Analisis Variabel Spesifik Bank Terhadap Price Earning Ratio, Stock Return dan Bank Performance

Abstract

The situation after the entry of covid-19 into Indonesia in early Q2 2020 reduced people's purchasing power and resulted in a decrease in the number of bank lending. The decrease in people's income due to restrictions imposed by the government has increased the ratio of bad loans. The spread which is the mainstay of the bank's income must be increased to ensure the health of the bank. This study aims to determine the extent of the influence of bank-specific variables covering liquidity, debt ratios and credit risk on the price earnings ratio which is an indicator of investor perceptions of banking companies by using mediating variables, namely stock returns and bank performance. In this study, the research population is 81 sub-sector companies listed on the LQ45 index on the Indonesia Stock Exchange for the 2017-2020 period, a number of seven banking companies and using purposive sampling technique using sampling criteria, obtained five companies (BBCA, BBNI, BBRI, BBTN and BMRI). The data used is secondary data obtained from the IDX, OJK and TICMI sites with multiple regression analysis techniques using panel data with a time series of four years semiannually. It is recommended for further researchers to add bank-specific variables such as CAMELS (capital, asset quality, management, earnings, liquidity, sensitivity to market risk).