PENGARUH TINGKAT SUKU BUNGA, INFLASI DAN NILAI TUKAR TERHADAP RETURN SAHAM DI BURSA EFEK INDONESIA
ABSTRACT: Return is a reward
for investor bravery in taking risks on the investment it does. Recurn can
motivate and attract investors to invest. The rate of return earned by
investors is influenced by microeconomic factors and macroeconomic factors. In
this research, factors that influence stock return use macroeconomic factors,
ie, interest rate, inflation, and exchange rate. This study aims to obtain
empirical evidence on the influence of interest rates, inflation and exchange rates
on stock returns. This research was conducted on property and real estate
companies in Indonesia Stock Exchange. The population used is all property and
real estate companies listed on the IDX period 2013-2016. Sample determination
method used is to use saturated samples. Data analysis used is multiple linear
regression test. Based on the results of this study found that the interest
rate has a positive and insignificant effect on stock returns. Inflation has
negative and insignificant effect on stock return, while exchange rate has
negative and significant effect on stock return.
Keywords: interest rate,
inflation, exchange rate, and stock return
Penulis: Ni Kadek Suriyani, Gede
Mertha Sudiartha
Kode Jurnal: jpmanajemendd180124
