Analisis Pengaruh ROA dan NPL terhadap Harga Saham Perusahaan Perbankan Konvensional yang Terdaftar di BEI Periode 2021-2025
DOI:
https://doi.org/10.61722/jaem.v3i3.11508Keywords:
Conventional Banks; Indonesia Stock Exchange; Non-Performing Loan; Return on Assets; Stock PricesAbstract
Stock prices are one of the indicators used to evaluate a company’s performance. In the banking sector, factors influencing stock prices include profitability and credit risk, as reflected in Return on Assets (ROA) and Non-Performing Loan (NPL). This study aims to examine the impact of ROA and NPL on stock prices of conventional banking companies listed on Indonesia Stock Exchange between 2021 and 2025. This study employs a quantitative appROAch combining verified and descriptive methods. Purposive sampling was used to determine the research sample, resulting in 30 data observations. Secondary data from the companies’ annual financial reports and stock price data were used. Multiple linear regression using SPSS was employed to analyze the data. At a significance level of 0.000, the results indicate that ROA has a significant and positive effect on stock prices. At a significance level of 0.045, NPL also has a significant and positive effect on stock prices. Simultaneously, ROA and NPL have a significant effect on stock prices, with a calculated F-value of 45.424 and a coefficient of determination (R2) of 0.771. The results of this study indicate that profitability and credit risk are important factors that investors should consider when evaluating stocks in the banking sector.
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