Faktor Penentu Tingkat Kesehatan Bank Dan Implikasinya Terhadap Harga Saham Dengan Dividend Payout Ratio (DPR) Sebagai Mediator Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia (BEI) Periode 2017 -2021

Abstract

The purpose of this research is to analyze the determinants of bank soundness on stock prices and determine the position of the Dividend Payout Ratio (DPR), whether it functions as a mediator in the influence of bank soundness on stock prices or not. The determinants of bank soundness which are independent variables in this study are Loan To Deposit Ratio (LDR), Return On Assets (ROA), and Capital Adequacy Ratio (CAR). Meanwhile, Stock Price is the dependent variable and the Dividend Payout Ratio (DPR) is the intervening variable. This study uses a descriptive quantitative approach. The type of data used is secondary data in the form of financial statements of banks listed on the Indonesia Stock Exchange (IDX). The population in this research were 46 banking companies with a sampling method using purposive sampling, in order to obtain a sample of 11 banking companies. This research was analyzed using the Eviews 9.0 . programThe results of this research indicate that partially and simultaneously Loan To Deposit Ratio (LDR), Return On Assets (ROA), and Capital Adequacy Ratio (CAR) have no significant effect on the Dividend Payout Ratio (DPR). In contrast to the effect on stock prices, partially Return On Assets (ROA), Capital Adequacy Ratio (CAR), and Dividend Payout Ratio (DPR) have a significant effect except Loan To Deposit Ratio (LDR). Simultaneously, all independent variables have a significant effect on stock prices. Based on the results of this research, the results of path analysis are obtained, that the Dividend Payout Ratio (DPR) is not a mediator in the influence of determinants of bank soundness on stock prices.