PENGARUH FAKTOR FUNDAMENTAL DAN VARIABEL MAKRO TERHADAP RETURN SAHAM

Abstract

This research aims to examine and analyzed: (1) the effectiveness of return on assets on the stock price, (2) The
effect of current ratio on the stock price, (3) The effect of earning per share on the stock return, (4) The effect of
inflation on the stock return, and (5) the effect of interest rate on the stock price. The study applies
quantitatively. Furthermore, the population consisted of Food and beverages companies listed on the Indonesia
Stock Exchange (IDX) during 2021-2023. The data collection technique used purposive sampling with 90
samples from 30 companies. Moreover, there were outlier data after the data processing. Therefore, 88 data were
processed. The research data analysis technique used multiple linear regression with SPSS (Statistical Product
and Service Solutions) 24 version. The result shows that: (1) Return On Asset (ROA) has a positive effect on the
stock return, (2) Current Ratio (CR) has an insignificant effect on the stock return, (3) Earning Per Share (EPS)
has a positive effect on the stock return, (4) Inflation (IFL) has an insignificant effect on the stock return, and (5)
interest rate (RATE) has an insignificant effect on the stock return.