PENGARUH KINERJA KEUANGAN DAN EKONOMI MAKRO TERHADAP HARGA SAHAM PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DIBURSA EFEK INDONEISA

Abstract

This research animed to examine the effect of financial performance and macro economy on the company’s share
price, which were listed on Indonesia Stock Exchange. The data collection technique used purposive sampling, in
which the samples were taken form company’s financial statement. In line with, there were 162 financial
financial statements form 2014-2017 as sample. Moreover, the data analysis technique used multiple regression
with Statistical Product and Service Solution (SPSS) 23. The research result concluded, as follows: (a) Return
On Equity had positive effect on the shares price, (b) Debt Equty Ratio had positive effect on the shares price, (c)
Earning Per Share had insignificant effect on the shares price, (d) Price Earning Ratio had insignificant effect on
the shares price. (e) Devidend Per Share had positive effect on the shares price, (f) interest rate had insignificant
effect on the shares price, (g) exchange rate had insignificant effect on the share price. In brief, with the adjusted
R square of 0,313 or for about 31,3% affected its independent variables and the rest of 68,4% was influenced by
other variabels.
Keywords: financial performance, macro economy, share price