Abstract :
The aims of this study are to analyze the effect of financial ratio on stock prices.
In this research used financial ratio, such as Capital Adequacy Ratio, Biaya Operasional
terhadap Pendapatan Operasional, Loan to Deposit Ratio, and Non Performing Loan This
study was taken because in the previous research there are still differences between each
other and there are a differences between the result of previous research with existing
theory.
The sample of this research are listed companies in Banking industry in
Indonesia Stock Exchange in the year of 2009-2012. From thirty two companies, only
twenty three are selected, determination of the sample in this research using purposive
sampling based on the availability of financial report and listed in IDX during the study
period. The type of data is secondary data, while data analysis method used was multiple
linear regression.
The results of this study based on the analysis it can be concluded that: (1)
Capital adequacy ratio significant negative effect on stock prices. The higher the CAR
stock price will decrease. (2) BOPO significant negative effect on stock prices. the lower
the BOPO ratio then stock prices will increase. (3) Loan to Deposit Ratio has no effect
on stock prices. (4) Non Performing Loan has no effect on stock prices.
Keyword: Capital Adequacy Ratio (CAR), BOPO, Loan to Deposit Ratio (LDR), Non Performing Loan (NPL), Stock Prices.