Pengaruh Trading Volume Activity, Return on Equity, dan Capital Adequacy Ratio terhadap Harga Saham Bank Konvensional yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2020–2024

Penelitian ini bertujuan untuk mengetahui pengaruh Trading Volume Activity, Return On Equity dan Capital Adequacy Ratio terhadap harga saham pada bank konvensional yang terdaftar di Bursa Efek Indonesia (BEI) periode 2020-2024. Jumlah populasi sebanyak 46 perusahaan perbankan, dengan pengambilan sampel menggunakan teknik purposive sampling sebanyak 26 perusahaan dan diolah menggunakan perangkat lunak Eviews 12. Hasil penelitian ini menujukkan bahwa secara parsial Trading Volume Activity berpengaruh positif dan signifikan terhadap harga saham, Return On Equity berpengaruh negatif dan signifikan terhadap harga saham, sementara Capital Adequacy Ratio tidak berpengaruh terhadap harga saham. Secara simultan Trading Volume Activity, Return On Equity dan Capital Adequacy Ratio berpengaruh terhadap harga saham. Nilai koefisien determinasi sebesar 0,653163 (65%) variasi harga saham dapat dijelaskan oleh Trading Volume Activity, Return On Equity dan Capital Adequacy Ratio, sedangkan sisanya 35% dipengaruhi oleh variabel lain. Penelitian ini mendukung teori signal yaitu informasi mengenai TVA, ROE dan CAR merupakan sinyal yang digunakan investor dalam pengambilan keputusan investasi, Namun, pada hasil penelitian ini ROE berpengaruh negatif dan CAR yang tidak signifikan menunjukkan bahwa signal pada rasio profitabilitas (pengembalian ekuitas) dan permodalan tdak selalu direspon positif oleh investor, sehingga respon pasar terhadap informasi keuangan bergantung pada persepsi investor terhadap prospek dan risiko perusahaan perbankan.

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This research aimed to determine the effect of Trading Volume Activity, Return on Equity (ROE) and Capital Adequacy Ratio on share prices in conventional banks listed on the Indonesia Stock Exchange (BEI) for the 2020-2024 period. The total population was 46 banking companies, with samples taken using a purposive sampling technique of 26 companies and processed using Eviews 12 software. The results of this research showed that partially Trading Volume Activity has a positive and significant effect on stock prices, Return on Equity has a negative and significant effect on stock prices, while the Capital Adequacy Ratio has no effect on stock prices. Simultaneously Trading Volume Activity, Return on Equity and Capital Adequacy Ratio influence stock prices. The coefficient of determination value is 0.653163 (65%) variations in stock prices can be explained by Trading Volume Activity, Return on Equity and Capital Adequacy Ratio, while the remaining 35% is influenced by other variables. This research supports the signal theory, namely that information regarding TVA, ROE and CAR are signals those investors use in making investment decisions. However, in the results of this research, ROE has a negative effect and CAR is not significant, indicating that signals on profitability ratios (Return on Equity) and capital are not always responded to positively by investors, thus, the market response to financial information depends on investors' perceptions of the prospects and risks of banking companies.