PENGARUH KINERJA KEUANGAN DAN FAKTOR EKONOMI MAKRO TERHADAP HARGA SAHAM SAAT PANDEMI COVID-19

Abstract

This research aimed to examine the effect of financial performance which was measured by Return On Asset (ROA), Earning Per Share (EPS), and Debt to Equity Ratio (DER). While macro economy was measured by exchange rate and interest rate on stock price during pandemic of Covid-19. The research was quantitative. Moreover, the population was Real Estate and Property companies which were listed on Indonesia Stock Exchange (IDX) during first quarterly 2020-third quarterly 2021. Furthermore, the data collection technique used purposive sampling. In line with that, there were 11 companies with 77 observations as the sample. The research result concluded that ROA and EPS had a significant effect on stock price. On the other hand, DER, Exchange Rate, and Interest Rate had an insignificant effect on stock price. This showed that investors were not considering the amount of DER in order to invest their money. Additionally, the decrease of exchange rate and interest rate did not affect investors in investing their capital in the stock.