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

Pengaruh Kinerja Keuangan terhadap Nilai Perusahaan Sektor Perbankan BUMN di Bursa Efek Indonesia

Indah Asti Yulianti (Universitas Indonesia Membangun)
Deni Hamdani (Universitas Indonesia Membangun)



Article Info

Publish Date
02 Oct 2026

Abstract

This study aims to determine the extent of the influence of internal financial conditions on stock prices in four State-Owned Enterprise (BUMN) banking companies listed on the Indonesia Stock Exchange (IDX). The four companies include PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Negara Indonesia (Persero) Tbk, PT Bank Tabungan Negara (Persero) Tbk, and PT Bank Mandiri (Persero) Tbk. The data used in this study were collected from quarterly financial reports, namely Quarters I, II, and III, covering the period from 2023 to 2025. The financial performance of each bank is measured using four main indicators, namely the Current Ratio (CR) which reflects liquidity, the Debt to Equity Ratio (DER) which reflects capital structure, Return on Assets (ROA) which reflects profitability, and Earnings Per Share (EPS) which reflects earnings per share. This study employs a saturated or census sampling technique, in which the entire research population—the four BUMN banking companies—is used as the research unit in its entirety, without partial sampling. Through the analysis of these four internal financial variables, the study is expected to provide insight into the relationship between a company's internal financial condition and its stock price movement in the capital market.

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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 ...