Determinasi Harga Saham Perbankan : Periode 2020-2024 Di Bursa Efek Indonesia

Amal Bahari, Suhita Whini Setyahuni, Agus Prayitno, Almira Santi Samasta

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Penelitian ini bertujuan menganalisis pengaruh Dividend Payout Ratio (DPR), Earnings per Share (EPS), Price to Book Value (PBV), dan Return on Assets (ROA) terhadap harga saham perusahaan perbankan yang terdaftar di Bursa Efek Indonesia periode 2020–2024. Penelitian menggunakan pendekatan kuantitatif dengan desain kausal terhadap 12 perusahaan perbankan yang dipilih melalui purposive sampling, sehingga diperoleh 60 observasi. Data dianalisis menggunakan regresi linier berganda dengan transformasi Natural Logarithm (LN) untuk memenuhi asumsi normalitas. Hasil penelitian menunjukkan bahwa EPS dan PBV berpengaruh positif dan signifikan terhadap harga saham, sedangkan DPR dan ROA tidak berpengaruh signifikan. Model penelitian mampu menjelaskan 71,7% variasi harga saham. Berbeda dengan penelitian terdahulu yang umumnya menggunakan objek lintas sektor atau periode sebelum pemulihan ekonomi, penelitian ini menunjukkan bahwa pada sektor perbankan Indonesia selama periode pascapandemi, investor lebih mempertimbangkan informasi laba (EPS) dan valuasi pasar (PBV) dibandingkan kebijakan dividen maupun profitabilitas aset dalam menentukan harga saham

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DOI: https://doi.org/10.37531/mirai.v11i2.12560

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