The Influence Of ROA, EPS, Car, Inflation, Bi Rate On Stock Returns With Stock Beta As An Intervening Variable In Banking Companies Lq-45

Abstract

The aim of this research is to determine ROA, EPS, CAR, Inflation and BI Rate on stock returns with Beta Stock as an intervening variable in shares of banking companies listed on the 2017-2021 Lq-45 index. This research method is causal in nature which can measure causal relationships between variables. In this research, ROA, EPS, CAR, Inflation and BI Rate are the cause, while returns are the effect. This research uses statistical analysis tools with the help of Smart PLS 4.0 software to determine the influence and relationship of each variable. From the results of statistical testing, it can be seen that ROA, EPS, CAR have a positive and significant effect on stock returns, while Inflation, BI rate have a positive and less significant effect on stock returns. ROA, EPS, CAR have a positive and significant effect on stock returns with the help of stock beta mediation, while Inflation, Bi Rate have a less significant effect on stock returns with the help of stock beta mediation. Meanwhile, stock beta itself has a positive and significant influence on stock returns.