Analisis pengaruh rasio profitabilitas dan ukuran perusahaan terhadap return saham perbankan setelah penerapan pbi no.14/26/pbi/2012

Fardiansyah, Tino (2016) Analisis pengaruh rasio profitabilitas dan ukuran perusahaan terhadap return saham perbankan setelah penerapan pbi no.14/26/pbi/2012. Masters thesis, Institut Pertanian Bogor.

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Abstract

To encourage the banking company to increasetheir capital equity, In year 2012, Bank Indonesia as the regulator of Indonesian Bankingregulatorreleasing the regulation PBI No. 14/26/PBI/2012 where the regulation classifying Banks based on the company size and also regulate the type of services that company allowed to provide based on the size of the company. The company classification made in 4 groups or BUKU which the abbreviation of Bank Umum berdasarkan Kegiatan Usaha. Many of banking company listed in the Indonesia Stock Exchange. In stock market, one of the measurement parameter to the company performanceis the stock returns. There are many opinion that the stock return are affected by the profitability ratio and the size of the company. In PBI no. 14/26/PBI/2012, the banking companies are classified based on the size of the company’s core capital.Thus, we consider that the regulation seems tosupportthe size effect opinion. The purpose of the research are to analyze the effect of the enforcement of the PBI No. 14/26/PBI/2012 to the effect of profitability ratio and company size to the stock return. We use The Data Panel Regression method to analyze the data. This research are using data from year 2009 to year 2014. The object are all Banking company listed on Indonesia Stock Exchange in year 2009 to 2014. Based on the findings result, we conclude that the ROA and ROE have a significant influence on the stock return. In the period prior to the implementation of PBI, the NPM ratio arenot showing a significant relationship to the stock returns except in the BUKU 4 group. The size effect are shown by the difference models of each group.BUKU 4 group shows the difference constants compared to other groups. In BUKU 2 and BUKU 3 groups, the size effect are shown by the differences in ROA, ROE and durations period of the company in stock market. The result show significant impact of regulation no. 14/26 / PBI / 2012. This is evidenced by the NPM which become significant in all groups and changes in the value of the coefficient NPM of BUKU 4 groups. It is also shown by the constant differences in BUKU 2 which showing the advantage of this group due to the size effect.

Item Type: Thesis (Masters)
Additional Information: 8(E49)Far a
Uncontrolled Keywords: NPM, rasio profitabilitas, return saham, ROA, ROE, ukuran perusahaan. NPM, profitability ratio, size effect, stock return, ROA, ROE.
Subjects: Manajemen Keuangan
Depositing User: SB-IPB Library
Date Deposited: 25 Jan 2017 03:40
Last Modified: 22 Oct 2019 04:55
URI: http://repository.sb.ipb.ac.id/id/eprint/2787

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