Faktor-Faktor yang Mempengaruhi Return Saham pada Perbankan yang Menerima Dana Pemulihan Ekonomi Nasional (PEN)

Abstract

This study aims to determine the effect of Earning per Share (EPS), Price Earning Ratio (PER), Price Book Value (PBV), and provision of National Economic Recovery (PEN) funds on stock returns of banks receiving National Economic Recovery (PEN) funds. The type of research used is research with quantitative methods. The data source used in this study is data obtained from idx.co.id and ojk.go. in the third quarter of 2019-2020. The data analysis technique in this study was to use panel data regression analysis. The results showed that the Earning per Share (EPS) variable had a negative and insignificant effect on stock returns in banks receiving National Economic Recovery (PEN) funds, the Price Earning Ratio (PER) variable had a negative and insignificant effect on stock returns in banks receiving the National Economic Recovery (PEN) fund, the Price Book Value (PBV) variable has a positive and significant effect on stock returns to banks receiving National Economic Recovery (PEN) funds and the dummy variable (granting National Economic Recovery funds) has a positive and significant effect on stock returns to banks receiving National Economic Recovery (PEN) funds