scholarly journals PENGARUH INFLASI, SUKU BUNGA DAN NILAI TUKAR TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA PADA PERIODE 2013-2016

2019 ◽  
pp. 101-113
Author(s):  
Hotmauli Sitanggang ◽  
Kornel Munthe
Keyword(s):  
Exchange Rate ◽  
Data Analysis ◽  
Exchange Rates ◽  
Interest Rates ◽  
Stock Returns ◽  
Stock Exchange ◽  
Secondary Data ◽  
Manufacturing Companies ◽  
Testing Hypotheses ◽  
Analysis Technique

This study aims to analyze and determine the effect of inflation, interest rates and exchange rates on stock returns on manufacturing companies that go public on the Indonesia Stock Exchange in the 2013-2014 period. The population in this study were 149 companies that went public on the Indonesia Stock Exchange in 2013-2016. By using the Slovin method, a sample of 60 companies was obtained. This type of data is secondary data obtained by documentation techniques. The data analysis technique used is multiple linear regression by testing hypotheses using F and t. The results showed that partially inflation and interest rates had a negative and insignificant effect on stock returns while the rupiah exchange rate had a positive and significant effect on stock returns. Simultaneously that the variables of inflation, interest rates and exchange rates have a significant effect on stock returns on manufacturing companies that go public on the Indonesia Stock Exchange. The amount of variation in inflation, interest rates and exchange rates is only able to explain variations in stock returns by 4.4 percent, while the remaining 95.6 percent is explained by other variables outside of this research variable.

scholarly journals PENGARUH VARIABEL MAKRO EKONOMI TERHADAP HARGA SAHAM DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA

2020 ◽  
pp. 247259
Author(s):  
Kornel Munthe ◽  
Caisar J Harefa
Keyword(s):  
Exchange Rate ◽  
Gross Domestic Product ◽  
Exchange Rates ◽  
Interest Rates ◽  
Stock Prices ◽  
Stock Exchange ◽  
Secondary Data ◽  
Total Sample ◽  
Domestic Product ◽  
Manufacturing Companies

The purpose of this study is to influence the effect of exchange rates, interest rates, inflation and Gross Domestic Product on stock prices with profitability as an intervinig variable in manufacturing companies on the Indonesia Stock Exchange. This type of research is explanatory. The population in this study were all manufacturing companies listed on the Indonesia Stock Exchange as many as 159 companies with a total sample of 61 companies. The type of data used is secondary data collected by documentation techniques. The results showed that the exchange rate had a negative and significant effect on profitability, SBI interest rates, inflation and Gross Domestic Product partially had a positive and significant effect on profitability, exchange rate variables, SBI interest rates, inflation and Gross Domestic Product simultaneously had a significant effect on profitability, exchange rates and SBI interest rates partially have a negative and significant effect on stock prices, inflation, and Gross Domestic Product and Return on Assets have a positive and significant effect on stock prices, and exchange rate variables, SBI interest rates, inflation, and Domestic Product Gross and profitability simultaneously have an effect and are significant on stock prices.

scholarly journals Impact of Inflation, Interest Rates and Return Exchange Rates on Pharmaceutical Companies on the IDX

2020 ◽  
Vol 1 (2) ◽  
pp. 111-117
Author(s):  
Mayroza Wiska ◽  
Fenisi Resty
Keyword(s):  
Exchange Rate ◽  
Data Analysis ◽  
Interest Rate ◽  
Exchange Rates ◽  
Interest Rates ◽  
Stock Returns ◽  
Inflation Rate ◽  
Stock Exchange ◽  
Pharmaceutical Companies ◽  
The Interest Rate

