ANALISIS PENGARUH RISIKO KREDIT TERHADAP IMBAL HASIL SAHAM PERBANKAN DI BURSA EFEK JAKARTA PERIODE TAHUN 2001-2005

Authors

  • Siane Handayani Rahardjo Alumni of BINUS Business School, BINUS University, JWC Campus, Jl. Hang Lekir I No. 6, Senayan, Jakarta 12120
  • Ingrid Maya Sophy2 Alumni of BINUS Business School, BINUS University, JWC Campus, Jl. Hang Lekir I No. 6, Senayan, Jakarta 12120
  • Tedy Fardiansyah Faculty of BINUS Business School, BINUS University, JWC Campus, Jl. Hang Lekir I No. 6, Senayan, Jakarta 12120

DOI:

https://doi.org/10.21512/jafa.v4i1.282

Keywords:

stock returns, credit risk, CAR, NPL, PPAP.

Abstract

Banks have an important role in the economy and serves as a financial intermediary. Credit risk, as one of indicator of the health of the bank, is an interest of all stakeholders including investors stock.
This study was conducted to determine the effect of credit risk on bank stock returns listed on the Jakarta Stock Exchange.
The sampling method performed on 8 banks for a sample of meeting the requirements of the study. Credit risk data consisting of CAR (Capital Adequacy Ratio), NPL (Non Performing Loans) and PPAP (Removal of Assets Allowance) financial ratios derived from the quarterly during January 2001-December 2005. The stock prices are taken from the weekly closing stock price data weekly during January 2001-December 2005. Tests using multiple regressions were conducted to determine the effect of credit risk on stock returns. The results show that jointly or individually no significant effect on credit risk with stock returns.

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Published

2011-11-29
Abstract 214  .
PDF downloaded 322  .