Open AccessPENGARUH INFLASI, KURS, RETURN ON ASSETS DAN RETURN ON EQUITY TERHADAP HARGA SAHAM SEKTOR PERTAMBANGAN DI INDONESIA
Author(s) -
Ayu Kinkin Pandu Nugraha,
Wahyu Hidayat Riyanto,
Syamsul Hadi
Publication year - 2022
Publication title -
journal of financial economics and investment
Language(s) - English
Resource type - Journals
ISSN - 2808-9413
DOI - 10.22219/jofei.v2i1.19297
Subject(s) - inflation (cosmology) , inflation rate , share price , stock price , return on assets , econometrics , equity (law) , economics , return on equity , monetary economics , business , profitability index , stock exchange , finance , interest rate , physics , series (stratigraphy) , paleontology , theoretical physics , law , political science , biology
This study aims to determine the effects of inflation, kurs rupiah, ROA and ROE on stock prices in the mining sector. The data used in this study are secondary data for the period 2016-2020. The dependent variable is the mining stock price, while the independent variables include inflation, kurs rupiah, ROA, and ROE. The Slovin formula was used in the sampling technique. The research method used is panel data regression with the Random Effect Model (REM) as the best chosen model. The results showed that the variables inflation, kurs rupiah, ROA and ROE at the same time, or at least one of them, had a significant impact on share prices in the mining sector. The results of the partial study of the kurs rupiah and the ROE have a positive and significant effect on the share price of the mining sector, while the variables inflation and ROA have a negative and insignificant influence on the share price of the mining sector.