PENGARUH VARIABEL FUNDAMENTAL DAN NON-FUNDAMENTAL TERHADAP HARGA SAHAM PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed to examine the effect of fundamental {Debt to Asset ratio (DAR) and Fixed Asset Turnover (FAT)} and non-fundamental (inflation and interest rate) on stock price of companies which were listed on Indonesia Stock Exchange (IDX). Moreover, the stock price was measured by stock return in the end of year. The population was companies which belonged to Index of 30 from February 2016 until January 2020, where the duration was 4 years. Furthermore, the data collection technique used purposive sampling, in which there where 2 criteria given. Additonally, there were 15 companies as the sample with a total of 60 data. While the research was causal-comparative with a quantitative approach. In addition, the data analysis technique used multiple linear regresion with SPSS 25. The result concluded that inflation did not affect stock price, interest rate had a negative and significant effect on stock price. In contrast, Debt to Asset Ratio (DAR) and Fixed Asset Turnover (FAT) did not affect stock price.
Keyword : inflation, interest rate, Debt to Asset Ratio (DAR), Fixed Asset Turnover (FAT), stock price