PENGARUH VARIABEL MAKRO EKONOMI TERHADAP HARGA SAHAM PADA SEKTOR PERBANKAN

Abstract

This research aims to examine the influence of macroeconomic variables such as inflation, interest rate and rupiah exchange rate on stock prices at banking companies which listed in the BEI in 2013 – 2016. The type of research used is causal comparative research. The data collected is secondary data that is collected by other party in this case are Indonesia Stock Exchange (IDX) and Bank Indonesia (BI). The population in this research are 42 banking companies, while the sample is obtained by purposive sampling method to get 15 company samples. The analysis method used in this research is multiple linear regression analysis using SPSS (Statistical Product and Service Slutions) application tool. The results indicate that the movement of banking stock prices depends on the rise and fall of inflation, interest rate and rupiah exchange rate. The result of hypothesis testing shows that inflation has negative and significant influence on stock price, interest rate has negative but not significant influence on stock price, Rupiah exhange rate has positive anf significant influence to stock price
Keywords : inflation, interest rate, rupiah exchange rate and stock price