The Influence of Net Interest Margin, Non-Performing Loans, and Capital Adequacy Ratio on the Stock Prices of KBMI 4 Banks
DOI:
https://doi.org/10.38035/dijefa.v5i3.2781Keywords:
Net interest margin, non-performing loans, capital adequacy ratio, banking stock pricesAbstract
This study aims to examine the influence of net interest margin, non-performing loans, and capital adequacy ratio on the stock prices of banks classified as KBMI 4, which are listed on the Indonesia Stock Exchange (IDX) for the period from 2014 to 2021. The research employs a purposive sampling method, resulting in a sample of four banking companies. Multiple linear regression analysis is utilized to analyze the data, with the assistance of the Eviews 12 software. The findings indicate that the capital adequacy ratio positively affects banking stock prices, whereas the net interest margin negatively impacts them. Conversely, non-performing loans do not exhibit a significant effect on the stock prices of these banks.
References
Aini, N. (2013). Pengaruh CAR, NIM, LDR, NPL, BOPO, dan Kualitas Aktiva Produktif terhadap Perubahan Laba (Studi Empiris Pada Perusahaan Perbankan yang terdaftar di BEI) Tahun 2009–2011. Dinamika Akuntansi Keuangan Dan Perbankan, 2(1), 14–25. https://www.unisbank.ac.id/ojs/index.php/fe9/article/view/2104
Alfretdo, E., & Nasution, F. (2021). Analisis Pengaruh Kinerja Perbankan terhadap Harga Saham (Studi Empiris pada Industri Perbankan yang Terdaftar Dibursa Efek Indonesia pada Tahun 2012 – 2015). Jurnal Akuntansi Dan Perpajakan Jayakarta, 2(2), 124–145. https://doi.org/10.53825/japjayakarta.v2i2.75
Brastama, R. F., & Yadnya, I. P. (2020). The Effect of Capital Adequacy Ratio and Non Performing Loan on Banking Stock Prices with Profitability as Intervening Variable. American Journal of Humanities and Social Sciences Research (AJHSSR), 4(12), 43–49.
Damanik, K. I., & Sasongko, G. (2010). Pengantar Ilmu Ekonomi: Mikro Ekonomi. UKDW.
Darma, D. C., Pusriadi, T., & Hakim, Y. P. (2018). Dampak Kenaikan Harga Komoditas Sembako Terhadap Tingkat Inflasi Di Indonesia. Seminar Nasional Dan Call for Paper: Manajemen, Akuntansi Dan Perbankkan, 1048–1074.
Endri, E. (2020). Long-Term Analysis Banking Share Price: Application of Data Panel Regression Model. SSRN Electronic Journal, 101–113. https://doi.org/10.2139/ssrn.3670225
Gunadi, I. G. N. B., Putra, I. G. C., & Yuliastuti, I. A. N. (2020). The Effects of Profitabilitas and Activity Ratio Toward Firms Value With Stock Price as Intervening Variables. International Journal of Accounting & Finance in Asia Pasific, 3(1), 56–65. https://doi.org/10.32535/ijafap.v3i1.736
Harahap, D. A., & Hairunnisah, A. I. (2017). The Effect of NPL, LDR, GCG , NIM , ROA , ROE , CAR ,BOPO Towards The Stock Price in Banking Companies Listed in Indonesian Stock Exchange of The Year 2010-2014. JURNAL DIMENSI, 6(1). https://doi.org/10.33373/dms.v6i1.522
Hardani, H., Auliya, N. H., Andriani, H., Fardani, R. A., Ustiawaty, J., Utami, E. F., Sukmana, D. J., & Istiqomah, R. R. (2020). Metode Penelitian Kualitatif & Kuantitatif. Penerbit Pustaka Ilmu.
Hasibuan, T. F., Erlina, & Zainal, A. (2021). The Influence of Capital Adequacy Ratio, Loan to Deposit Ratio, Non Performing Loan, Net Interest Margin, and Operational Effeciency Ratio On Share Price with Return on Assets As an Intervening Variables in Banking Company Listed on The IDX. International Journal Public Budgeting, Accounting and Finance, 4(1), 1–27.
Indiani, N. P. L., & Dewi, S. Kt. S. (2016). Pengaruh Variabel Tingkat Kesehatan Bank Terhadap Harga Saham Perbankan Di Bursa Efek Indonesia. E-Jurnal Manajemen Unud.
