Faktor Internal Dan Eksternal Yang Mempengaruhi Pergerakan Harga Saham (Studi Pada Saham-saham Indeks Lq45 Periode 2009 – 2013)

Abstract

This study aimed to explain internal and external factor that affect stock price movement. Indicators internal factor are Return On Assest (ROA), Debt to Equity Ratio (DER), and Price to Book Value (PBV). Indicators external factor are exchange rates, inflation, and interest rates. The data used secondary data, obtained from BEI corner and www.idx.co.id site. The determination of sample using purposive sampling technique. This study is using sample from 17 companies listed on LQ45 index 2009-2013 period. Data analysis using the classical assumption test and multiple liner regression.the result of this study showed that independent variables ROA, DER, PBV, exchange rates, inflation, and interest rates significant simultaneously effect on the dependent variable stock price. Partially, there is a significant effect independent variables ROA, DER, and PBV on the dependent variable stock price. Independent variables dominant that affect dependent variable stock price is ROA.

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