Determinants Affecting Profitability and Stock Returns for Smaller Banks Listed on the Indonesia Stock Exchange

Ardiansyah, Ferry; Siregar, Hermanto; Hakim, Dedi Budiman; Siregar, Mulya E.

doi:10.17358/jabm.6.3.679

Cited by 4 publications

(5 citation statements)

References 5 publications

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“…Seiring dengan berkembangnya bisnis dan operasional yang diberikan kepada nasabah, bank dituntut untuk memiliki jumlah karyawan yang memadai (Ardiansyaha et al, 2020). Semakin besar jumlah karyawan, maka semakin besar jumlah biaya tenaga kerja tambahan yang akan dikeluarkan bank, dan hal ini akan mengurangi jumlah keuntungan yang diperoleh (Ardiansyaha et al, 2020). Besarnya pendapatan yang diperoleh perusahaan berasal dari hasil usaha para karyawan dan manajemen perusahaan (Anjaneyulu & Haranath, 2023).…”

Section: Jumlah Karyawanunclassified

Kontribusi Akuntansi Sumber Daya Manusia Terhadap Profitabilitas Perusahaan Konglomerasi Perbankan Publik Di Indonesia

Nopita,

Andang Saputra

2023

KENDALI

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Penelitian ini bertujuan untuk mengevaluasi dampak dari adanya biaya pelatihan dan pengembangan staf, biaya perubahan gaji, biaya imbalan pasca kerja, dan jumlah karyawan terhadap profitabilitas di perusahaan konglomerasi perbankan publik di Indonesia. Dengan menggunakan data sekunder berupa laporan keuangan yang tercatat di BEI dan annual report dari website masing-masing perusahaan, dari tahun 2017-2022. Penelitian ini menggunakan teknik Purposive Sampling untuk menentukan data yang akan diteliti, dengan panel gabungan dari dari data cross section dan data time series. Didapatkan jumlah sampel sebanyak 42, dari 8 perusahaan. Hasil penelitian menunjukkan bahwa biaya pelatihan dan pengembangan staf, biaya perubahan gaji, biaya imbalan pasca kerja, dan jumlah karyawan berpengaruh secara bersama-sama (simultan) terhadap profitabilitas. Biaya pelatihan dan pengembangan staf berpengaruh positif terhadap profitabilitas. Biaya perubahan gaji berpengaruh positif terhadap profitabilitas. Biaya imbalan pasca kerja tidak berpengaruh signifikan terhadap profitabilitas. Jumlah karyawan berpengaruh positif terhadap profitabilitas.

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Section: Jumlah Karyawanunclassified

Kontribusi Akuntansi Sumber Daya Manusia Terhadap Profitabilitas Perusahaan Konglomerasi Perbankan Publik Di Indonesia

Nopita,

Andang Saputra

2023

KENDALI

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“…Sebaliknya, perusahaan yang memiliki standar tata kelola yang lemah, nilai ROA yang dihasilkan oleh perusahaan tersebut juga rendah. Penelitian yang dilakukan Ardiansyaha, et al (2020) menyatakan bahwa tata kelola adalah salah satu faktor yang memengaruhi harga saham suatu perusahaan. Lebih lanjut, Ghonio (2017) , adalah persamaan struktural.…”

Section: Metode Penelitianunclassified

Dampak Tata Kelola Perusahaan Terhadap Profitabilitas Dan Nilai Perusahaan: Analisis Simulasi Kebijakan

Assrianti¹,

Sinaga²,

Bandono³

2021

jabm

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The concept of good corporate governance (GCG) has not been fully implemented by most business actors which is reflected in the assessment results of the ASEAN Corporate Governance Scorecard. The study aims to analyze the impact of external and internal factors including the implementation of GCG on the profitability and firm value in the LQ45 index of the Indonesia Stock Exchange. The econometric model is built as a system of simultaneous equations and estimated by using the Two-Stage Least Squares (2SLS) method and the impact simulation analysis policy. The result shows impact of decrease in gross domestic product is greater than increase in inflation. Furthermore if the decrease in gross domestic product or the increase in inflation that is resolved by company policies by improving corporate governance, making efficiency by reducing operational costs, and increasing total assets, have greater impact than the company resolved by improving corporate governance and making efficiency by reducing the cost of goods sold.

