Inisiatif: Jurnal Ekonomi, Akuntansi Dan Manajemen
Vol. 5 No. 4 (2026): (Oktober) Inisiatif: Jurnal Ekonomi, Akuntansi dan Manajemen

Pengaruh Kinerja Keuangan terhadap Harga Saham pada Sektor Perbankan yang Terdaftar di Bursa Efek Indonesia Tahun 2022–2025

Maria Magdalena Supirah (Universitas Ngudi Waluyo)
Fitri Dwi Jayanti (Universitas Ngudi Waluyo)



Article Info

Publish Date
02 Oct 2026

Abstract

This study aims to analyze the effect of financial performance on stock prices in the banking sector listed on the Indonesia Stock Exchange (IDX) for the 2022–2025 period. Financial performance in this study is measured using five main indicators: Return on Assets (ROA), Debt to Equity Ratio (DER), Non-Performing Loans (NPL), Loan to Deposit Ratio (LDR), and Current Ratio (CR). This study uses a quantitative method with an associative approach. The study population is all banking companies listed on the IDX. The sampling technique used is purposive sampling, resulting in 173 observations of financial statement data. The results showed that simultaneously, ROA, DER, NPL, LDR, and CR significantly influenced stock prices. Partially, ROA had a positive and significant effect, DER a positive and significant effect, and NPL a negative and significant effect on stock prices. Meanwhile, the LDR and CR variables did not significantly influence the stock prices of banking companies listed on the Indonesia Stock Exchange for the 2022–2025 period. This study implies that investors in the banking sector prioritize profitability and credit risk management over short-term liquidity in making investment decisions.

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Journal Info

Abbrev

Inisiatif

Publisher

Subject

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

Description

Kajian-kajian tersebut diharapkan dapat memperkaya khasanah keilmuan di bidang manajemen dan bisnis sehingga dapat menjadi salah satu referensi bagi para akademisi, pemangku kepentingan dan masyarakat luas. Manajemen SDM Keuangan Akutansi Ekonomi ...