PENGARUH LOAN TO DEPOSIT RATIO DAN NON PERFORMING LOAN TERHADAP HARGA SAHAM DAN RETURN ON ASSET SEBAGAI VARIABEL INTERVENING PADA BANK PEMBANGUNAN DAERAH YANG LISTING DI BURSA EFEK INDONESIA PERIODE 2016-2020

Hanjas Sianturi, Hanjas Sianturi (2022) PENGARUH LOAN TO DEPOSIT RATIO DAN NON PERFORMING LOAN TERHADAP HARGA SAHAM DAN RETURN ON ASSET SEBAGAI VARIABEL INTERVENING PADA BANK PEMBANGUNAN DAERAH YANG LISTING DI BURSA EFEK INDONESIA PERIODE 2016-2020. skripsi thesis, Universitas batanghri.

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Abstract

ABSTRACT HANJAS SIANTURI / 1800861201249 / MANAGEMENT / 2022 / THE EFFECT OF LOAN TO DEPOSIT RATIO AND NON-PERFORMING LOAN ON STOCK PRICES AND RETURN ON ASSETS AS AN INTERVENING VARIABLE AT REGIONAL DEVELOPMENT BANKS LISTED ON THE INDONESIAN STOCK EXCHANGE FOR THE PERIOD 2016 – 2020 / FIRST ADVISOR R. Adisetiawan, SE, MM / SECOND ADVISOR Hana Tamara Putri, SE,MM This study aims to determine the effect of Loan To Deposit Ratio (LDR) and Non Performing Loan (NPL) on Return On Assets (ROA). Stock Price, Loan To Deposit Ratio (LDR) and Non Performing Loan (NPL) to Stock Price with Return On Assets (ROA) as the intervening variable. The type of data used in this study is quantitative secondary data regarding the annual financial statements and closing stock price (Clossing Price). The data in this study can be obtained from the financial statements of companies on the Indonesia Stock Exchange which are included in the Regional Development Bank Sub-Sector for the 2016-2020 period. The results of this study indicate that: LDR has no significant effect on Stock Prices, NPL has no significant effect on Stock Prices, LDR has no significant effect on ROA, NPL has no significant effect on ROA, ROA has a positive and significant effect on Stock Prices. Based on the results of the study, it can be concluded that LDR and NPL simultaneously have a significant effect on Stock Prices. LDR has a direct effect on Stock Prices, the magnitude of the effect is 0.50% and the indirect effect is 0.63% with a total effect of -0.13%. NPL has an indirect effect on Stock Prices, the magnitude of the effect is -0.13% and the direct effect is 75.69% with a total effect of 75.06%. LDR and NPL simultaneously have a significant effect on ROA. LDR has a direct effect on ROA, the magnitude of the effect is 34.57% and the indirect effect is -3.03% with a total effect of 31.54%. NPL has a direct effect on ROA, the magnitude of the effect is 25.00% and the indirect effect is -3.03% with a total effect of 21.97%. ROA has a significant effect on stock prices with a large effect of 30.80%. LDR and NPL through ROA on Stock Prices have an effect of 134.03%. v

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