Eksplorasi NIM dan LDR terhadap Harga Saham dengan Mediasi NPL

https://doi.org/10.35912/jakman.v6i2.3821
Published: Mar 12, 2025

Abstract:

Purpose: This study will look at how stock prices with non-performing loans (NPL) are affected by Net interest margin (NIM) and Loan to Deposit Ratio (LDR).
Methodology/approach: This study uses secondary data from IDX for conventional banks in Indonesia from 2019 to 2023. This study uses the documentation method and analysis tools with the SEM-PLS approach.
Results/findings: The results show that NPL is negatively and significantly affected by NIM, but NPL is not significantly affected by LDR, NIM is able to positively and significantly affect stock prices, but stock prices are not significantly affected by LDR. NIM has a positive and significant impact due to the mediating role of NPL. On the other hand, there is no significant impact between LDR and stock price with NPL mediation.
Conclusions:
Limitations: This study only uses the variables NIM, LDR, NPL and stock prices with a sample of 20 conventional banks listed on the IDX with annual reports for the period 2019 - 2023. Future research should be able to provide additional variables with a larger number to determine the effect on stock prices such as the use of financial ratios ROA, ROE, and external assets. In addition, it is also necessary to increase the number of samples used so that statistics can accurately represent the population such as using additional samples from Islamic banking, regional banking, or other industrial companies.
Contribution: Stakeholders can use these results to assess the share price of the banking sector using financial ratios.

Keywords:
1. Conventional Banking
2. Loan to Deposit Ratio
3. Net interest margin
4. Stock price
Authors:
1 . Nisa Amelia Wulandari
2 . Firdaus Firdaus
https://orcid.org/0000-0003-1493-9839
3 . Nurhayati Nurhayati
4 . Suharti Suharti
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Wulandari, N. A., Firdaus, F., Nurhayati, N., & Suharti , S. . (2025). Eksplorasi NIM dan LDR terhadap Harga Saham dengan Mediasi NPL . Jurnal Akuntansi, Keuangan, Dan Manajemen, 6(2), 421–434. https://doi.org/10.35912/jakman.v6i2.3821
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Vol. 6 No. 2 (2025): Maret
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  9. Faisal, F., Muhamad, P. M., & Tursoy, T. (2016). Impact of economic growth, foreign direct investment and financial development on stock prices in China: Empirical evidence from time series analysis. In International Journal of Economics and Financial Issues (Vol. 6, Issue 4, pp. 1998–2016).
  10. Fatma, E. R. T. (2021). Pengaruh ROA, ROE, LDR, CAR, DAN NPL Terhadap Harga Saham (Studi Kasus pada Perusahaan Sektor Perbankan yang Termasuk dalam Indeks LQ45 2015-2019). Jurnal Mitra Manajemen, 4(12), 1651–1663. https://doi.org/10.52160/ejmm.v4i12.501
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  12. Hair, J., & Alamer, A. (2022). Partial Least Squares Structural Equation Modeling (PLS-SEM) in second language and education research: Guidelines using an applied example. Research Methods in Applied Linguistics, 1(3), 1–16. https://doi.org/10.1016/j.rmal.2022.100027
  13. Hair, J. F., Howard, M. C., & Nitzl, C. (2020). Assessing measurement model quality in PLS-SEM using confirmatory composite analysis. Journal of Business Research, 109(November 2019), 101–110. https://doi.org/10.1016/j.jbusres.2019.11.069
  14. Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European Business Review, 31(1), 2–24.
  15. Hanike, Y., & Damirah. (2019). Analisis Pengaruh Rasio Keuangan Terhadap Economic Value Added Pada Perusahaan Bursa Efek Indonesia Melalui Pendekatan Struktural Equation Model-Partial Least Square. AMAL: Journal of Islamic Economic And Business (JIEB), 01(02), 177–191. http://dx.doi.org/10.33477/eksy.v1i02.1259
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