ANALISIS PENGARUH NPL, LDR, CAR, NIM, BOPO DAN SIZE TERHADAP NILAI SAHAM PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2015-2019

Himawan, Reza (2021) ANALISIS PENGARUH NPL, LDR, CAR, NIM, BOPO DAN SIZE TERHADAP NILAI SAHAM PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2015-2019. Skripsi thesis, Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta.

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Abstract

ABSTRAK Penelitian ini bertujuan untuk mengetahi pengaruh non performing loan (NPL), loan to deposit ratio (LDR), capital adequacy ratio (CAR), net interest margin (NIM), biaya operasional dan pendapatan operasional (BOPO) dan ukuran perusahaan (SIZE) terhadap nilai saham yang di ukur dengan price to book value (PBV) pada perusahaan perbankan yang terdaftar di Bursa Efek Indonesia periode 2015 - 2019. Metoda analisis yang dilakukan dalam penelitian ini adalah menggunakan metoda analisis regresi data panel dengan tiga pendekatan yaitu, CEM, FEM, REM dengan spesifikasi model uji Chow dan uji Hausman dan terakhir uji asumsi klasik dengan menggunakan aplikasi Eviews 10.0. Hasil dari penelitian ini menyatakan bahwa loan to deposit ratio berpengaruh secara negatif terhadap nilai saham pada perusahaan perbankan yang terdaftar di BEI, BOPO berpengaruh secara positif terhadap nilai saham perusahaan perbankan yang terdaftar di BEI, sedangkan NPL tidak berpengaruh terhadap nilai saham perusahaan perbankan yang terdaftar di BEI , CAR tidak berpengaruh terhadap nilai saham perusahaan perbankan yang terdaftar di BEI , NIM tidak berpengaruh terhadap nilai saham perusahaan perbankan yang terdaftar di BEI dan SIZE tidak berpengaruh terhadap nilai saham perusahaan perbankan yang terdaftar di BEI. Kesimpulan dari penelitian ini adalah pada rasio NPL investor memandang dalam perusahaan bersekala besar resiko kredit dapat diselasaikan oleh perusahaan, pada rasio LDR investor menganggap semakin tingginya rasio likuiditas maka akan berpengaruh terhadap nilai saham perusahaan tersebut, CAR harus diimbangi dengan investasi dalam perusahaan, NIM investor menganggap masih banyak bunga yang belum optimal dalam perusahan sehingga tidak berdampak terhadap nilai saham perusahaan, BOPO dianggap berdampak terhadap nilai saham perusahaan dikarenakan adanya beban yang dapat meningkatkan presepsi investor terhadap nilai saham, SIZE investor melihat total asset yg dimana besarnya perusahaan akan menambah pengeluaran perusahaan sehingga tidak berdampak terhadap nilai saham perusahaan. ABSTRACT This study aims to determine the effect of non-performing loans (NPL), loan to deposit ratio (LDR), capital adequacy ratio (CAR), net interest margin (NIM), operating costs and operating income (BOPO) and company size (SIZE) on the value of share as measured by price to book value in banking companies listed on the Indonesia stock exchange period 2015 – 2019. The method analysis carried out in this study is using the panel data regression method with three approaches, namely, CEM, FEM, REM with the Chow and Hausman test model specifications and finally the classical assumption test using the Eviews 10.0 application. The results of this study indicate that the loan to deposit ratio has a negative effect to the stock value of share banking companies listed on the Indonesian stock exchange , BOPO has a positive effect on the stock value to the stock value of share banking companies listed on the Indonesian stock exchange , while NPL has no effect on the stock value a company, CAR has no effect to the stock value of share banking companies listed on the Indonesian stock exchange , NIM has no effect to the stock value of share banking companies and SIZE has no effect to the stock value of share banking companies listed on the Indonesian stock exchange . The conclusion of this study is that in the NPL ratio, investors perceive that in large-scale companies credit risk can be resolved by the company, at the LDR ratio, investors assume that the higher the liquidity ratio will affect the value of the company's shares, CAR must be balanced with investment in the company, NIM investors assume there is still a lot of interest that is not optimal in the company so that it does not have an impact on the value of the company's shares, BOPO is considered to have an impact on the value of the company's shares due to the burden that can increase investors perceptions of the value of shares, SIZE investors see the total assets where the size of the company will increase the company's expenses so it does not impact on the value of the company's shares.

Item Type: Thesis (Skripsi)
Contributors:
ContributionContributorsNIDNEmail
Thesis advisorSURIAWINATA, IMAN SOFIAN0312056201iman.suriawinata@stei.ac.id
Subjects: Manajemen > Manajemen Keuangan
Divisions: S1 Manajemen
Depositing User: Mr REZA HIMAWAN
Date Deposited: 29 Oct 2021 11:18
Last Modified: 29 Oct 2021 11:18
URI: http://repository.stei.ac.id/id/eprint/5698

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