JURNAL MANAJEMEN MOTIVASI
Vol 22 No 1 (2026): Jurnal Manajemen Motivasi

The Effect of Bank Performance On Stock Returns: The Indonesian Case

Kartini Potoe (Unknown)
Nofal, Mohammad (Unknown)
Fattah, Vitayanti (Unknown)
Iskandar, Rizkiani (Unknown)

Article Info

Publish Date
29 Jun 2026

Abstract

This study examines the effect of bank performance on stock returns of banking companies listed on the Indonesia Stock Exchange during 2021–2025. Using panel data from 35 banks selected through purposive sampling, the study employs a random-effects regression model. Bank performance is measured by Return on Assets (ROA), Return on Equity (ROE), Net Interest Margin (NIM), and Third-Party Funds (DPK). The results show that ROA has a significant negative effect on stock returns, while ROE has a significant positive effect. NIM and DPK have no significant effect. These findings imply that investors should prioritize ROE when evaluating banking stocks.

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Journal Info
JURNAL MANAJEMEN MOTIVASI
Website

Abbrev

jm_motivasi

Publisher

Universitas Muhammadiyah Pontianak

Subject

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

Description

Jurnal Manajemen Motivasi (JMM) adalah Jurnal Ilmiah Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Pontianak yang diterbitkan secara berkala 2 (dua) kali dalam satu tahun (Juni dan Oktober) sebagai sarana untuk menyebarluaskan hasil penelitian dan ilmu pengetahuan di bidang ilmu manajemen ...