PENGARUH INFLASI, SUKU BUNGA, KURS, ROA, DER TERHADAP RETURN SAHAM
(STUDI KASUS PADA SUBSEKTOR TELEKOMUNIKASI YANG TERCATAT DI BURSA EFEK INDONESIA PERIODE 2018-2021)
Keywords:
Inflation, Interest Rates, Exchange Rates, ROA, DER, and Stock ReturnsAbstract
This study aims to determine and analyze the effect of inflation, interest rates, exchange rates, ROA and DER on stock returns. The population in this study were telecommunications companies on the Indonesia Stock Exchange (IDX) in 2018-2021. The sampling method uses Purposive Sampling technique using the criteria Telecommunication sub-sector companies listed on the IDX during 2018-2021, not new IPO companies in 2018 and thereafter, companies that publish financial reports or financial reports can be downloaded and use rupiah currency in bookkeeping. The analysis used in this research is multiple linear regression analysis.
Based on the research results that (1) Inflation have a negative effect on on stock returns. (2) Interest rates have a significant negative effect on stock returns. (3) Exchange rate have negative effect on on stock returns. (4) ROA has a positive and insignificant effect on stock returns. (5) DER has a negative and insignificant effect on stock returns.
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