ANALISIS PENGARUH MIKRO DAN MAKRO EKONOMI TERHADAP RETURN SAHAM PADA SUBSEKTOR TELEKOMUNIKASI YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2008-2017

Abstract

countries that has developed internet technology. With the increasing number of internet users in the telecommunications sector. High internet users are caused by the increasing number of smartphone usage. Digital economic trends have also become one of the factors internet users continue to increase. Digital economic utilization through e-commerce is done to increase economic activity. The telecommunications industry which has good prospects in the midst of it is an industry that is digitally based. The purpose of this research was to determine current ratio, earnings per share, return on equity, inflation, exchange rate, and interest rate on the company's stock returns given at the Indonesia Stock Exchange in 2008 - 2017. The population used is the telecommunications subsector company listed on the Indonesia Stock Exchange in 2008-2017, used was purposive sampling technique. The method used in this research is descriptive quantitative method. The analysis technique used in this study is panel data regression analysis using Eviews 10 software. Based on the results of the research, simultaneously have a significant effect on stock return. The coefficient of determination of the reaserch by 81.1266%. Partially, current ratio, earning per share, return on equity, and exchange rate have no significant effect on stock return. Inflation have a negative significant effect on stock return. Interest rate have a positive significant effect on stock return.