Pengaruh Tingkat Inflasi, Pertumbuhan PDB, Ukuran Perusahaan, Leverage, dan Profitabilitas Terhadap Harga Saham pada Perusahaan Sektor Properti dan Real Estate yang Terdaftar di Bursa Efek Indonesia Periode 2005-2013
Abstract: This study aims to
identify and analyze the effect of inflation, GDP growth, firm size, leverage
and profitability to the stock price on the property and real estate sectors
listed in Indonesia Stock Exchange 2005-2013. The first hypothesis is the
inflation rate effecting negatively on the stock price, the second hypothesis
is GDP growth effecting positively on the stock price, the third hypothesis is
the firm size effecting positively on
the stock price, the fourth hypothesis is leverage effecting negatively on the
stock price, the fifth hypothesis is profitability effecting positively on the
stock price. Stock prices measured by the Annual Closing Price is seen in the
company's annual financial statements. The sample in this study is the
industrial property and the real estate listed in Indonesia Stock Exchange in
2005-2013. Sampling using purposive sampling in order to obtain a total sample
of 10 companies and real estate properties that meet the criteria established
research sample. Inflation measured by the consumer price index rate, GDP
growth seen from the changes in nominal GDP, the size of the Company as
measured by total sales, leverage is measured using the Debt Equity Ratio (DER)
and profitability as measured by Return on Assets (ROA). Data analysis
techniques performed with the classical assumption, hypothesis testing using
multiple linear regression analysis using SPSS 18.0 for windows.
The results showed that in partial inflation, GDP growth, and leverage
have no effect on stock prices, while the size of the company and profitability
have positive effect on the stock price on the company property and real estate
sectors listed in Indonesia Stock Exchange.
Penulis: Herry Gunawan
Soedarsa, Prita Rizky Arika
Kode Jurnal: jpakuntansidd160638
