THE FUNDAMENTAL EFFECT OF MACROECONOMIC ON THE STOCK PRICE OF THE BANKING SECTOR IN INDONESIA

摘要

This research aims to find out whether there is influence of interest rates, rupiah / US dollar exchange rate and inflation on banking stock prices, banking data population listed on the Indonesia Stock Exchange in 2011-2016. To determine the effect of independent variables on the dependent variable, this study uses multiple linear regression analysis with Statistical Package for the Social Sciences version 20. The results show that: The interest rate is partially unreachable to the disclosure of banking stock prices, because siq is 0.885> 0.05. Rupiah / US. Dolar exchange rate partially has a positive and significant effect on banking stock prices, because Siq, 0.000 <0.05 and Inflation partially has no effect on banking stock prices, because Siq, 0.555> 0.05. Simultaneously all independent variables affect the banking stock price, by 8.60%, while 91.40% is influenced by other factors.