JER
Vol. 6 No. 2 (2023): September - February

The Influence of Fundamental and Macroeconomic Analysis on Stock Price

Adindah Novihartina Jafar (Sekolah Tinggi Ilmu Ekonomi Ciputra Makassar)



Article Info

Publish Date
07 Sep 2023

Abstract

Investments that provide quite promising returns are stock investments. To see whether stocks can be profitable or not, simply investors often look in terms of changes in stock prices. The purpose of this study is to analyze the effect of fundamental and macroeconomic analysis on stock prices. Fundamental analysis is measured by return on assets (ROA), current ratio (CR), and debt to equity ratio (DER), while macroeconomic analysis is measured by inflation and interest rates. The data used in this study is secondary data in the form of company financial reports indexed by LQ45 for the 2018-2022 period. This study uses multiple linear regression analysis. The results showed that from the fundamental factors, the ROA variable had a positive and significant effect on the stock price of the LQ45 index. Meanwhile, the CR and DER variables don't affect the stock price of the LQ45 index. From macroeconomic factors, namely inflation and interest rates, they don't affect the stock price of the LQ45 index. Simultaneously the variables ROA, CR, DER, Inflation, and Interest Rates don't affect the stock price of the LQ45 index.

Copyrights © 2023






Journal Info
JER

Abbrev

JER

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Jurnal Economic Resource_(JER) is open access. This journal is published in _ March & September. Journal of Economic Resources|e-ISSN 2620-6196] is a peer-reviewed journal published twice a year (March & September) by the Faculty of Economics and Business, Universitas Muslim Indonesia_UMI. Journal ...