variations. These findings confirm that CAR is the dominant factor considered by investors in assessing banking stocks.

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Journal Info

Abbrev

jrm

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Jurnal Riset Manajemen (JRM) Topics covered include, but not strictly limited to:Focus & Scope Jurnal Riset Manajemen (JRM) Topics covered include, but not strictly limited to: 1. Business and management strategy 2. Marketing management 3. Operations management 4. Finance and investment management ...