PENGARUH NON PERFORMING LOAN DAN CAPITAL ADEQUACY RATIO TERHADAP HARGA SAHAM MELALUI NET INTEREST MARGIN SEBAGAI VARIABEL INTERVENING PADA BANK USAHA MILIK DAERAH DI BURSA EFEK INDONESIA PERIODE 2017-2021

Ferli Irwansyah, 1800861201058 (2023) PENGARUH NON PERFORMING LOAN DAN CAPITAL ADEQUACY RATIO TERHADAP HARGA SAHAM MELALUI NET INTEREST MARGIN SEBAGAI VARIABEL INTERVENING PADA BANK USAHA MILIK DAERAH DI BURSA EFEK INDONESIA PERIODE 2017-2021. skripsi thesis, Universitas Batanghari Jambi.

Text (PENGARUH NON PERFORMING LOAN DAN CAPITAL ADEQUACY RATIO TERHADAP HARGA SAHAM MELALUI NET INTEREST MARGIN SEBAGAI VARIABEL INTERVENING PADA BANK USAHA MILIK DAERAH DI BURSA EFEK INDONESIA PERIODE 2017-2021) Ferli Irwansyah 1800861201058.pdf - Published Version Download (1MB)

Abstract

ABSTRACT FERLI IRWANSYAH/ 1800861201058 / MANAGEMENT / 2023 / THE EFFECT OF NON-PERFORMING LOANS AND CAPITAL ADEQUACY RATIO ON STOCK PRICES THROUGH NET INTEREST MARGINS AS INTERVENING VARIABLES AT REGIONALLY OWNED BUSINESS BANKS ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2017-2021 / FIRST ADVISOR R. ADISETIAWAN, SE, MM / SECOND ADVISOR ALBETRIS, SE, MM This study aims to determine the effect of Non Performing Loans (NPL) and Capital Adequacy Ratio (CAR) on Stock Prices through Net Interest Margin (NIM) as intervention variables in businesses owned by regional banks. 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 2017-2021 period. The results of this study indicate that: NPL has a negative effect on stock prices, CAR has no effect on stock prices, NPL has a negative effect on NIM, CAR has no significant effect on NIM, NIM has a positive and significant effect on stock prices.. Based on the research results, it can be concluded that NPL and CAR simultaneously have a significant effect on stock prices. NPL has a direct effect on stock prices, the magnitude of the influence is 74.13% and the indirect effect is 14.6% with a total influence of 88.73%. CAR has an indirect effect on stock prices, the magnitude of the influence is 0.015% and the direct effect is 0.078% with a total influence of 0.094%. NPL and CAR simultaneously have no significant effect on NIM. NPL has a direct effect on NIM, the magnitude of the influence is 30.47% and the indirect effect is 25.23% with a total effect of 55.70%. CAR has a direct effect on NIM, the magnitude of the influence is 0.16% and the indirect effect is 0.132% with a total effect of 0.3%. NIM has a significant effect on stock prices with a large influence of 55.95%. NPL and CAR through NIM on share prices have an influence of 34.91%.

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