PENGARUH FAKTOR FUNDAMENTAL DAN FAKTOR MAKROEKONOMI TERHADAP HARGA SAHAM PADA PERUSAHAAN CONSUMER NON-CYCLICALS YANG TERDAFTAR DI IDX 80

Abstract

The purposes of this research is to analyze the effect of Fundamental Factors and 
Macroeconomic Factors on Stock Prices in Consumer Non-Cyclicals Companies Listed on IDX 
80. The independent variables used in this research are Return On Asset, Debt to Equity Ratio, 
Earning Per Share and exchange rate. While the dependent variable used in this study is stock 
prices. The population in this research is a Consumer Non-Cyclicals which is included in the 
IDX 80 during year of 2019-2021. Selection of samples by purposive sampling method and 
obtained a sample of obtained a sample of 11 for 3 years so that the data became 33 samples 
based on certain criteria. The analysis technique in this research uses multiple regression 
analysis through the SPSS program. The results showed that earnings per share had a positive 
and significant effect on stock prices, exchange rates had a negative effect on stock prices. 
Return on Assets and Debt to Equity Ratio had no effect on stock prices.