Effect of macroeconomic indicators on firm profitability and its implication on stock price: a case study of cement companies listed on the indonesia stock exchange

Sari, Irni Ristika and Sugiharto, Toto (2012) Effect of macroeconomic indicators on firm profitability and its implication on stock price: a case study of cement companies listed on the indonesia stock exchange. II UZBEK-INDONESIAN JOINT INTERNATIONAL CONFERENCE.

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Abstract

Maintaining the existence of the company, expanding business, and increasing the company stock prices are three of several steps that can be taken to realize the company's objectives-maximizing the wealth of the owner of the company. Therefore, understanding the various factors that could potentially affect stock price is off importance to both managers and investors. This study is aimed at analyzing the impact of macroeconomic indicators (i.e., rate of inflati~n,,BI-fate,a nd exchange rate of JDR against USD), directly and indirectly, through firm profitability (i.e., return on asset-ROE and return on equity-ROI), on stock price of cement company listed at the Indonesian Stock Exchange.

Item Type: Article
Uncontrolled Keywords: macroeconomic indicators; BI-rate; rate of inflation; exchange rate; stock price; firm profntability; return on assets; return on equity
Subjects: A General Works > AI Indexes (General)
Divisions: Fakultas Ekonomi > Program Studi Manajemen
Depositing User: Mr Reza Chandra
Date Deposited: 01 Mar 2014 06:49
Last Modified: 01 Mar 2014 06:49
URI: http://repository.gunadarma.ac.id/id/eprint/1351

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