Systematic Literature Review Journal
Vol. 1 No. 1 (2025): Januari: Systematic Literature Review Journal

The Influence of Inflation, Interest Rates, Capital Structure, and Profitability on Stock Prices in Manufacturing Companies

Wulan Ramadhani (Unknown)
Deby Deby (Unknown)
Jesica Dara Tista (Unknown)



Article Info

Publish Date
15 Jul 2025

Abstract

This study aims to analyze the influence of inflation, interest rates, capital structure, and profitability on stock prices in manufacturing companies. The background of this research highlights the volatility of the Indonesian economy, which is driven by macroeconomic factors that significantly affect capital market performance. Using the Systematic Literature Review (SLR) method, this study synthesized 10 relevant articles published between 2023 and 2025, collected through Google Scholar using specified keywords. The findings reveal varied results: inflation and interest rates generally have a negative influence on stock prices, although some studies report insignificant effects. Similarly, capital structure shows both positive and negative impacts, depending on company conditions and research contexts. Profitability also presents mixed outcomes; some studies found significant relationships, while others reported no influence on stock prices. This literature-based synthesis highlights inconsistencies in previous empirical findings and reinforces the need for further research to clarify the interaction between these variables and stock market performance. The study contributes to providing a comprehensive understanding for investors, financial analysts, and policymakers in making better investment and strategic financial decisions under uncertain economic conditions.

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Journal Info

Abbrev

slrj

Publisher

Subject

Computer Science & IT Health Professions Nursing Public Health Social Sciences Other

Description

Systematic Literature Review Journal (SLRJ) is an academic journal published by IFREL, focusing on the publication of research findings derived from Systematic Literature Reviews (SLR). This journal provides a platform to showcase research that incorporates SLR methodologies across various ...