PENGARUH FAKTOR EKSTERNAL DAN INTERNAL TERHADAP HARGA SAHAM PADA PERUSAHAAN SEKTOR PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This study aims to determine the influence of external and internal factors, namely inflation, interest rates, exchange rate, Return on Assets (ROA) and Debt to Equity Ratio (DER) to stock prices simultaneously and partially on property and real estate firms listed in Indonesia stock exchange.The design in this study using quantitative methods and types of research used Explanatory Reasearch by taking samples of property and real estate companies from 2013 to 2016, ie as many as 20 companies. Data analysis used multiple linear regression. The result of the research shows that inflation, interest rate, exchange rate, Return on Asset (ROA) and Debt to Equity Ratio (DER) have simultaneous effect on stock price of property and real estate company listed in Indonesia Stock Exchange. While partially shows that Return on Asset (ROA) has a significant effect on stock prices of property and real estate companies listed in Indonesia Stock Exchange, while inflation, interest rate, exchange rate, and Debt to Equity Ratio (DER) have no significant effect.