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“…Numerous scholars are studying banking stock return with macroeconomic factors as its determinant. They employ data from the capital market in India (Narayan et al, 2014), Pakistan (Rolle et al, 2020), Saudi Arabia (Alsharif, 2023), the United States (Priti, 2016), Turkey (Rjoub et al, 2017), and Indonesia (Ardiansyah et al, 2020;Kusumaningtyas et al, 2021;Nurazi & Usman, 2016;Prastuti & Setianingrum, 2018;Tumbelaka et al, 2023). At least three macroeconomic factors of banking stock return are attempted to be proven statistically.…”

Section: Introductionmentioning

confidence: 99%

“…At least three macroeconomic factors of banking stock return are attempted to be proven statistically. The first is the exchange rate (Alsharif, 2023;Ardiansyah et al, 2020;Kusumaningtyas et al, 2021;Narayan et al, 2014;Nurazi & Usman, 2016;Prastuti & Setianingrum, 2018;Priti, 2016;Rjoub et al, 2017;Rolle et al, 2020;Tumbelaka et al, 2023). The second is the interest rate (Alsharif, 2023;Kusumaningtyas et al, 2021;Narayan et al, 2014;Nurazi & Usman, 2016;Priti, 2016;Rjoub et al, 2017;Tumbelaka et al, 2023).…”

Section: Introductionmentioning

confidence: 99%

“…The second is the interest rate (Alsharif, 2023;Kusumaningtyas et al, 2021;Narayan et al, 2014;Nurazi & Usman, 2016;Priti, 2016;Rjoub et al, 2017;Tumbelaka et al, 2023). The third is inflation (Ardiansyah et al, 2020;Kusumaningtyas et al, 2021;Nurazi & Usman, 2016;Prastuti & Setianingrum, 2018;Rjoub et al, 2017). Unfortunately, their results are contrary: positive, negative, and insignificant, as Table 1 exhibits.…”

Section: Introductionmentioning

confidence: 99%

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Is the banking stock return affected by exchange, interest, and inflation rates?

Iskandar

Martalena

Sihombing

et al. 2023

Owner

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For public investors, the return becomes the appeal for investors to purchase and sell the stocks in the capital market. Fundamentally, in their analysis, they must consider macroeconomic factors, i.e., foreign exchange, interest, and inflation rates. This study investigates and analyzes these factors as the determinant of stock return. The return intended is owned by the Indonesian capital market-listed banks selected as Kompas 100 Index constituents. Eight years are used as time observation, i.e., from 2015 to 2022. Based on this period, 11 banks exist as the samples. Then, this study utilizes the regression model to analyze the data associated with hypothesis testing. After examining the hypotheses, this study concludes a negative relationship between the exchange rate of IDR/USD on banking stock return: The more weakened the IDR/USD, the lower the stock return. Similarly, this negative sign also happens in the relationship between interest rate and stock return. Conversely, inflation positively affects this return.

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Determinants Affecting Profitability and Stock Returns for Smaller Banks Listed on the Indonesia Stock Exchange

Cited by 4 publications

References 5 publications

Kontribusi Akuntansi Sumber Daya Manusia Terhadap Profitabilitas Perusahaan Konglomerasi Perbankan Publik Di Indonesia

Kontribusi Akuntansi Sumber Daya Manusia Terhadap Profitabilitas Perusahaan Konglomerasi Perbankan Publik Di Indonesia

Dampak Tata Kelola Perusahaan Terhadap Profitabilitas Dan Nilai Perusahaan: Analisis Simulasi Kebijakan

Is the banking stock return affected by exchange, interest, and inflation rates?

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