This study aims to analyze some factors that can affect Return on Assets (ROA) which have implications for Stock Return. The analysis model of this study uses panel data regression with samples from each countrysuch as Indonesia and Malaysia as many as 10 banks that have large total assets of the banking companiesÂ’ population listed in the capital markets of each country in the period of 2013-2017. The results of research on exogenous variables in the first research model of the banking industry in Indonesia, Capital Adequacy Ratio (CAR), Loan To Deposit Ratio (LDR), Non Performing Loans (NPL) hadno partially significant effecton ROA. Net Interest Margin (NIM), Operational Costs on Operational Revenues (BOPO), Interest Rate, Exchange Rate (Rate)had a significant effect on ROA. In the second research model in Indonesia, the Capital Adequacy Ratio (CAR), Loan ToDeposit Ratio (LDR) had no partially significant effect on Stock Returns. NonPerforming Loan (NPL), Net Interest Margin (NIM), Operational Costs on Operational Revenues (BOPO), Interest Rate, Exchange Rate (Rate), had a partially significant effect on Stock Return, and Intervening Variable ROA had a significant effect or mediating on Stock Return. The research results on exogenous variables in the first research model of the banking industry in Malaysia, CAR, BOPO, Interest Rate, and Exchange Rate did not have a partially significant effect on ROA. In the second research model in Malaysia, CAR, LDR, NIM, BOPO, Interest Rate, and Exchange Rate had a partially significant effect on Stock Return, whilst NPL had no significant effect on Stock Returns as well as Intervening Variable ROA did not mediate on Stock Returns.
Key words: Capital Adequacy Ratio (CAR), LoanTo Deposit Ratio (LDR), Non Performing Loan (NPL), Net InterestMargin (NIM), Operational Costs on Operational Revenues (BOPO), Interest Rate, Exchange Rate (Rate),Return on Assets (ROA), Return Saham (Stock Return), Learning and Education Perspective.
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