PENGARUH INFLASI, SUKU BUNGA, DAN KURS TERHADAP NILAI PERUSAHAAN

Abstract

This research is aimed to examine the influence of inflation, interest rate and exchange value to the firm value. In order to analyze the influence of the variables, the analysis technique has been carried out by using multiple regressions analysis, and t test. The population of this research is used Indonesia Sharia Stock Index (ISSI) company which is listed in Indonesia Stock Exchange in 2011 until 2016 periods. The result of this research shows that (1) Inflation does not give any significant influence, which means the investor inflation point of view does not influence the value of the company because investors pay more attention to how the company produces high profits, therefore it will produce a high return for investors, (2) Interest rate does not give any significant influence, it means that if interest rates rise then not accompanied by rising demand for stocks, because investors will choose to save their funds in the Bank rather than buying stocks. (3) Interest rate gives significant influence, it means that the influence of the dollar exchange rate against the rupiah indicates that the strengthening of the dollar exchange rate against the rupiah can result in an increase in firm value.
Keywords : Inflation, interest rate, exchange, firm value.