Open AccessPengaruh Profitabilitas, Likuiditas, Dan Solvabilitas Terhadap Harga Saham Perbankan Dengan Inflasi Sebagai Variabel Moderating Pada Periode 2007-2015
Author(s) -
Nyi Mas Rizki Noviyah
Publication year - 2018
Publication title -
jurnal manajemen dan bisnis indonesia
Language(s) - English
Resource type - Journals
eISSN - 2597-6230
pISSN - 2338-4557
DOI - 10.31843/jmbi.v5i2.159
Subject(s) - solvency , market liquidity , profitability index , panel data , stock (firearms) , stock price , economics , monetary economics , business , econometrics , financial system , finance , engineering , mechanical engineering , paleontology , series (stratigraphy) , biology
The purpose of this study is to analyze the effect of profitability (ROA), liquidity (LDR), and solvency (DER) to the stock price of banking and find out whether inflation moderates the effect of profitability (ROA), liquidity (LDR), and solvency (DER) to the stock price of banking. Data collection method used is the method of research libraries. Data analysis technique used is multiple linear panel regression and hypothesis testing using t-statistics as well as the interaction test Moderated Regression Analysis (MRA) with significance level of 5 percent. Data were processed using Eviews program ver. 6.0. The results showed that the profitability (ROA) and liquidity (LDR) have positive and significant impact to the stock price of banking, but the solvency (DER) have negative and significant impact to the stock price of banking.. In addition, inflation is moderating influence liquidity (LDR) and solvency (DER) to the stock price of banking. While on influence profitability (ROA) to the stock price banking, inflation does not moderate significantly.
Keywords: profitability (ROA), liquidity (LDR), solvency (DER),stock price of banking, inflation