Ayudia Davina Savita Putri
Universitas Mataram

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Pengaruh Mikro dan Makro Ekonomi Terhadap Return Saham Perusahaan Perbankan Periode 2019-2021 Ayudia Davina Savita Putri; Bambang; Robith Hudaya
JRAK (Jurnal Riset Akuntansi dan Bisnis) Vol 9 No 2 (2023): JRAK Jurnal Riset Akuntansi dan Bisnis Juli 2023
Publisher : LPPM POLITEKNIK LP3I BANDUNG

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38204/jrak.v9i2.1287

Abstract

This research is an associative research using a quantitative approach aims to analyze the impact of Price to Book Value (PBV), Market Capitalization, Exchange Rate, and Inflation against Stocks Return of banking companies listed on the Indonesia Stock Exchange (IDX) throughout 2019-2021 period. The samples used in this study were 37 banking companies. Sampling using technique purposive sampling. The data used in this study is secondary data originating from the official websites of the Indonesia Stock Exchange, Yahoo Finance and Bank Indonesia. The analytical method used is panel data regression analysis to see the effect of the independent variables on the dependent variable both individually and simultaneously. The data is tested using software eviews 10. Partial testing with the t test shows that the variable Price to Book Value (PBV) has a positive and significant effect on Stocks Return. However,Market Capitalization, Exchange Rates, and Inflation have no effect on Stocks Return. The result of the F test shows that the variable Price to Book Value (PBV), Market Capitalization, Exchange Rates, and Inflation simultaneously have an effect on Stocks Return. Adjusted R-Squared of 0.463782 which indicates that the variable Price to Book Value (PBV), Market Capitalization, Exchange Rates, and Inflation affect Stocks Return up to 46.37% while the remaining 53.63% is influenced by other factors outside of this study.