Analisis Pengaruh Debt to Equity Ratio, Return On Assets, dan Return On Equity Terhadap Harga Saham Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Tahun 2017-2021

Abstract

This study aims to determine the effect of Debt to Equity Ratio, Return On Assets, and Return On Equity on Stock Prices in Banking Companies Listed on the Indonesia Stock Exchange (IDX) in 2017-2021 either partially or simultaneously.
The number of samples used in this study were 12 Banking Companies Listed on the Indonesia Stock Exchange (IDX) for the 2017-2021 from a total population of 46 companies. The type of data is secondary data sourced from the company's financial statements and annual reports. The data analysis method used is multiple linear regression analysis.
The results of testing the hypothesis in this study indicate that simultaneously the Debt to Equity Ratio, Return On Assets, and Return On Equity have a significant effect on stock prices where Fcount is 7.771 > Ftable 3.84 with a significant value of 0.001 <0.05. Partially, the Debt to Equity Ratio and Return On Assets have no effect on stock prices. This is because the Debt to Equity Ratio has a tcount comparison of -0.307 < ttable 1.859 and a significant value of 0.760 > 0.05 and Return On Assets has a comparison result of tcount -0.776 < ttable 1.859 and a significant value of 0.441 > 0.05. Meanwhile, Return On Equity affects stock prices where tcount is 4,482 > ttable 1,859 and a significant value is 0.001 <0.05. The R2 value is 0.294 (29.4%) meaning that 0.294 (29.4%) the dependent variable (Stock Prices) can be explained by the independent variables.