Abstract In this study, researchers have conducted research at PT. Indonesia stock exchange. The purpose of this study was to determine the effect of inflation, exchange rates and interest rates on stock returns in pharmaceutical companies listed on the Indonesia Stock Exchange. By taking secondary data in the 2010-2014 period. Data analysis in this study used the classical assumption test, t-test analysis and f-test, while the overall data analysis used a computer with SPSS version 21 software.The results of this study concluded that: (1) the inflation rate partially has a positive and significant effect on stock returns in pharmaceutical companies listed on the Indonesia Stock Exchange, (2) the exchange rate partially does not have a significant effect on stock returns in listed pharmaceutical companies. in the Indonesia Stock Exchange, (3) the interest rate partially does not have a significant effect on stock returns in pharmaceutical companies listed on the Indonesia Stock Exchange, (4) the inflation rate, the exchange rate, the interest rate simultaneously influence stock returns. in pharmaceutical companies listed on the Indonesia Stock Exchange.Suggestions for companies should pay more attention to financial performance factors, both as measured by profitability and the market in determining share prices. This study can further use other methods that may be better than the variable analysis used in this study, for example logistic analysis.

scholarly journals Pengaruh Tingkat Suku Bunga, Inflasi Dan Nilai Kurs Terhadap Harga Saham Perusahaan Perhotelan Yang Terdaftar Di Bursa Efek Indonesia Per Triwulannya Periode 2016-2018

2021 ◽  
Vol 4 (2) ◽  
pp. 871-877
Author(s):  
Rahmat Dewa Bagas Nugraha ◽  
H.M Nursito
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Exchange Rates ◽  
Interest Rates ◽  
Quantitative Study ◽  
Stock Prices ◽  
Stock Exchange ◽  
Secondary Data ◽  
Ratio Analysis ◽  
The Interest Rate

This study aims to determine and analyze the factors that affect stock prices through appropriate ratio analysis. As for the ratio of interest rates, inflation and exchange rates. Researchers want to know and analyze the effect partially or simultaneously between interest rates, inflation, and exchange rates on stock prices. This research is a quantitative study using secondary data. The object of this research is hotel companies listed on the Indonesia Stock Exchange for the period 2016-2018. The sample used in this study were 3 hotel with certain characteristics. The results of research simultaneously using the F test show that there is no influence between interest rates, inflation and exchange rates on stock prices because the calculated value is smaller than the table. Partially with the t test it can be concluded that there is no influence between interest rates on stock prices because the tcount value in the interest rate variable is smaller than the t table. Likewise, the t calculation of inflation and the exchange rate is smaller than the t table, so that there is no partial effect of the two variables on stock prices. Keywords: Stock Prices, Interest Rates, Inflation and Exchange Rates

scholarly journals The Effect of Macro Economic Variables on Stock Return of Companies That Listed in Stock Exchange: Empirical Evidence from Indonesia

2019 ◽  
Vol 14 (8) ◽  
pp. 108
Author(s):  
Aminullah Assagaf ◽  
Etty Murwaningsari ◽  
Juniati Gunawan ◽  
Sekar Mayangsari
Keyword(s):  
Interest Rates ◽  
Stock Returns ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Secondary Data ◽  
Foreign Exchange Rates ◽  
Macroeconomic Variables ◽  
Analysis Technique ◽  
Inflation Rates

This study aims to analysis the effect of macroeconomic variables on the overall return of company shares which is a proxy with changes in the composite stock price index. This study uses secondary data in a period of 20 months from November 2016 to June 2018. While the analysis technique uses multiple linear regression This study found that macroeconomic variables consisting of inflation rates, interest rates, money supply, and foreign exchange rates, stock returns have a significant effect on companies on the Indonesia Stock Exchange.

scholarly journals The Impact of Tax, Exchange Rate, Tunneling Incentive and Firm Size on Transfer Pricing (Empirical Study of Manufacturing Companies Listed on the Indonesian Stock Exchange for Years2014-2018)

2019 ◽  
Vol 1 (2) ◽  
pp. 149-166
Author(s):  
Felicia Vanessa Wijaya ◽  
Luky Patricia Widianingsih
Keyword(s):  
Exchange Rate ◽  
Firm Size ◽  
Stock Exchange ◽  
Transfer Pricing ◽  
Secondary Data ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Factors Affecting ◽  
Analysis Technique ◽  
The Impact

