Banking Stock Returns Amid Market Dynamics: Are They Still Worth Considering?
Return Saham Perbankan di Tengah Dinamika Pasar : Apakah Masih Layak Diperhitungkan?
DOI:
https://doi.org/10.21070/ups.12057Keywords:
volume, market risk, market capitalization, stock return, banking sectorAbstract
This study aims to examine stock returns of banking sector companies listed on the Indonesia Stock Exchange (IDX) during 2022–2024 by incorporating three market indicators: trading volume, market risk, and market capitalization. A quantitative approach was employed using secondary data obtained from financial statements and stock market information. Thirteen banking companies were selected as the research sample through purposive sampling, resulting in 39 observations. The data were analyzed using panel data regression. Based on the Chow and Hausman tests, the Fixed Effect Model was determined to be the most appropriate model. The results indicate that trading volume and market risk have positive but insignificant effects on stock returns. In contrast, market capitalization has a positive and significant effect on stock returns. Simultaneously, the three variables do not significantly affect stock returns. The model used is able to explain 28.39% of the variation in stock returns.
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