Jurnal Manajemen Bisnis dan Organisasi
Vol 4 No 1 (2025): Jurnal Manajemen Bisnis Dan Organisasi (JMBO)

THE INFLUENCE OF MACROECONOMIC AND MICROECONOMIC VARIABLES ON STOCK PRICE FLUCTUATIONS

Sasi, Maria Ketty (Unknown)
Ballo, Fransina W (Unknown)
Bolang3, Rikhard T Ch (Unknown)



Article Info

Publish Date
31 May 2025

Abstract

This study aims to determine the effect of macroeconomic factors including the Exchange Rate and Money Supply, and microeconomic factors including Cash Dividend Rate, Stock Trading Volume, and Earning Per Share on stock price fluctuations in Financial sector companies in the banking sub-sector listed on the Indonesia Stock Exchange. This study uses a panel data model analysis with a time period used of 2019-2023. The population in this study were 21 banking sub-sector companies which are conventional banks and have made cash dividend payments during the study period. The research sample used was 6 banking sub-sector companies that had met the criteria set in this study. This study uses the Common Effect Models (CEM) panel data model. The results of this study indicate that the exchange rate and earning per share variables affect stock price fluctuations, while the money supply, cash dividend rate, and stock trading volume variables do not affect stock price fluctuations. Meanwhile, the exchange rate and earning per share variables affect stock price fluctuations.

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Journal Info

Abbrev

jmbo

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Jurnal Manajemen Bisnis dan Organisasi (JMBO) adalah media publikasi di bawah naungan Yayasan Pendidikan Cahaya Budaya Indonesia menerbitkan artikel-artikel ilmiah di bidang manajemen, bisnis dan organisasi. Sebagai media yang didedikasikan untuk mendorong pertukaran ide antara akademisi, pengkaji ...