ANALISIS BEBERAPA FAKTOR KONDISI EKONOMI DAN KINERJA KEUANGAN YANG BERPENGARUH TERHADAP INDEK HARGA SAHAM BANK GO PUBLIK DI BURSA EFEK JAKARTA

Abstract

Abstract Rupiah's exchange rate to US $ crisis has attached since mid of July 1997, and was !allowed by increasing in deposit interest rate , inflation rate, and performance in the go public bank. Some of economic condition factor and performance of the go public bank have impact in the stock price index of the go public bank sector in Jakarta Stock Exchange This research examined whether influences some of economic condition factor as deposit interest rate, inflation rate and Rupiah's exchange rate to US $, and so some of financial performance of the go public bank as Return On Equity (ROE), Debt to Equity Ratio (DER), Price to Earning Ratio (PER) Price to Book Value (PBV) and Earning Per Share (EPS) to the stock price index of the go public bank. This research have the same of number and sample by using 20 of the go public bank sector have been active since 1997-1999. Data was obtained from JSX Monthly Statistics, Capital Market Directory, PIPM and Central Bank of Indonesia located in Semarang. This research method used model of regression analysis with t-test and F test The hypothesis test result showed that some of economic condition factor as deposit interest rate significantly influence to stock price index of the go public bank. Inflation rate and Rupiah's exchange rate to US $ no significantly result and negative effect to stock price index of the go public bank. So some of financial performance in public bank as ROE, DER, PER, PBV and EPS result signcant impact to stock price index in the go public bank sector. The result _ of regression analysis this research showed that some of economic condition factor as deposit interest rate, inflation rate , Rupiah's exchange rate to US $ and some of financial performance as ROE, DER, PER, PBV and EPS simultaneously have significant impact to stock price index in the go public bank sector. Abstraksi Krisis nilai tukar rupiah terhadap dolar Amerika di Indonesia sejak pertengahan Juli 1997 dan diikuti dengan kenaikan tingkat suku bunga deposito, inflasi dan fluktuasi kinerja keuangan bank go publik . Beberapa faktor kondisi ekonomi dan kinerja keuangan bank go publik dimungkinkan dapat mempengaruhi indek harga saham bank go publik di Bursa Efek Jakarta. Penelitian ini hendak menguji lebih lanjut mengenai pengaruh beberapa kondisi ekonomi seperti tingkat suku bunga deposito, inflasi dan kurs US $, serta beberapa kondisi kinerja keuangan bank go publik seperti Return On Equity (ROE), Debt to Equity Ratio ( DER), Price Earning Ratio ( PER), Price to Book Value (PBV), Earning Per Share (EPS) terhadap indek harga saham bank go publik. Jumlah populasi sama dengan sampel yaitu 20 bank publik yang masih aktip pada tahun 1997-1999, dengan waktu pengamatan selama 30 bulan. Data diperoleh dan JSX Monthly Statistics, Capital Market Directory, PIPM Semarang dan Bank Indonesia Semarang. Metode penelitian ini menggunakan model analisis regresi linier dengan pengujian t test dan F test Hasil temuan menunjukkan bahwa beberapa faktor kondisi ekonomi seperti tingkat suku bunga deposito berpengaruh signifikan terhadap indek harga saham bank go publik Inflasi dan kurs US $ berpengaruh negatip dan tidak signifikan terhadap indek harga saham bank go publik. Sedangkan beberapa faktor kinerja keuangan bank go publik seperti ROE, DER, PER , PBV dan EPS berpengaruh signifikan terhadap indek harga saham bank go publik. Hasil estimasi regresi juga menunjukkan bahwa beberapa faktor kondisi ekonomi dan kinerja keuangan bank go publik secara bersama-sama berpengaruh signifikan terhadap indek harga saham bank go publik.