JRK Vol. 2 No. 3 September 2024 PENGARUH KESEHATAN BANK TERHADAP RETURN SAHAM PADA SUBSEKTOR PERBANKAN YANG TERDAFTAR DI BEI PERIODE 2018-2022

Abstract

The purpose of this study is to analyze the effect of bank health indicators (RGEC) on Stock Returns in banking subsector companies listed on the Indonesia Stock Exchange for the 2018-2022 period. This type of research is associative research with a quantitative approach. The type of data used in this study is secondary data. The data source for this research comes from www.idx.co.id. By using purposive sampling technique, 25 samples were obtained from 47 populations of banking subsector companies in this study. The results of the panel data testing method in this study used a random effect model. The results of the normality test are normally distributed using data that has been transformed using the logarithm formula. The results of the research on the classical assumption test are that there are no symptoms of multicollinearity, no symptoms of heteroscedasticity, and no symptoms of autocorrelation. In hypothesis testing research using the individual parameter significance test, namely the t-test, the model feasibility test, namely the F-test, and the coefficient of determination (R2) analysis test. The results of this study partially using the t-test show that Non Performing Loan has a negative and significant effect on Stock Returns, Good Corporate Governance has a negative and insignificant effect on Stock Returns, Return On Assets has a negative and insignificant effect on Stock Returns, Capital Adequacy Ratio has a positive and significant effect on Stock Returns. Keywords: Non Performing Loan, Good Corporate Governance, Return On Assets, Capital Adequacy Ratio, Stock Returns