i ABSTRAK
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI RETURN SAHAM PADA PERUSAHAAN PERBANKAN YANG
TERDAFTAR DI BURSA EFEK INDONESIA
Penelitian ini bertujuan untuk menguji pengaruh Capital Adequacy Ratio
(CAR), Non Performing Loan (NPL), Net Profit Margin (NPM), Net Interest Margin (NIM) dan Loan to Deposit Ratio (LDR) terhadap Return Saham pada perusahaan perbankan yang terdaftar di Bursa Efek Indonesia periode 2012-2014. Populasi dalam penelitian ini berjumlah 42 bank dan diperoleh sampel sebanyak 29 bank. Data diperoleh melalui website Bursa Efek Indonesia yaitu merupakan gabungan antara time series dengan cross section. Teknik analisis data menggunakan analisis regresi berganda data panel (random effect model). Dengan menggunakan alat analisis Eviews 7. Hasil penelitian ini secara parsial menunjukkan bahwa Capital Adequacy Ratio (CAR) dan Net Profit Margin
(NPM) berpengaruh positif dan signifikan terhadap Return Saham. Non Performing Loan (NPL),Net Interest Margin (NIM) dan Loan to Deposit Ratio
(LDR) berpengaruh positif tidak signifikan terhadap Return Saham.
Kata Kunci: Capital Adequacy Ratio (CAR), Non Performing Loan (NPL), Net Profit Margin (NPM), Net Interest Margin (NIM), Loan to Deposit Ratio (LDR) dan Return Saham.
ii ABSTRACT
ANALYSIS OF FACTORS AFFECTING STOCK RETURN ON BANKING INDUSTRY LISTED IN INDONESIA STOCK EXCHANGE
The purpose of this research is to analyze the effect of Capital Adequacy Ratio (CAR), Non Performing Loan (NPL), Net Profit Margin (NPM), Net Interest Margin (NIM) dan Loan to Deposit Ratio (LDR) to Stock Return on banking industry listed in Indonesia Stock Exchange. The population in this study amounted 42 banks and obtained a sampel of 29 banks. Data obtained through the website of Indonesia Stock Exchange is www.idx.co.id and data in this study using panel data which is a combination of time series with cross section. Data were analyzed using panel data regression analysis (random effects model). By using analytical tools Eviews 7. Results of this study showed that partially Capital Adequacy Ratio (CAR) and the Net Profit Margin (NPM) positive and significant impact on Stock Return. Non Performing Loan (NPL), Net Interest Margin (NIM) and the Loan to Deposit Ratio (LDR) is not significant positive effect on Stock Return
Kata Kunci: Capital Adequacy Ratio (CAR), Non Performing Loan (NPL), Net Profit Margin (NPM), Net Interest Margin (NIM), Loan to Deposit Ratio (LDR) dan Stock Return
