PENGARUH INFLASI, SUKU BUNGA, NILAI TUKAR DAN PERTUMBUHAN PDB TERHADAP HARGA SAHAM

Abstract

As shares price fluctuates from time to time, it can reflect company’s ability to earn some profits. This is effected by some factors, included the company’s external factors. Moreover, the research aimed to examine and analyze the effect of inflation, interest and exchange rates and GDP growth on the shares price. Furthermore, the population was 18 food and beverage companies which were listed on Indonesia Stock Exchange 2013-2017. The research was quantitative. While, the data collection techniques used purposive sampling. In line with, there were 11 samples. In addition, the data analysis technique used multiple linear regression with SPSS 22. The research result conclude inflation had positive but insignificant effect on the shares price. On the other hand, interest rates had negative and significant effect on the shares price. Meanwhile, the exchange rate and PDB growth had negative but insignificant effect on the shares price of food and beverages companies which were listed on Indonesia Stock Exchange 2013-2017.

Keywords : shares price, inflation, interest rates, exchange rates, pdb growth