PENGARUH NILAI TUKAR, TINGKAT INFLASI, DAN TINGKAT SUKU BUNGA TERHADAP HARGA SAHAM LQ45

Abstract

This research aims to examine the influence of exchange rate, inflation rate, and interest rate on stock prices at banking companies in LQ45 during the periodof 2013-2017. The data used in this research is secondary data from Investment Gallery Indonesia Stock Exchange – STIESIA.The population in this research are 45 companies which listed in LQ45, while the sample is obtained by using purposive sampling method based on predetermined criteria, so that obtained sample of 6 banking company ( BCA, BNI, BRI, BTN,BJBR, and Mandiri). Stock price as dependent variable, while exchange rate, inflation rate, and interest rate as independent variable. Methods of data analysis using multiple linear regression analysis.The result showed that the exchange rate, inflation rate, inflation rate, and interest rate had significant influence on stock prices. Partially indicates that the exchanges rate, inflation rate and interest rate are significantly different to the stock price.
Keywords :exchange rate, inflation rate, interest rate, and stock price