Abstract: In the era of globalization, companies are developing into multinational companies that establish branches or subsidiaries in various countries. This globalization has given an impact to increase international transaction. These transactions could lead to transactions with related parties that shows an indication of transfer pricing. Along with the development of globalization, factors affecting transfer pricing are not only derived from taxes, but also from other factors. The purpose of this research is to examine the effect of tax, exchange rate, tunneling incentive, and firm size on transfer pricing. This research used secondary data in the form of annual reports published on the Indonesia Stock Exchange. Population of this research was manufacturing companies for years 2014-2018 and by purposive sampling method, a sample of 19 manufacturing companies was obtained. Analysis technique used on this research was a multiple linear regression using SPSS 23 application. The result shows that tax, tunneling incentive, firm size have significant effect on transfer pricing, while exchange rate does not take any effect on transfer pricing. Adjusted R2 determination coefficient of 32,8% shows transfer pricing is affected by tax, exchange rate, tunneling incentive, and firm size, while remaining 67,2% is affected by other variables outside research model. Keywords: Transfer Pricing; Tax; Exchange Rate; Tunneling Incentive; Firm Size.

scholarly journals The Effect of Company Size, Sales Growth, Profitability and Leverage on Stock Returns in Food and Beverage Companies Listed on the Indonesia Stock Exchange for the 2015-2019 Period

Academia Open ◽  
2021 ◽  
Vol 4 ◽  
Author(s):  
Nurul Ajizah ◽  
Sarwenda Biduri
Keyword(s):  
Data Analysis ◽  
Stock Returns ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Company Size ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
Analysis Method ◽  
Food And Beverage

This study aims to analyze the effect of firm size, sales growth, profitability and leverage on stock returns in food and beverage companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2019 period. The sampling method used is purposive sampling method. The number of companies sampled in this study are 11 Food And Beverage companies listed on the IDX in the 2015-2019 period. The data used is secondary data. The data analysis method used in this study is Eviews 9. The results of this study indicate that there is an effect of company size on stock returns in Manufacturing companies in the Food and Beverage sub-sector listed on the Indonesia Stock Exchange (IDX) for the 2015-2019 period. There is an effect of Sales Growth (Growth) on Stock Returns in Food and Beverage Manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2019 period. Profitability affects stock returns in Food and Beverage Manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2019 period. Leverage has an effect on Stock Returns in Food and Beverage Manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2019 period.

scholarly journals ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI INVESTASI SWASTA DI BEBERAPA NEGARA DI ASEAN

2019 ◽  
Vol 1 (3) ◽  
pp. 679
Author(s):  
Titin Yulida ◽  
Syamsul Amar B ◽  
Melti Roza Adry
Keyword(s):  
Data Analysis ◽  
Exchange Rates ◽  
Interest Rates ◽  
Descriptive Analysis ◽  
Secondary Data ◽  
Private Investment ◽  
Descriptive Research ◽  
Analysis Technique ◽  
Inflation Rates ◽  
The Interest Rate

This study aims to analyze the effects of: interest rates on private investment in ASEAN, inflation rates on private investment in ASEAN, exchange rates on private investment in ASEAN, output on private investment in several countries in ASEAN. This type of research is descriptive research. The data in this study are secondary data. The data analysis technique used is descriptive analysis and inductive analysis and hypothesis t test and f test. The results showed that the interest rate had a positive and not significant effect on private investment (Y), inflation had a negative and not significant effect on private investment (Y), the exchange rate had a negative and significant effect on private investment (Y), and output had a positive and significant effect towards private investment (Y).

scholarly journals The Effect of Company Size, Exchange Rate and Earnings Per Share on Stock Returns

2022 ◽  
Vol 7 (1) ◽  
pp. 1-8
Author(s):  
Elfiswandi Elfiswandi ◽  
Cindy Angela ◽  
Muhammad Fikri Ramadhan
Keyword(s):  
Exchange Rate ◽  
Capital Structure ◽  
Stock Returns ◽  
Firm Size ◽  
Stock Exchange ◽  
Control Variable ◽  
Secondary Data ◽  
Manufacturing Companies ◽  
Earnings Per Share ◽  
Library Research

