PENGARUH RISIKO SISTEMATIK, KURS, INFLASI, BUNGA TERHADAP HARGA SAHAM PADA PERUSAHAAN MANUFAKTUR

Abstract

This research is meant to find out the influence of systematic risk, current exchange, inflation and
interest rates to the stock price. The samples of this research are manufacturing companies which are
engaged in the field of mining industry which are listed in Indonesia Stock Exchange in 2012-2014
periods. The sample collection technique has been done by using purposive sampling method, and the
samples are 16 companies. The statistic test method has been done by using multiple linear regression
analysis. The independent variables in this research are systematic risk (beta), current exchange,
inflation and interest rates. The dependent variable is Stock price.The result of this research shows that
systematic risk (beta), inflation have significant and positive influence to the stock price. Meanwhile,
current exchange and interest rates have significant and negative influence to the stock price. It can be
seen from the result of partial coefficient determination and it can be concluded that the variable which
has dominant influence to the stock price is systematic risk because its partial coefficient determination
is bigger than other independent variables.

Keywords: beta, exchange, inflation, rates, stock.