PENGARUH VARIABEL MAKRO EKONOMI DAN LEVERAGE TERHADAP KINERJA KEUANGAN PERUSAHAAN

Abstract

This research aimed to find out the effect of economy macro and leverage on company’s financial performance. The
variables of macro economy were measured by rupiahs exchange rate, inflation level and interest rate. While, leverage
was measured by Debt to Equity Ratio (DER). Moreover, the financial variable was measured by Return On Assets
(ROA). The research was quantitive. Meanwhile, the data were taken from Indonesia Stock Exchange (IDX) during
four years (2014-2017). For the data collection technique, it used purposive sampling. In line with, there were 37
samples with 148 obsevation data. In addition, the data analysis technique used multiple linear regression with SPSS
23. The research result, from t test, conclude rupiah exchange rates had positive effect on ROA. On the other hand,
the interest rate and DER had negative effect on the ROA. Furthermore, inflastion level did not affect ROA. Besides,
in accordance with F test, it concluded the macro economy as well as leverage had significant effect on ROA.
Keywords: Rupiah Exchange Rate, Inflation Rate, Interest Rate, Debt to Equity Ratio (DER), Return On Assets
(ROA)