Dinasti International Journal of Economics, Finance & Accounting (DIJEFA)
Vol. 1 No. 2 (2020): Dinasti International Journal of Economics, Finance & Accounting (May - June 20

THE EFFECT OF MACRO ECONOMY AND FINANCIAL PERFORMANCE ON STOCK PRICE WITH EARNING PER SHARE AS THE INTERVENING VARIABLE (A STUDY ON RETAIL TRADING COMPANY IN IDX IN 2011-2018)

Rahadian Rachman, Rendra (Unknown)
Sudjono (Unknown)
Saluy, Ahmad Badawy (Unknown)



Article Info

Publish Date
16 May 2020

Abstract

The present study aimed to analyze a macro economic effect - proxied by BI rate, exchange rate, Foreign Direct Investment (FDI)- and financial performance - proxied by current ratio (CR), net profit margin (NPM), and debt to equity ratio (DER)- on stock price, using Earning per Share (EPS) as the intervening variable. The object of the study was retail company listed on Indonesia Stock Exchange in 2011-2018. The study used data from financial statement, BI rate fluctuation, rupiah exchange rate, FDI volume, and stock price in 2011-2018. In this study, path analysis and linear regression analysis were done using SPSS 21. The result of the study showed that, partially, BI rate and EPS positively and significantly affected stock price. While exchange rate, FDI, NPM, and DER positively, yet not significantly. Whereas Current ratio negatively and not significantly affect the stock prices. The path analysis result showed that it was only CR and DER that affected stock prices through EPS.

Copyrights © 2020






Journal Info

Abbrev

DIJEFA

Publisher

Subject

Economics, Econometrics & Finance

Description

The author is invited to submit a paper for Dinasti International Journal of Economics, Finance & Accounting (DIJEFA). Topics related to this journal include but are not limited to: Accounting and financial reporting Audit Accounting management Taxation Corporate finance Personal finance Financial ...