PENGARUH INFLASI, KURS, CR DAN ROE TERHADAP HARGA SAHAM PADA PERUSAHAAN PERTAMBANGAN LOGAM

Abstract

The purpose of this research is to know and to test the influence of external factors which have been measured by inflation, exchange rates, and internal influence which has been measured by current ratio and return on equity to the stock price. This research is has been conducted by selecting objects on metal mining companies which are listed in Indonesia Stock Exchange (IDX) in 2013-2016 periods. This research method has been performedby using multiple linear regressions analysis whereas inflation, exchange rates, current ratio, return on equity as the independent variable. Stock price is a dependent variable. The 22nd version of the SPSS has been appliedin managing this research data. The sample collection method has been run by usingpurposive sampling method in which the sample collectionis based on certain criteria. The data in this research has been obtained from financial statements and financial performances in 2013, 2014, 2015, and 2016 periods. Then the companies which have been studied in this research are Metal Mining Companieswhich arelisted in Indonesia Stock Exchange (IDX). Based on the result of examination which has been done by using Model Feasibility Test (F-test), it has been found that the rates of inflation, exchange rates, current ratio, and return on equity give significant influence to the stock price. Meanwhile, the result of t test analysis states that only current ratio which give significant influence to the stock price and other variablesi.e. inflation rate, foreign exchange rates, and return on equitydo not giveany significant influence to the stock price of Metal Mining Companies which are listed in Indonesia Stock Exchange in 2013-2016 periods.
Keywords: Stock price, inflation, exchange rates, current ratio and return on equity.