Macroeconomic Factors and Influence on Stock Return That Impact the Corporate Values

Fariz Mohamad Iqmal and Ivan Gumilar Sambas Putra
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Fariz Mohamad Iqmal: Department of Business, Widyatama University, Bandung, Indonesia
Ivan Gumilar Sambas Putra: Department of Business, Widyatama University, Bandung, Indonesia

International Journal of Finance & Banking Studies, 2020, vol. 9, issue 1, 68-75

Abstract: This research aims to determine the influence of macroeconomic variables on stock return and its impact on corporate values. This research became a repenting to be done because of the rapidly changing global situation, and the number of focus that affects back stocks, so that investors need to know which macro economic factors are most noteworthy, while For our company put the value of the company as consideration for management in the decision making.The population in this research is the sector of agriculture because based on the results of the sector's observation, the most severe decline in performance among others. Further sampling is done by the purposive sampling method, so from 22 companies that listings only 15 companies that meet the criteria. The analytical technique to be used in this study is to use a double linear regression analysis technique expanded with a pathwayanalysis method to obtain a comprehensive picture of the relationship between variables of one variable with other. We find is an inflation and interest ratenegatively and significantly affectingthe return of shares. The exchange rate positively and significantly affects the stock return and the influential stock return rate positively andsignificant to the corporate values.

Keywords: inflation; interest rates; exchange rate; stock return; corporate values (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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