PENGARUH RASIO NILAI PASAR, TINGKAT SUKU BUNGA, DAN ASET PAJAK TANGGUHAN TERHADAP HARGA SAHAM PERUSAHAAN PERBANKAN YANG MENYALURKAN DANA KREDIT PADA UMKM (Studi Kasus Pada Perusahaan Sub. Sektor Perbankan Yang Terdaftar Di Bursa Efek Indonesia Periode Tah
The research is asmed to find out the effect of market value ratios, interest rates, and deferred tax assets on the share prices of banking industry/companies that chanrelling credit find to MSMEs/ UMKM. These banking companies are already listed on the IDX for the period of 2013-2017, the acknowledgement of its credibility.
The population of this study are all banking companies that channeling credit funds to MSMEs/UMKM. The sample of this study are 8 banking companies, determined based on purposive sampling. The research was tested using descriptive statistical tests, classic assumption tests. The research then being analyzed using multiple linear regression analysis methods.
The results of the research on the t test contained variables earnings per share (EPS), price to book value (PBV), and deferred tax assets that have a significant positive effect on the stock price of banking companies, with a significance value of <0.05 (5%). Variable interest rates have a significant negative effect on stock prices with a significance value of 0.016 <0.05 and t count of -2.541. While the dividend payout ratio (DPR) variable has no effect on banking stock prices, because the significance value is> 0.05 (5%). In the F test (simultaneous), the variables of DPR, EPS, PBV, interest rates, and deferred tax assets together (simultaneously) affect the stock price of banking companies that channel credit funds to MSMEs.
Keywords: Dividend Payout Ratio (DPR), Earning Per Share (EPS), Price to Book Value, Interest Rate (BI_Rate), Deferred Tax Asset, Stock Price.
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