Jul 2026· Golden Ratio of Data in Summary· Vol 6, pp. 843-866· 1 citation· 62 references
Abstract
This causal study examines the effects of the Capital Adequacy Ratio (CAR), Nonperforming Loan ratio (NPL), Return on Assets (ROA), and Loan-to-Deposit Ratio (LDR) on the stock prices of banking companies listed on the Indonesia Stock Exchange from 2018 to 2022. The sample comprises 200 firm-year financial statements from 40 companies selected through purposive sampling over a five-year period. Data were analyzed using statistical software through classical assumption testing, the simultaneous F-test, partial t-tests, the coefficient of determination, and multiple linear regression. The results show that CAR, NPL, ROA, and LDR jointly have a significant effect on banking stock prices. Partially, NPL has a significant negative effect, indicating that higher nonperforming loans reflect deteriorating asset quality and greater credit risk, which may weaken bank profitability, reduce investor confidence, and depress stock prices. ROA has a significant positive effect, indicating that stronger earnings generated from total assets provide a favorable signal to investors. By contrast, CAR and LDR do not have significant partial effects on stock prices. Nevertheless, both ratios remain important in the broader context of capital resilience, liquidity management, cash flow, and bank sustainability.
Purpose: This study examines the effects of profitability, liquidity, and solvency on the stock prices of banking companies listed on the Indonesia Stock Exchange during 2020–2025. It tests whether Return on Assets (ROA), Loan to Deposit Ratio (LDR), and Capital Adequacy Ratio (CAR) significantly influence banking stoc...
Dinda Ayu Sabrina, Dian Prawitasari, Amalia Nur Chasanah et al.· Advances· 0 citations
Purpose: This study aims to investigate the influence of dividend policy, earnings volatility, and asset growth on the stock prices and returns of banking companies listed on the Indonesia Stock Exchange (IDX).
Research Method: This study employs an associative quantitative approach. Secondary data were obtained from t...
Dita Ananda Bangun, Tuti Anggarini, Isnaini Harahap· Advances in Economics &...· 0 citations
This study aims to examine the effects of Bank Size, Return on Equity (ROE), and Capital Adequacy Ratio (CAR) on Non-Performing Loans (NPL) in conventional banking companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2025 period. NPL is one of the key indicators used to assess loan quality and the lev...
Risky Fitriany, A. Fadjar· Media Ethics: Human Ecology...· 0 citations
The Indonesian textile and garment sector has experienced persistent declines in stock prices, reflecting weakened corporate fundamentals and increasing risks of financial distress. Although previous studies have examined the relationships among financial ratios, financial distress, and stock prices, limited evidence e...
Rodiansyah Rodiansyah, Yana Hendayana· Quarterly Journal of the Ope...· 0 citations
This study aims to examine the effect of Return on Assets (ROA) and Earnings per Share (EPS) on stock prices of banking companies listed on the Indonesia Stock Exchange during 2018–2024. A quantitative approach with a descriptive-verificative method was employed using secondary data from annual reports, financial state...
Intan Nurrizky Arnas, Eri Novari, M. Marta et al.· Reslaj : Religion Education...· 0 citations
This study examines the effects of capital structure, liquidity, asset quality, and Environmental, Social, and Governance (ESG) scores on the profitability of banking companies listed on the Indonesia Stock Exchange during 2021–2025. A quantitative causal-explanatory design was employed using secondary data from annual...
Irham Mudin, Lutfi Alhazami· Journal of Management, Entre...· 0 citations
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