Proceedings of the International Conference on Economics and Banking 2015

Financial Performance, Macroeconomic Factors and Stock Return

Authors
Rita Zulbetti, A.H. K. Prihartono, Perwito
Corresponding Author
Rita Zulbetti
Available Online May 2015.
DOI
https://doi.org/10.2991/iceb-15.2015.14How to use a DOI?
Keywords
Financial Performance; Macroeconomics Factors; Stock Return; Dynamic Panel Data
Abstract
The objective of this research is to analyze the influence of Capital Adequacy Ratio, Non Performing Loan, Operating Expense to Operating Income, Net Interest Margin, Loan to Deposit Ratio, Economic Growth, Inflation Rate, Interest Rate and Exchange Rate to Stock Return of banking companies on SRI-Kehati Index during the period 2009-2013. Historical data was taken from Indonesia Financial Statistic, Indonesia Stock Exchange, Statistic Center Bureau, Bank of Indonesia monthly report and Indonesia Capital Market Directory. The number of population for this research is 35 companies and the number of sample that examined after passed the purposive sampling phase is 7 companies. Analytical technique for this research is Dynamic Panel Data, with two alternate that is balanced panel and unbalanced panel. The results show that Capital Adequacy Ratio, Net Interest Margin, Interest Rate and Economic Growth have a positive and significant influence to Stock Return, on the other hand Non Performing Loan, Operating Expense to Operating Income, Inflation Rate and Exchange Rate have a negative and significant influence to Stock Return on banking companies
Open Access
This is an open access article distributed under the CC BY-NC license.

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Proceedings
International Conference on Economics and Banking (iceb-15)
Part of series
Advances in Economics, Business and Management Research
Publication Date
May 2015
ISBN
978-94-62520-86-8
ISSN
2352-5428
DOI
https://doi.org/10.2991/iceb-15.2015.14How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Rita Zulbetti
AU  - A.H. K. Prihartono
AU  - Perwito
PY  - 2015/05
DA  - 2015/05
TI  - Financial Performance, Macroeconomic Factors and Stock Return
BT  - International Conference on Economics and Banking (iceb-15)
PB  - Atlantis Press
SN  - 2352-5428
UR  - https://doi.org/10.2991/iceb-15.2015.14
DO  - https://doi.org/10.2991/iceb-15.2015.14
ID  - Zulbetti2015/05
ER  -