ANALISIS PENGARUH FAKTOR RISK-BASED BANK RATING (RBBR) DAN FAKTOR MAKROEKONOMI TERHADAP RETURN SAHAM BANK UMUM BUKU IV
DOI:
https://doi.org/10.25170/jrema.v2i1.4943Abstract
Akumulasi modal yang terdiri atas segala bentuk investasi menjadi salah satu komponen utama dalam pertumbuhan ekonomi Indonesia. Sektor keuangan dan perbankan memegang peran penting dalam perekonomian, khususnya karena sistem pembiayaan di Indonesia lebih mengarah pada bank-based system yang dalam pengembangan sistem keuangan dan pelaksanaan aktivitasnya diawasi secara ketat oleh OJK, sehingga investasi dalam sektor ini menjadi menarik. Keputusan investasi dapat dipertimbangkan salah satunya melalui analisis terhadap faktor Risk-Based Bank Rating (RBBR) dan faktor makroekonomi. Penelitian ini bertujuan untuk menganalisis pengaruh dari faktor RBBR yang diproksikan melalui NPL, LDR, CGPI, ROA, dan CAR; serta faktor makroekonomi BI 7-Day Reverse Repo Rate (BI7DRR) dan Kurs terhadap return saham Bank Umum BUKU IV. Berdasarkan hasil penelitian yang diperoleh dengan mengaplikasikan metode analisis data panel, variabel NPL, LDR, BI7DRR, dan Kurs berpengaruh positif dan signifikan, sedangkan CGPI berpengaruh negative dan signifikan terhadap return saham perbankan. Variabel ROA dan CAR tidak memiliki pengaruh yang signifikan terhadap return saham perbankan.
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