PENGARUH SUKU BUNGA DAN KURS TERHADAP HARGA SAHAM PERUSAHAAN REAL ESTATE DAN PROPERTY (KAJIAN EMPIRIS PADA BURSA EFEK INDONESIA ) PERIODE BULANAN 2013-2014

Rahmadya Savira, Dheo Rimbano

Abstract


Purpose - This study aims to determine the effect of the stock price with interest rate and the exchange rate as an independent variable.

Design/methodology - The analysis period was 24 months starting from 2013 to 2014. The data analysis method used is descriptive analysis.

Findings – The results showed that variable interest rates and exchange rates have a significant effect on stock prices with a coefficient of determination of R2 15.3%. The parsial test showed that interest rates variable have a significantly effect on the price of shares in the Indonesian Stock Exchange (BEI) with the obtained results of data processing test obtained t arithmetic ≤ t table (0.003 ≤0,05) H0 is rejected. Then rate variable also significantly influence stock prices by the results obtained test data processing obtained t arithmetic ≤ t table (0.007 ≤0,05) H0 is rejected. This means that interest rates and exchange jointly affect the price of shares in real estate companies and property in the Indonesia Stock Exchange.


Keywords


Interest Rate, Exchange Rate, Stock Price

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DOI: https://doi.org/10.32502/mti.v1i1.713

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