The Effect Of Earnings Per Share (Eps), Exchange Rate, Inflation, And Interest Rate On Stock Prices On Food And Beverage Companies Listed On The Indonesia Stock Exchange (Idx) 2018-2021
Keywords:
EPS, PER, Exchange rate, Inflation, Interest rate, Stock price
Abstract
This study has the aim of analyzing the effect ofEPS,exchange rates, inflation, interest rates on stock prices in food and beverage companies on the Indonesia Stock Exchange in 2018-2021.The population in this study are food and beverage companies listed on the Indonesia Stock Exchange in 2018-2021. Furthermore, the sample in the study was determined using the methodpurposive sampling. The number of samples obtained is 96 data. The analytical method used is multiple linear regression analysis using the IBM SPSS Statistics 26 program. The results of this study conclude that EPS, exchange rates, inflation, interest rates affect stock prices. Partially EPS stocks have a positive and significant effect on stock prices, exchange rates have a positive and insignificant effect on stock prices, inflation has a positive and insignificant effect on stock prices, and interest rates have a negative and insignificant effect on stock prices of food and beverage companies. 2018-2021. With the coefficient of determination as much as 28.3% while 71.7% influenced by other factors outside the study.
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References
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Agrawal, Om Prakash, and Prateek Kumar Bansal. 2020. “A Critical Study on Relationship of EPS and Stock Price.” Materials Today: Proceedings 37 (Part 2): 3011–15. https://doi.org/10.1016/j.matpr.2020.08.722.
Agyemang Kwasi Sampene, Cai Li, Hairong Cui, Abredu Pearl, Oteng Agyeman Fredrick, Brenya Robert, and Abraham Lincoln Ayisi. 2021. “The Effects of Interest Rate on Stock Market; Empirical Evidence From the Ghana Stock Exchange.” EPRA International Journal of Economic and Business Review, no. April: 27–37. https://doi.org/10.36713/epra6790.
Akbar, Muhammad, Farhan Iqbal, and Farzana Noor. 2019. “Bayesian Analysis of Dynamic Linkages among Gold Prices, Stock Prices, Exchange Rates and Interest Rates in Pakistan.” Resources Policy 62 (June 2017): 154–64. https://doi.org/10.1016/j.resourpol.2019.03.003.
Antonakakis, Nikolaos, Rangan Gupta, and Aviral K. Tiwari. 2017. “Has the Correlation of Inflation and Stock Prices Changed in the United States over the Last Two Centuries?” Research in International Business and Finance 42:1–8. https://doi.org/10.1016/j.ribaf.2017.04.005.
Atmaja, Lukas S. 2008. Theory and Practice of FINANCIAL MANAGEMENT. Yogyakarta: ANDI Yogyakarta.
Bank Indonesia. Nilai Tukar, Inflasi, Suku Bunga Tahun 2018-2021. (diakses di
https://www.bi.go.id/id/default.aspx) Bursa Efek Indonesia.
Bhuiyan, Erfan M., and Murshed Chowdhury. 2020. “Macroeconomic Variables and Stock Market Indices: Asymmetric Dynamics in the US and Canada.” Quarterly Review of Economics and Finance 77: 62–74. https://doi.org/10.1016/j.qref.2019.10.005.
Bursa Efek Indonesia. Laporan Keuangan Tahunan 2018, 2019, 2019, 2020,
2021. (diakses di https://www.idx.co.id/)
Ekananda, M. 2014. International Economics. Jakarta: Erlangga.
FFGGinsu., ISSaerang., F.Roring. 2017. “THE INFLUENCE OF EARNING PER SHARE (EPS) AND RETURN ON EQUITY (ROE) TO STOCK PRICE (Case Study on Food & Beverage Industry Listed on Indonesia Stock Exchange Period 2013-2015)” 5 (2): 1327–36.
Fahmi, Irham. 2016. INTRODUCTION TO FINANCIAL MANAGEMENT. Edited by Muslim A Djalil. Bandung: Alphabeta.
Fakhruddin, Tjiptono Darmadji. 2011. Capital Markets in Indonesia Edition 3. Edited by Salemba Empat. Jakarta.
Farooq, Omar, and Neveen Ahmed. 2018. “Does Inflation Affect Sensitivity of Investment to Stock Prices? Evidence from Emerging Markets.” Finance Research Letters 25: 160–64. https://doi.org/10.1016/j.frl.2017.10.019.
Firdaus, Muhammad. 2019. Econometrics An Applicative Approach. Third. Jakarta: PT Bumi Aksara.
Gursida, Hari. 2017. “The Influence of Finance and Macroeconomic Variables on Stock Price.” Journal of Applied Management and Business 3 (2): 222-234 ISSN 2477-5282.
Husnan, Suad. 2005. Fundamentals of Portfolio Theory and Securities Analysis. Yogyakarta: AMP YKPN Publishing and Printing Unit.
Kasmir, Dr. 2014. Banks And Other Financial Institutions. Revision 201. Jakarta: Raja Grafindo Persada.
Kumar, Rajesh. 2018. “Revisiting the Great Depression1929-33 Through Keynesian and Monetarism,” no. February.
Manurung, J. Manurung Adler, H. 2009. Financial Economics & Monetary Policy. Jakarta: Four Salemba.
Murdifin, Imaduddin, and Suriyanti Andi Mangkona. 2017. “Effect of Composite Stock Price Index , Exchange Rate and Interest Rate Share Price of Mining Companies Listed in Indonesia Stock Exchange” 09 (01): 27–37.
Natsir, Muhammad. 2014a. Monetary Economics And Central Banking. Jakarta: Media Discourse Partners.
———. 2014b. Monetary Economics And Central Banking. Jakarta: Media Discourse Partners.
Pallathadka, Harikumar. 2020. “Impact Of Fundamental Factors On The Share Price Movement Of Indian It Stocks.” European Journal of Molecular & Clinical Medicine 07 (06): 3213–21.
Prawoto, Nano. 2019. Introduction to Macroeconomics. Edited by Monalisa. Depok: King Grafindo Persada.
Rahayu, Tri Nendhenk. 2019. “The Influence of Interest Rates, Rupiah Exchange Rates And Stock Trading Volumes On The Stock Prices Of Manufacturing Companies.” PARADOX: Journal of Economics 2 (2): 35–46. https://doi.org/10.33096/paradox.v2i2.166.
Rahmadewi, Pande Widya. 2018. “INFLUENCE OF EPS , PER , CR , AND ROE ON SHARE PRICES AT Faculty of Economics and Business, Udayana University, Bali, Indonesia ABSTRACT Stock Price Valuation is a very important and basic thing for investors before making an investment because” 7 (4): 2106–33.
Santi, NU R. 2021. “The Behavior of Individual Investors in Making Stock Investment Decisions Amid the Covid 19 Pandemic (Case Study on Student Members of the Capital Market Study Group in Makassar)” 19.
Sugiyono. 2011. Administrative Research Methods. Bandung: Alphabeta.
Tandelilin, Eduardus. 2010. Portfolio And Investment Theory And Applications. First. Yogyakarta: Kanisius.
Bank Indonesia. Exchange Rates, Inflation, Interest Rates 2018-2021. (accessed at https://www.bi.go.id/id/default.aspx)
Indonesia stock exchange. Annual Financial Report 2018, 2019, 2019, 2020, 2021. (accessed at https://www.idx.co.id/)
Published
2022-12-09
Section
Articles
