PENGARUH PROFITABILITAS, NILAI TUKAR MATA UANG DAN TINGKAT INFLASI TERHADAP HARGA SAHAM

Abstract

This research aimed to examine and find out the effect of profitability, exchange rate, and inflation level on the shares price of banking companies which were listed on Indonesia Stock Exchange 2015-2017. The sample of this research were 16 banking companies that were listed in Indonesia Stock Exchange at 2015-2017 period. Then, purposive sampling was used as the sampling technique. Test tool used SPSS statistic test tool version 20 that was used to test, classic test assumption, multiple linear regressions analysis test, feasible test model and hypothesis test. This test results showed that; (1) profitability has a significant positive effect on stock prices, because increasing profits can attract investors to invest and lead to increasing stock prices in the banking sector; (2) currency exchange rates have a positive and insignificant effect on stock prices; (3) the inflation rate has a positive but not significant effect on stock prices. Increasing currency exchange rates and inflation cannot be used as a basis for determining the rise and fall of stock prices as inflation increases causing a decline in stock prices while increasing exchange rates give an increase in stock prices but does not affect too much and vice versa
Keyword: profitability, exchange rate, inflation level, shares price.