Inflasi dan Suku Bunga Terhadap Return Saham Perusahaan Makanan dan Minuman di Bursa Efek Indonesia Periode 2012-2016

Abstract

Food and beverage establishments were those which were one of company not under the impact of global crisis, leading to static level in their stock. As such, they did not undergo any change in the resultant stock return. In analyzing stock return, this research was limited to probing the information pertinent to companies’ fundamentals, which were germane to macro-economic situation as indicated by inflation and interest rate. Carried out in quantitative setting, the research taking secondary data related to inflation, the interest rate of Bank of Indonesia, and the data of stock return belonging to food and beverage companies. The research data were analyzed through multi-linear regression analysis. The research finding corroborated that inflation did not yield significant impact on companies’ stock return, with t value outnumbering error margin value, which was 0,451>0,05. On the other hand, the interest rate created significant influence on the stock return under investigation, with t value outnumbered by error margin value, which was 0,005<0,05. Simultaneously, inflation and the rest of interest exerted significant influence on the stock return of beverage and food companies, with a value of 0,001<0,05.