PENGARUH FAKTOR EKONOMI MAKRO DAN KINERJA PERUSAHAAN TERHADAP RESPON INVESTOR

Abstract

This research aimed to examine and find out the effect of macro economy and company performance on the investors response. While, the macro economy was consist of inflation, exchange rate and interest rate; and company performance was measured by Return On Asset (ROA), Debt to Equity Ratio (DER), Price Earning Ratio (PER), and Earning Per Share (EPS). Moreover, the investors response was referred to the shares return.The data was secondary, which is the form of inflation, exchange rate, interest rate from Bank Indonesia, and company annual financial statement. Moreover, the Property and Real Estate companies as sample during 2013-2017. In addition, the data analysis technique used multiple linear regression with SPSS 20 (Statistical Product and Service Solutions). The research result concluded Debt to Equity Ratio (DER), Inflation, Exchange Rate had positive effect on the shares return. On the other hand, interest rate had negative effect on the shares return. Furthermore, Return On Asset (ROA), Price Earning Ratio (PER), and Earning Per Share (EPS) didn’t affect on the shares return.
Keywords : financial performance, inflation, exchange rate, interest rate, shares return.