Article
PENGARUH FAKTOR FUNDAMENTAL DAN MAKROEKONOMI TERHADAP HARGA SAHAM (Studi Pada Sektor Barang Konsumsi Tahun 2020-2024)
Jurnal HOMANIS: Halu Oleo Manajemen dan Bisnis, Vol. 2 No. 3 (2025), hlm. 739–753
Abstrak
Abstract This study aims to analyze the influence of fundamental and macroeconomic factors on stock prices of manufacturing companies in the consumer staples sector listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. The fundamental variables used in this research include Return on Assets (ROA), Return on Equity (ROE), Current Ratio (CR), Price Earnings Ratio (PER), and Earnings per Share (EPS). Meanwhile, the macroeconomic variables consist of Foreign Exchange Rates, Gross Domestic Product (GDP), Inflation, Interest Rates, and Economic Growth. This research employs a quantitative method with a multiple linear regression approach, and the data were analyzed using SPSS version 25. The sampling technique used is purposive sampling, with a total of 300 observations over five years. The findings of this study indicate that: (1) fundamental and macroeconomic variables simultaneously have a significant effect on stock prices; (2) ROA has a significant positive effect on stock prices; (3) ROE has no significant effect on stock prices; (4) CR has a significant positive effect on stock prices; (5) PER has a significant positive effect on stock prices; (6) EPS has a significant positive effect on stock prices; (7) Inflation has a significant negative effect on stock prices; and (8) Interest Rates has a significant negative effect on stock prices.