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

Abstract

The open, orderly, and well-organized capital market mechanism has made more conducive environment for
investors to make realistic decisions. The capital market is the most effective media to distribute and to invest
fund which gives productive impact and benefit to the investors. The company can obtain from various sources
of funding in the form of owner capital, company profit, loan, retained earnings and the sale of stock for
investors. This research is meant to examine the partial influence of inflation rate, interest rate and exchange
rate to the stock price. This research is a quantitative research which has been done by using descriptive statistic
method and the sample collection technique has been done by using purposive sampling. The data is the
secondary data with the total samples of 9 Banking companies which are listed in Indonesia Stock Exchange.
Meanwhile, the analysis technique has been carried out by using multiple linear regressions analysis. Based on
the result of model feasibility test, it has been found that inflation rate, interest rate, and exchange rate give
significant influence to the stock price. The result of the t test shows that inflation rate, interest rate, and
exchange rate give positive and significant influence to the stock price.
Keywords: Inflation rate, interest rate, exchange rate and stock price.