What determines banking company stock returns? Empirical evidence from Indonesia stock exchange | Technium Business and Management

Technium Business and Management (TBM) ISSN 2821-4366 is a double-blind refereed, open-access academic journal with the objective of providing a forum for the dissemination of theory and research in all areas of business, management, and organizational decisions which would be of interest to academics, practitioners, and policy makers.

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Published: Apr 8, 2022

DOI: https://doi.org/10.47577/business.v2i.10890

Keywords:

Stock return, listed banking companies, panel data regression, profitability, firm size, leverage

Indupurnahayu

Universitas Ibn Khaldun Bogor, Indonesia

Shanti Lysandra

Universitas Ibn Khaldun Bogor, Indonesia

Evin Sofianti

Universitas Ibn Khaldun Bogor, Indonesia

Renea Shinta Aminda

Universitas Ibn Khaldun Bogor, Indonesia

Abrista Devi

INCEIF University, Malaysia

Abstract

The purpose of this study was to investigate the determinants of stock returns of banking companies listed on the Indonesia Stock Exchange (IDX). The panel econometric approach was used to analyze panel data obtained from 31 banking companies listed in the 2018-2019 period. The research findings show that profitability has a significant effect on stock returns. Net Profit Margin has a positive effect on stock returns, while Return on Equity has a negative effect. Meanwhile, the size and leverage of the company have no significant effect on stock returns.

How to Cite

Indupurnahayu, Shanti Lysandra, Evin Sofianti, Renea Shinta Aminda, & Abrista Devi. (2022). What determines banking company stock returns? Empirical evidence from Indonesia stock exchange. Technium Business and Management, 2(2), 79–87. https://doi.org/10.47577/business.v2i.10890

Issue

Vol. 2 No. 2 (2022): New Multidisciplinary Field in Business and Management

Section

Articles

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This work is licensed under a Creative Commons Attribution 4.0 International License.

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