JAAF (Journal of Applied Accounting and Finance)
Vol 1, No 1 (2017): JAAF Journal of Applied Accounting and Finance

ANALYSIS OF MACROECONOMIC FACTORS AFFECTING SHARE PRICE OF PT. BANK MANDIRI Tbk

Camalia Zahra (President University,)



Article Info

Publish Date
28 Nov 2019

Abstract

This research is aims to investigate the affect of selected macroeconomic factors toward share price volatility either partially and simultaneously by shrinking the scope of research in commercial bank, specifically in PT. Bank Mandiri Tbk., Indonesia. Multiple regression analysis is applied in this research to construct a quantitative model that will show the research objective. The result indicates that only inflation rate which has no significant affect. Instead, three macroeconomic factors comprise of BI rate, USD exchange rate, and unemployment rate are significantly affecting share price of Bank Mandiri. The regression model show that these four factors affecting share price simultaneously with the value of adjusted R square 0.547. It indicates that 54.7% share price of Bank Mandiri could be explained by these factors while the remaining of 45.3% might be explained by other factors outside the research.  

Copyrights © 2017






Journal Info

Abbrev

JAAF

Publisher

Subject

Economics, Econometrics & Finance

Description

JAAF Journal of Applied Accounting and Finance is a biannual double blind peer reviewed journal published in two period, March and September. This professional journal devoted to the development of accounting and financial disciplines both in theory and practice. The policy of the journal is to ...