Impact Profitability, Liquidity, and Credit Risk to Market Capitalization Banking Sector on the Indonesia Stock Exchange
DOI:
https://doi.org/10.58857/JMDBE.2023.v01.i01.p01Keywords:
Profitability, liquidity, credit risk, market capitalizationAbstract
This study aims to test and analyze impact profitability, liquidity, and credit risk of the banking sub-sectors on market capitalization listed on the Indonesia Stock Exchange from 2009-2018. This research method used panel data regression analysis. The sampling method of this research used a purposive sampling technique. The F-test results showed that profitability, liquidity, and credit risk simultaneously had a significant effect on market capitalization with a significance value of 0.0%. The test results with the t-test show that only profitability has a significant positive impact on market capitalization with a significance level of 0.0%. In contrast, other variables, namely liquidity and credit risk, had an insignificant effect.
Downloads
References
Carlo, Michael Aldo. 2014. Pengaruh Return On Equity , Dividend Payout Ratio , Dan Price To Earnings Ratio Pada Return Saham. E-Jurnal Akuntansi, 7(1):150-164
Fahmi, Irham. 2017. Pengantar Pasar Modal. Ketiga. ed. Muhammad Insa Ansari. Banda Aceh: Alfabeta.
Fatihudin, Didin. 2017. Merencanakan Keuangan Untuk Investasi. Pertama. ed. Iis Holisin. Surabaya: UM Surabaya Publishing.
Fatihudin, Didin. 2019. Metode Penelitian untuk Ilmu Ekonomi, Manajemen, dan Akuntansi dari Teori ke Praktek. Sidoarjo; Zifatama Publisher.
Glanfrate, Glanfranco, and Francesco Gouigoux. 2015. Private Equity Investments in Banks. The Journal of Private Equity, 18, (4): 46-55
Hery. 2015. Analisis Laporan Keuangan. Yogyakarta: CAPS (Center for Academic Publishing Center).
Ibbotson, Roger G., Zhiwu Chen, Daniel Y.-J Kim, and Wendy Y. Hu. 2013. “Liquidity as an Investment Style.” Financial Analysts Journal. 69(3): 30-44, DOI: 10.2469/faj.v69.n3.4
Kasmir. 2013. Analisis Laporan Keuangan. Pertama. Jakarta: PT. Raja Grafindo Persada.
———. 2016. Analisa Laporan Keuangan. Jakarta: PT. RajaGrafindo Persada.
Lubis, Ignatius Leonardus, Bonar M Sinaga, and Hendro Sasongko. 2017. “Pengaruh Profitabilitas, Sruktur Modal, Dan Likuiditas Terhadap Nilai Perusahaan. Jurnal Aplikasi Bisnis dan Manajemen 3(3): 458–65.
Orlowski T., Lucjan. 2015. Capital Markets Integration and Economic Growth in the European Union. Journal of Policy Modelling, 42(4): 893-902. Doi: 10.1016/j.jpolmod.2020.03.012.
Sambul, Sandro. 2016. Pengaruh Kinerja Keuangan Perbankan Terhadap Harga Saham Yang Di Tawarkan Di Bursa Efek Indonesia (Studi Kasus 10 Bank Dengan Aset Terbesar). Jurnal Berkala Ilmiah Efisiensi 16(2): 407–17.
Siyamto, Yudi, and Yuwita Ariessa Pravasanti. 2019. Pengaruh Variabel Kapitalisasi Pasar Ditinjau Dari Segi Negara Kepulauan Asia Tenggara Terhadap Return Saham Perusahaan Yang Berada Pada Jakarta Islamic Indeks (Jii) Periode 2015-2017. Proceeding Seminar Nasional & Call For Papers Proceeding(September): 81–88.
Sufian, Fadzlan, and Muzafar Shah Habibullah. 2010. Assessing the Impact of Financial Crisis on Bank Performance: Empirical Evidence from Indonesia. ASEAN Economic Bulletin 27: 03. https://www.jstor.org/stable/25773881.
Yogaa, Ika, and Rais Sani Muharrami. 2016. Kointegrasi Antara Profitabilitas, Solvabilitas Dan Kapitalisasi Pasar Cointegration between Profitability, Solvability and Market Capitalization. JEL classifications 7: 23–30.
Yurttadur, Mustafa, Ender Celiktas, and Ebru Celiktas. 2019. The Place of Non-Performing Loans in the Turkish Banking Sector. Procedia Computer Science 158: 766–71. https://doi.org/10.1016/j.procs.2019.09.113.