Karasek III, R., & Bryant, P. (2012). Signaling Theory: Past, Present, and Future. Academy of Strategic Management Journal, 11(1), 91.
Puspitaningtyas, Z. (2019). Empirical Evidence of Market Reactions Based on Signaling Theory in Indonesia Stock Exchange. Investment Management and Financial Innovations, 16(2), 66–77.
Rudianto, D., & Dewangga, A. H. (2021). Risiko Keuangan Pengaruhnya terhadap Tingkat Profitabilitas pada Perusahaan Asuransi Umum di BEI. Jurnal SIKAP (Sistem Informasi, Keuangan, Auditing Dan Perpajakan), 6(1), 64–85. https://doi.org/10.32897/jsikap.v6i1.1031
Sari, Y. Y., Zulbahri, L., & Yanti, B. (2018). Pengaruh Kinerja Keuangan terhadap Harga Saham (Studi pada Sub Sektor Perbankan BUMN di Bursa Efek Indonesia Tahun 2012-2016). JMK: Manajemen Dan Kewirausahaan, 9(1), 27–46. https://ojs.unitas-pdg.ac.id/index.php/manajemen/article/view/249
Shaliha, A. F., & Prastiwi, A. (2023). Analisis Pengaruh Loan Loss Provision dan Current Account Saving Account terhadap Harga Saham yang Dimoderasi Oleh Risiko. REAKSI: Reviu Akuntansi, Keuangan, Dan Sistem Informasi, 2(3), 639–653. https://reaksi.ub.ac.id/index.php/reaksi/article/view/172
Sucipto, E., & Sudiyatno, B. (2018). ofitabilitas, Kebijakan Dividen, dan Kebijakan Hutang Terhadap Nilai Perusahaan pada Perusahaan Manufaktur yang Listed di Bursa Efek Indonesia. Dinamika Akuntansi Keuangan Dan Perbankan, 7(2), 163–172. https://www.unisbank.ac.id/ojs/index.php/fe9/article/view/7455
Sudarmawanti, E., & Pramono, J. (2017). Pengaruh CAR, NPL, BOPO, NIM DAN LDR terhadap ROA (Studi kasus pada Bank Perkreditan Rakyat di Salatiga yang terdaftar di Otoritas Jasa Keuangan Tahun 2011-2015). Among Makarti, 10(1), 1–18. https://doi.org/10.52353/ama.v10i1.143
Syahza, A. (2021). Metodologi Penelitian. UR Press Pekanbaru.
Trihatmoko, H., Ridarmelli, R., & Saputra, K. A. (2024). The Influence of Net Interest Margin, Non Performing Loan, Capital Adequacy Ratio and Operational Efficiency Ratio on Bank Kbmi Stock Price 4. The 11th Konferensi Ilmiah Akuntansi (KIA) and The 1st International Conference, 11. https://ejournal.atmajaya.ac.id/index.php/KIAXI/article/view/5358
Widyatmoko, Y., & Risman, A. (2024). The Moderating Role of Foreign Ownership on the Influence of Digital Finance, Capital Adequacy, Efficiency and Asset Quality on Profitability (Study at KBMI 3 & 4 Commercial Banks on the IDX 2015-2022). International Journal of Innovative Science and Rese, 9 (2), 315–322.
Zulaecha, H. E., & Mulvitasari, A. (2019). Pengaruh Likuiditas, Leverage, dan Sales Growth terhadap Financial Distress. JMB: Jurnal Manajemen Dan Bisnis, 8(1), 16–23.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Huda Trihatmoko, Ridarmelli Ridarmelli, Kevin Arya Saputra
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish their manuscripts in this journal agree to the following conditions:
- The copyright on each article belongs to the author(s).
- The author acknowledges that the Dinasti International Journal of Economics, Finance & Accounting (DIJEFA) has the right to be the first to publish with a Creative Commons Attribution 4.0 International license (Attribution 4.0 International (CC BY 4.0).
- Authors can submit articles separately, arrange for the non-exclusive distribution of manuscripts that have been published in this journal into other versions (e.g., sent to the author's institutional repository, publication into books, etc.), by acknowledging that the manuscript has been published for the first time in the Dinasti International Journal of Economics, Finance & Accounting (DIJEFA).
