ANALISIS FAKTOR RISK-BASED BANK RATING (RBBR) DAN MAKROEKONOMI TERHADAP RETURN SAHAM BANK UMUM BUKU IV
Abstract
The capital accumulation consisting of all form investment is one of the main components of Indonesia's economic growth. The financial and banking sector plays an important role in the economy, especially because the financing system in Indonesia is more oriented towards a bank-based system in which the development of the financial system and the implementation of its activities are closely monitored by the OJK, so that investment in this sector becomes attractive. Investment decisions can be considered one way through an analysis of Risk-Based Bank Rating (RBBR) factors and macroeconomic factors. This study aims to analyze the influence of the RBBR factor which is proxied through NPL, LDR, CGPI, ROA, and CAR; as well as the macroeconomic factors of the BI 7-Day Reverse Repo Rate (BI7DRR) and the exchange rate on stock returns for BUKU IV Commercial Banks. Based on the research results obtained by applying the panel data analysis method, the variables NPL, LDR, BI7DRR, and exchange rates have a positive and significant effect, while CGPI has a negative and significant effect on banking stock returns. ROA and CAR variables do not have a significant effect on banking stock returns
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