Agatha, Audria and Lingga, Margaretha (2019) The Impact of Macroeconomic Variables and Fundamental Factor in Financial Ratios on Stock Return of Real Estate and Property Companies Listed on IDX 2011-2017. Bachelor thesis, Swiss German University.

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Abstract

This study aimed to analyze the impact of macroeconomic variables and fundamental factor in financial ratios on stock return of real estate and property companes listed on the Indonesia Stock Exchange for period 2011-2017. This study uses the theory of Arbitrage Pricing Theory (APT) (Ross, 1976) with six variables that consists of two macroeconomic variables such as Interest Rate from Indonesian Bank (Suku Bunga Indonesia) and Composite Stock Price Index (Indeks Harga Saham Gabungan), as well as four fundamental factor in financial ratios form that will be used in this research such as Profitability Ratio: Return on Assets (ROA), Solvency Ratio: Debt to Equity ratio (DER), and Market Value Ratio: Price Earnings Ratio (PER) and Earnings Per Share (EPS). Based on Purposive Sampling method used there are 42 companies in the research samples with annually time period during recording year of 2011-2017 as estimate time. This research used Random Effect Model (REM) as data estimation technique in the panel data regression model and proceed with Eviews10 Program. Simultaneously that macroeconomic variables and fundamental factor in financial ratios are significantly effect on stock return of Real Estate and Property Companies. The results showed that the partial of the six variables used only SBI, CSPI, DER and EPS has significant effect on stock return so investor can used that 4 variables to predict stock return of Real Estate and Property Companies in Indonesia.

Item Type:	Thesis (Bachelor)
Uncontrolled Keywords:	Macroeconomic Variables ; Fundamental Factor in Financial Ratios ; Stock Return ; Real Estate ; Property Companies
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HG Finance > HG4001-4285 Finance management. Business finance. H Social Sciences > HG Finance > HG4551 Stock exchanges
Divisions:	Faculty of Business Administration and Communication > Department of Business Administration
Depositing User:	Adityatama Ratangga
Date Deposited:	15 May 2020 13:06
Last Modified:	15 May 2020 13:06
URI:	http://repository.sgu.ac.id/id/eprint/317

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