PERANAN INFLASI DALAM MEMODERATOR PENGARUH FUNDAMENTAL PERUSAHAAN TERHADAP HARGA SAHAM

  • Elly Susanti Sekolah Tinggi Ilmu Ekonomi Sultan Agung
  • Astuti Astuti Sekolah Tinggi Ilmu Ekonomi Sultan Agung
  • Khairul Azwar Sekolah Tinggi Ilmu Ekonomi Sultan Agung
Keywords: stock price, inflation, ROA, CR, DAR.

Abstract

The average stock price of the majority of Consumer Goods Industry Companies during the period 2015-2019 tends to decrease. One of the factors affecting the decrease stock price is the company's fundamentals including ROA, CR and DAR. However, the company's fundamentals are likely to increase. Meanwhile, judging by macro factors, the inflation rate has decreased. Based on this, the purpose of this research is to examine and analyze the role of inflation in modulatoring the company's fundamental influence on the stock price of Consumer Goods Industry Companies listed on the Indonesia Stock Exchange for the period 2015 - 2019. The type of research used in this research is quantitative research. The implementation of the research was carried out on thirty-one Consumer Goods Industry Sector Companies during the period 2015-2019 using purposive sampling techniques so that samples are used as many as 16 companies. Data collection techniques using documentation. The data analysis techniques used in this research are descriptive statistical analysis, classic assumption test, Moderated Regression Analysis (MRA), and hypothesis testing. The results obtained are known that simultaneously ROA, CR and DAR have a significant effect while partially CR has a negative and significant effect, meaning that when CR increases resulting from the current build-up of assets result in a decrease in the stock price. DAR has no effect meaning that the increase and decrease in the share price is not influenced by DAR while ROA has a positive and significant effect, meaning that when the company's ability to make a profit using the company's total assets increases then investors are interested to invest in the company thus the stock price will increase. Meanwhile, inflation has no role in the influence between the company's fundamentals and the stock price.

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Published
2020-11-26