This study aims to examine and analyze the effect of firm size, exchange rate, earnings per share and capital structure as control variables on stock returns. All manufacturing companies listed on the Indonesia Stock Exchange for the period 2013 – 2017 are the population in this study. By using purposive sampling method, 100 companies were selected as samples in the study. The method of collecting data is library research and secondary data from the official publications of the Indonesia Stock Exchange and the official website of Bank Indonesia. Panel and regression methods are used as an analytical tool in this study. The results obtained in the study are, stock returns are significantly affected by firm size, exchange rates and earnings per share either partially or simultaneously. Meanwhile, when using capital structure as a control variable on stock returns, the results show that the variables of firm size, exchange rate and earnings per share are partially stated to have no significant effect.

scholarly journals Pengaruh Nilai Tukar, Suku Bunga dan Inflasi terhadap Indeks Harga Saham Gabungan

2021 ◽  
Vol 9 (2) ◽  
pp. 11-20
Author(s):  
Paryudi Paryudi
Keyword(s):  
Exchange Rate ◽  
Data Analysis ◽  
Exchange Rates ◽  
Interest Rates ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Purposive Sampling ◽  
Stock Price Index

ABSTRACT   This study aims to determine the effect of exchange rates, Interest Rates Sertificates of Bank Indonesia and inflation on the Composite Stock Price Index in the  Indonesian stock exchange. The sampling technique was purposive sampling. The samples obtained were 60 samples. Based on the results of data analysis, it shows that the exchange rate has a negative and significant effect on the Composite Stock Price Index. Interest Rates Certificates of Bank Indonesia and Inflation has a negative and unsignificant effect on the Composite Stock Price Index. Collectively exchange rate, Interest Rates, Certificate of Bank Indonesia and inflation have a positive and significant effect on the Composite Stock Price Index.   Keywords: Exchange rates, Interest Rates Certificates of Bank Indonesia, inflation and Composite Stock Price Index. ABSTRAK   Penelitian ini bertujuan untuk mengetahui pengaruh Nilai Tukar, Suku Bunga SBI dan Inflasi terhadap Indeks Harga Saham Gabungan di Bursa Efek Indonesia. Teknik pengambilan sampel adalah purposive sampling. Sampel diperoleh sejumlah 60 sampel. Berdasarkan hasil analisis data menunjukan bahwa Nilai Tukar berpengaruh negatif dan signifikan terhadap Indeks Harga Saham Gabungan, Suku Bunga SBI dan Inflasi berpengaruh negatif dan tidak signifikan terhadap Indeks Harga Saham Gabungan. Secara bersama Nilai Tukar, Suku Bunga SBI dan Inflasi berpengaruh positif dan signifikan terhadap Indeks Harga Saham Gabungan. Kata Kunci : Nilai Tukar, Suku Bunga SBI, Inflasi dan IHSG.

scholarly journals The effect of interest rates, exchange rates and capital structure on banking profitability of BUMN and Private Go Public in Indonesia

2021 ◽  
Vol 10 (3) ◽  
pp. 338-351
Author(s):  
Debby Wulandari ◽  
Agus Harjito
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Capital Structure ◽  
Exchange Rates ◽  
Interest Rates ◽  
Quantitative Research ◽  
Secondary Data ◽  
Sampling Technique ◽  
Analysis Technique ◽  
The Interest Rate

This study aims to examine and analyze the influence of interest rates, exchange rates and capital structure on profitability in state-owned and private banking go public in Indonesia. This research is quantitative research based on the study of empirical rational principles. Collecting data using secondary data with purposive sampling technique, the sample consists of Commercial Banks Business Group (BUKU IV) with core capital > Rp 30 trillion. The data analysis technique used panel data regression analysis using EVIEWS version 11 software. The results showed that the interest rate had a positive and significant effect on banking profitability; Exchange Rate has a negative and significant effect on Banking Profitability; Capital Structure has a positive and significant effect on Banking Profitability; Interest Rate, Exchange Rate, and Capital Structure simultaneously have a positive and significant effect on Banking Profitability

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