Analysis of Factors that Effect the Stock Price of Consumer Goods Industry

Authors

Rizqy Aiddha Yuniawati Universitas Airlangga

DOI:

https://doi.org/10.37010/lit.v4i3.997

Keywords:

EPS, DER, inflation rate, interest rate, foreign exchange rate, share trading volume

Abstract

This study aims to examine the factors that influence the stock prices of consumer goods companies listed on the Indonesia Stock Exchange (IDX). Fundamental factors consist of Earnings Per Share (EPS) factors, Debt to Equity Ratio (DER), Inflation Rates, Interest Rates, and Foreign Exchange Rates. Technical factors consist of Stock Trading Volume and Previous Share Price. The population of this research is 40 consumer goods companies listed on the IDX for the 2018-2021 period. Using purposive sampling method, 28 sample companies were obtained. The analytical model used in this study is multiple linear regression. The results of the research show that stock prices are simultaneously influenced by fundamental and technical factors. Partially, there are 4 variables that have a significant effect on stock prices, namely: EPS, Interest Rates, Foreign Exchange Rates, and Previous Share Prices. The direction of the influence of the four variables is positive, while the variable DER, Inflation Rate and Stock Trading Volume partially have no significant effect on stock prices.

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Published

2022-12-28

How to Cite

Yuniawati, . R. A. . (2022). Analysis of Factors that Effect the Stock Price of Consumer Goods Industry . LITERATUS, 4(3), 1007–1016. https://doi.org/10.37010/lit.v4i3.997