Pengaruh Rentabilitas, Efisiensi Operasional, Intermediasi Makroprudensial terhadap Harga Saham PT Bank Central Asia Tbk

Somadi Somadi; Ridwan Ridwan; Ai Rini Rianti; Jusni Samsulma’arif; Anita Nurjanah; Hasna Fatimah Zahrah

doi:10.55338/jeama.v5i1.1.1296

Penulis

Somadi Somadi Universitas Pasundan
Ridwan Ridwan Universitas Pasundan
Ai Rini Rianti Universitas Pasundan
Jusni Samsulma’arif Universitas Pasundan
Anita Nurjanah Universitas Pasundan
Hasna Fatimah Zahrah Universitas Pasundan

DOI:

https://doi.org/10.55338/jeama.v5i1.1.1296

Kata Kunci:

Profitability, operational effiency, Macroprudential Intermediation, Stock Price, Banking

Abstrak

Changes in banking stock prices do not always move in line with developments in financial performance and banking intermediation activities, while previous studies on the effects of profitability, operational efficiency, and macroprudential intermediation on stock prices have reported varying findings. This study aims to analyze the effects of profitability, operational efficiency, and macroprudential intermediation on the stock price of PT Bank Central Asia Tbk during the 2020–2025 period, both partially and simultaneously. This study employs a quantitative approach using secondary data obtained from annual reports, financial statements, and historical stock price data. The research object is PT Bank Central Asia Tbk, with six annual observations covering the 2020–2025 period. Profitability is proxied by Return on Equity (ROE), operational efficiency is proxied by the Operating Expenses to Operating Income ratio (BOPO), and macroprudential intermediation is proxied by the Macroprudential Intermediation Ratio (RIM), while stock price is used as the dependent variable. Data were analyzed using multiple linear regression with partial and simultaneous significance tests. The results show that ROE, BOPO, and RIM each have a positive and significant effect on the stock price of PT Bank Central Asia Tbk. Simultaneously, ROE, BOPO, and RIM also have a significant effect on stock price. The novelty of this study lies in integrating profitability, operational efficiency, and macroprudential intermediation into a single model to explain the stock price of PT Bank Central Asia Tbk. The study concludes that these three indicators represent relevant information associated with changes in the company’s stock price during the study period.

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