Informasi Fundamental Mikro Dan Makro, Risiko Sistematis Dan Kinerja Saham Setelah Krisis Global

Abstract

The objectives of this research are to examine the fundamental factors of macro (the rupiah exchange rates (NTR) and the interest rate of Bank Indonesia Certificate (SBI)) and micro (current ratio (CR), debt to equity ratio (DER), total asset turnover (TATO) and return on assets (ROA), the systematic risk in conjunction with an increase in stock performance manufacturing company in Indonesia stock Exchange after the global crisis. This research used samples of the sample companies manufacturing industry in Indonesia Stock Exchange. The data used is data that panel cross section data and time series data precrisis period (2004-2007) and after the crisis (2009-2013). Sampling using purposive sampling, analytical technique used is multiple regression analysis. The results showed variable micro fundamentals (current ratio (CR), debt to equity ratio (DER), total asset turnover (TATO), return on assets (ROA), after kriris global significant effect on Systematic Risk (RS), variable micro fundamentals (current ratio (CR), debt to equity ratio (DER), total asset turnover (TATO), return on assets (ROA), after crisis global signifikan effect the performance of stocks (KS) the systematic risk (RS) as an intervening variable effect of variable macro fundamentals ((rupiah exchange rates (NTR) and micro fundamental (debt to equity rati/DER).

The Influence of Macroeconomics and Fundamental Factors Toward Beta Stock of Food and Beverage Company Listed in Indonesia Stock Exchange

“…A fluctuates exchange rate will reduce investor's interest in investing because the return will be difficult to predict. Ismawati (2018) mentioned the exchange rate has a negative significant influence towards beta stock.…”

“…Jazuli & Witiastuti (2016) stated that there is a positive significant influence on CR toward the beta stock. Ismawati (2018) found DER has a negative significant influence towards beta stock, while Mahmudah & Sonjaya (2018) stated that DER has an insignificant influence towards the beta stock. Based on Jazuli & Witiastuti (2016), ROE has a positive significant influence towards the beta stock.…”