TY  - JOUR
T1  - The Determinants of Efficiency, Profitability and Stock Returns for Smaller Banks Listed on
the Indonesia Stock Exchange
AU - Ardiansyah, Ferry AU - Siregar, Hermanto AU - Budiman Hakim, Dedi AU - E. Siregar, Mulya 
JO  - International Business Management
VL  - 14
IS  - 1
SP  - 25
EP  - 35
PY  - 2020
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2020.25.35
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2020.25.35
KW  - Determinant factors
KW  -efficiency
KW  -go public
KW  -panel data regression
KW  -profitability
KW  -stock return
AB  - While running a business and its operations,
banks are required to run efficiently. Running banks
efficiently will be able to provide for a maximum amount
of profit. Profits earned by banks provide an added value
for banks, especially for shareholders that see an increase
in their share prices. This research was conducted on 18
banks included in the BUKU II Go Public Bank group in
Indonesia. The study was conducted using secondary data
dating from January, 2014 to December, 2018. In order to
analyze the factors that influence firm’s profitability and
stock returns, this data was processed using panel data
regression analysis. The results show that significant
factors in the efficiency intermediation approach were the
number of variations in electronic banking and the
number of ATMs. Factors that affect profitability are total
assets, Non-Performing Loans (NPL), the Capital
Adequacy Ratio (CAR), the Net Interest Margin (NIM),
and the number of employees. The factors that affect
stock returns are Good Corporate Governance (GCG) and
the number of variations or types of electronic banking
offered by a bank.
ER  -