SELEKSI PORTOFOLIO SEKTOR PERBANKAN YANG GO PUBLIC DI BURSA EFEK INDONESIA (BEI)

Abstract

The present study attempts to identify the alternative investment time in the banking sector of the
indonesian capital market for the purpose of earning maximum returns. In addition, the study also
aims to find out the alternative investment option for banking sector stocks in the capital market. In
order to find the alternative, the four criteria were used namely the fundamental aspect of finance
(asset base, gross earning, profit after tax, share capital), capital market (share price, earnings,
earning per share, market capitalisation, devidends policy), management efficiency (credit policy,
corporate image, structure and strategy, workforce capacity, age of bank), economic condition
(interest rate, inflation). The Findings of this study suggest that the short term investment is the
prefered alternative investment time and BCA/ Bank Central Asia Tbk is the preffered bank in the
Indonesian stock exchange. The first important indicator for investment decision making is the
fundamental aspect of finance. The sub criteria in the decisions made by investors regarding the
fundamental criteria (financial criteria) is profit after tax. For the capital market, the most significat
aspect is earning. For management efficiency, the significat indicator is corporate image and the
for economic condition aspect, the significat indicator is inflation.
Keywords: investment alternatives, capital market, Analytical Hierarchy Process (AHP)