PENGARUH INFLASI, PERTUMBUHAN EKONOMI, PERTUMBUHAN PENJUALAN, DAN PROFITABILITAS TERHADAP HARGA SAHAM

Abstract

This research aimed to examine the effect of inflation, economic growth, sales growth, and profitability on stock
price. While, the population was 53 Property and Real Estate companies which were listed on Indonesia Stock
Exchange (IDX) during 2014-2018. Meanwhile, economy growth was referred to Product of Domestic Bruto
(PDB) and profitability was referred to Return On Asset (ROA). The data collection technique used purposive
sampling, in which the sample was based on criteria given. In line with, there were 29 Property and Real Estate
companies as sample. Moreover, the data analysis technique used multiple liner regression. The research result
concluded inflation had positive effect on stock price of Property and Real Estate companies. Likewise, Product of
Domestic Bruto (PDB) as well as sales growth had positive effect on stock price of Property and Real Estate
companies. Similarly, return on asset had positive effect on stock price of Property and Real Estate companies. In
brief, those variables would become direct factors for investors to buy stock at Property and Real Estate companies.
Keyword: stock price, inflation, product of domestic bruto, sales growth, return on asset.