PENGARUH INFLASI, NPM DAN UKURAN PERUSAHAAN TERHADAP RETURN SAHAM PADA INDUSTRI PROPERTY DAN REAL ESTATE

Abstract

This research aimed to find out the effect of inflation, Net Profit Margin (NPM), and firm size on the shares return of Property and Real Estate companies which were listed on Indonesia Stock Exchange. The research was quantitative, While, the sampling collection technique used purposive sampling. Moreover, the sample was 15 out of 48 Property and Real Estate companies which were listed on Indonesia Stock Exchange in five years (2013-2017). Furthermore, the data used annual financial statement which ended on Desember, the 31st 2017; in the form of balance sheet income statement. Besides, it used the economy data which had taken from Bank Indonesia website in 2013-2017. In addition, the data analysis technique used multiple linear regression. The research result concluded the inflation and Net Profit Margin (NPM) had significant and positive effect on the Property and Real Estate companies. On the other hand, the firm size had negative and insignificant effect on the Property and Real Estate companies.
Keywords: inflation, NPM, firm size, shares return