Impact of Fundamental Factors and Exchange Rate on the Stock Price of Pt Garuda Indonesia (Persero) Tbk Period of 2011-2018

Authors : Harum Wening Gayatri, Hakiman Thamrin

Volume/Issue : Volume 5 - 2020, Issue 1 - January

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This study aims to examine the fundamental factors consisting of Current Ratio (CR), Operating Profit Margin (OPM), Net Profit Margin (NPM), Return On Assets (ROA), Return On Equity (ROE), Debt to Equity Ratio (DER), Debt to Asset Ratio (DAR), and Price to Earning Ratio (PER) and the exchange rate against the share price of Garuda Indonesia. The study uses secondary data taken from Garuda Indonesia's quarterly financial statements for the period 2011-2018. The analysis technique uses multiple linear regression with SPSS version 20. The results showed the CR, OPM, NPM, DAR and PER had no effect on stock prices. ROA and ROE have a significant effect on the positive direction of stock prices. DER and exchange rate have a significant effect with a negative direction on stock prices.

Keywords : Fundamental factor, Exchange rate dan Stock price.


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30 - September - 2023

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