ANALISIS PENGARUH FLUKTUASI NILAI TUKAR (KURS), INFLASI DAN BI RATE TERHADAP HARGA SAHAM PADA SEKTOR CONSUMER GOOD INDUSTRY GO PUBLIC

Abstract

This study aims to test the influence of Exchange Rate, Inflation, and BI
rate simultaneously, partially and also the most dominant influence on the stock
price of consumer good industry sector at Indonesia Stock Exchange period 2015-
2017. Sample method used is a non-probability sampling method with saturation
sampling technique. All population are sampled with the total of 49 companies
because researcher used average of stock price or index of consumer good industry
sector listed by Indonesia Stock Exchange period 2015-2017. Analysis technique
for data uses linear multiple regression and hypothesis testing uses t test and F test
with 5% level of significance. The result of research shows that Exchange Rate,
Inflation, and BI rate simultaneously have significant influence on the stock price
of consumer good industry sector at Indonesia Stock Exchange period 2015-2017.
Partially they do not significantly influence on the stock price of consumer good
industry sector at Indonesia Stock Exchange period 2015-2017. BI rate is the most
dominant variable compared to others. Determination coefficient (Adjusted R2
) is
73,0%, in this case 73,0% shows that variaton of three independent variables with
dependent variable can explained in this research, while the rest of 27% explained
by the other variables which are not scrutinized in the study.