PENGARUH STRUKTUR MODAL, KINERJA KEUANGAN DAN NILAI TUKAR RUPIAH TERHADAP HARGA SAHAM

Abstract

This research aimed to examine the effect of implementation of capital structure,Earning Per Share (EPS),
Return On Equity (ROE) and rupiahs exchange rate on stock price of Real Estate and Property which were
listed on Indonesia Stock Exchange (IDX) during 2016-2018. While, the population was Real Estate and
Property companies which were listed on Indonesia Stock Exchange. Moreover, the data collection technique
used purposive sampling, in which the sample was based on criteria given. In line with, there were 34 samples
with 102 observations. Furthermore, the data analysis technique used multiple linear regression. The research
result concluded capital structure had insignificant effet on stock price. This meant, the change of stock price was
affected by some unclear factors which outside the research. Earning Per Share had positive and significant effect
on stock price. It meant, the higher Earning Per Share, the higher the stock price would be. On the other hand,
Return On Equity had negative and significant effect. In other words, the lower Return On Equity, the higher
the stock price was. Meanwhile, rupiahs exchange rate had insignificant effect on stock price. This meant, the
change of stock price was affected by other factors except exchange rate.
Keyword: capital structure, earning per share, return on equity, rupiah’s exchange rate, stock price