Pengaruh Capital Adequacy Ratio, Loan to Deposit Ratio, Non- Performing Loan dan Return on Asset, Terhadap Return Saham Perbankan Konvensional di BEI Periode 2022-2025

Gloria Fatima Freitas Rodrigues; Farida Farida; Nana Trisnawati; Maya Syafriana Effendi

Gloria Fatima Freitas Rodrigues Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Persada Indonesia Y.A.I, Jakarta
Farida Farida Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Persada Indonesia Y.A.I, Jakarta
Nana Trisnawati Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Persada Indonesia Y.A.I, Jakarta
Maya Syafriana Effendi Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Persada Indonesia Y.A.I, Jakarta

Keywords: Capital Adequacy Ratio, Loan to Deposit Ratio, Non-Performing Loan, Return On Asset, Stock Return

Abstract

This study aims to examine and analyze the effect of Capital Adequacy Ratio (CAR), Loan to
Deposit Ratio (LDR), Non-Performing Loan (NPL), and Return On Asset (ROA) on stock returns
of conventional banking companies listed on the Indonesia Stock Exchange (IDX) during 2022–
2025. The study employs a quantitative approach using secondary data from annual financial
reports and annual closing stock prices. The population consists of 47 conventional commercial
banks listed on the IDX, while 40 banks were selected using purposive sampling, resulting in 160
observations. Panel data regression was performed using EViews 12. The results indicate that
CAR and ROA have a significant effect on stock returns, whereas LDR and NPL have no
significant effect. Simultaaneously, CAR, LDR, NPL, and ROA significantly affect stock returns.
The selected model is the Common Effect Model, with an Adjusted R-squared of 14.11%,
indicating that 85.89% of the variation in stock returns is explained by factors outside the model.

Downloads

Download data is not yet available.