PENGARUH INFLASI, NILAI TUKAR RUPIAH, SUKU BUNGA, DAN PROFITABILITAS TERHADAP RETURN SAHAM PERUSAHAAN CONSUMER GOODS INDUSTRY YANG TERDAFTAR DI BEI TAHUN 2013 – 2017
DOI:
https://doi.org/10.33061/jeku.v19i3.4512Abstract
The purpose of this research was to analyze the significance of the effect of Inflation, Rupiah Exchange Rates (Kurs), Interest Rates (BI Rate), and ROA on the Stock Returns Of Consumer Goods Industry Companies listed on Indonesia Stock Exchange in the period of 2013 - 2017. The population in this research ware all Consumer Goods Industry Companies listed on the Indonesia Stock Exchange in the period 2013 -2017 wich amounted to 49 companies, the number of sample use in this research were 23 companies, with the sampling technique using purposive sampling method. The data analysis technique use in this research is a Classical Assumption Test, Analysis of Multiple Linear Regression, t-Test, F-test, dan Determination Coefficient. The reuslts obtained in this research inicate that partially Inflation dan Interest Rate (BI Rate) variabels have a negative and not significant effect on Stock Returns, and the Exchange Rate of Rupiah (Kurs) and ROA variabels have a positive and significant effect on Stock Returns. Simultaneously Inflation, Rupiah Exchange Rate, Interest Rate (BI Rate), and ROA have a Significant Effect influance Stock Returns.References
Badan Pusat Statistik. BI Rate, 2005 - 2019. melalui
https://www.bps.go.id/dynamictable/2015/12/22/1061/bi-rate-2005-2019.html diaskes pada 16 Oktober 2018.
Badan Pusat Statistik. Indeks Umum, Inti Harga yang diatur Pemerintah, dan Barang Bergejolak Inflasi Indonesia, Januari 2009 – Desember 2013, Januari 2014 – Desember 2017 (2012 = 100), Januari – September 2018 (2012 = 100). melalui https://www.bps.go.id/statictable/2012/02/02/908/inflasi-umum-inti-harga-yang-diaturpemerintah-dan-barang-bergejolak-inflasi-indonesia-2009-2018.html diaskes pada 16 Oktober 2018.
Badan Pusat Statistik. Kurs Tengah Beberapa Mata Uang Asing terhadap Rupiah di Bank Indonesia dan Harga Emas di Jakarta (Rupiah), 2000 - 2018. melalui https://www.bps.go.id/dynamictable/2015/09/29/952/kurs-tengah-beberapa-mata-uangasing-terhadap-rupiah-di-bank-indonesia-dan-harga-emas-di-jakarta-rupiah-2000-2018.html diaskes pada 16 Oktober 2018.
Bank Indonesia. Peran Bank Indonesia dalam Stabilitas Keuangan. melalui https://www.bi.go.id/id/perbankkan/ssk/peran-bi/peran/contents/default.aspx diaskes pada 18 September 2018.
Bursa Efek Indonesia. Laporan Keuangan dan Tahunan Perusahaan Tercatat. melalui https://www.idx.co.id/perusahaan-tercatat/laporan-keuangan-dan-tahunan/ diaskes pada 16
Oktober 2018.
Ghozali, Imam. 2011. Aplikasi Analisis Multivariate dengan Program IBM SPSS 19. Edisi. Kelima. Badan Penerbit Universitas Diponegoro. Semarang.
Hanafi, Mamduh M. 2017. Manajemen Keuangan. Edisi. Kedua. BPFE. Yogyakarta.
Hidaya, dan Topowijono. 2018. “Pengaruh Inflasi, BI Rate, dan Nilai Tukar terhadap Return Saham (Studi pada Perusahaan Subsektor Food & Beverages yang Terdaftar di Bursa Efek Indonesia Periode 2013 - 2016)â€. Jurnal Administrasi Bisnis. Vol. 61, No. 2, Agustus,
hlm. 144 - 151.
Kementerian Perindustrian. 2013. Manufaktur Ditompang Sektor Barang Konsumsi. melalui http://www.kemenperin.go.id/artikel/7014/Manufaktur-Ditompang-Sektor-BarangKonsumsi diaskes pada 18 September 2018.
La Rahmad, Djoko, dan Musdalifah. 2017. “Pengaruh Inflasi dan Suku Bunga dan Nilai Tukar Rupiah serta Jumlah Uang Beredar terhadap Return Sahamâ€. Jurnal Ekonomi Bisnis. Vol. 19, No, 2, hlm. 148 - 154.
M. Adnan, dan Aldilla. 2018. “Efek Inflasi, Tingkat Suku Bunga, Nilai Tukar Rupiah, Rasio Tingkat Pengembalian Aset (ROA), dan Rasio Tingkat Pengembalian Utang (DER) terhadap Return Sahamâ€. Jurnal Manajemen. Vol. 5, No. 3, Desember, hlm. 3088 - 3095.
Mendy, dan Posma. 2017. “Pengaruh Variabel - variabel Ekonomi Makro: Nilai Tukar Rupiah / USD, BI Rate, Inflasi, dan Harga Minyak Dunia terhadap Return Saham Sektor Manufaktur Periode 2006 - 2015â€. Jurnal Manajemen Keuangan. Vol. 2, No. 2, hlm. 115 - 129.
Sidharta, dan Yoga. 2018. “Pengaruh Inflasi, Kurs Valuta Asing, dan Tingkat Suku Bunga SBI terhadap Return Saham (Studi Kasus pada Perusahaan Sektor Properti yang Terdaftar di Bursa Efek Indonesia Tahun 2013 - 2016)â€. Jurnal Management. Vo. 5, No. 2, Agustus, hlm. 2172 - 2179.
Sugiyono. 2017. Metode Penelitian Bisnis Pendekatan Kuantitatif, Kualitatif, Kombinasi, dan R & D. Edisi. Ketiga. Alfabeta. Bandung.
Tandelilin, Eduardus. 2017. Pasar Modal Manajemen Portofolio dan Investasi. Kanisius. Yogyakarta.
Tandellilin, Eduardus. 2010. Portofolio dan Investasi Teori dan Aplikasi. Kanisius. Yogyakarta.
Downloads
Published
Issue
Section
License
Copyright (c) 2020 Suci Mardina, Suprihatmi Sri Wardiningsih, Suprihatmi Sri Wardiningsih, Edi Wibowo, Edi Wibowo
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Authors who publish this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors can separately make additional contractual arrangements for non-exclusive distribution published by the journal (e.g., publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are allowed and encouraged to send their work via online (e.g., in the institutional repositories or their website) after published by the journal.