Ar-Rasyid: Jurnal Publikasi Penelitian Ilmiah
Vol. 2 No. 7 (2026): Ar-Rasyid: Jurnal Publikasi Penelitian Ilmiah (Juli 2026)

PENGARUH RETURN ON EQUITY, EARNING PER SHARE, INFLASI, DAN NILAI TUKAR TERHADAP HARGA SAHAM INDUSTRI PERTAMBANGAN DI BURSA EFEK INDONESIA PERIODE 2018-2022

Basilius Agung (Prodi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Jambi, Kota Jambi)
Agus Solikhin (Prodi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Jambi, Kota Jambi)
Moh. Ihsan (Prodi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Jambi, Kota Jambi)



Article Info

Publish Date
08 Jul 2026

Abstract

This study aims to analyze the influence of Return on Equity, Earnings per Share, inflation, and exchange rates on the stock prices of mining sector companies listed on the Indonesia Stock Exchange during the 2018–2022 period. The study employs a quantitative approach using secondary data, specifically company financial statements and macroeconomic data. The sample was selected using purposive sampling, and data analysis was conducted using multiple linear regression. The results indicate that Return on Equity has a positive and significant effect on stock prices. Conversely, Earnings per Share, inflation, and exchange rates do not have a significant effect on stock prices. These findings suggest that a company's ability to generate profit from its own equity is a factor to which investors pay more attention than earnings per share indicators or macroeconomic conditions during the study period. Thus, Return on Equity emerges as the most significant variable in explaining stock price fluctuations for mining companies.

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Journal Info

Abbrev

ar-rasyid

Publisher

Subject

Description

Ar-Rasyid: Jurnal Publikasi Penelitian Ilmiah adalah jurnal peer-review yang bertujuan untuk memfasilitasi pertukaran pengetahuan dan ide-ide inovatif di antara para peneliti, akademisi, dan praktisi dari berbagai disiplin ilmu. Kami menerima kontribusi ilmiah dalam bentuk artikel penelitian, ...