Stock Prices of Public Real Estate Companies in Indonesia: Are They Impacted by Inflation?

Abstract

As a supporter of investment decisions, a private investor or even a corporate entity should be able to analyze exchange-diversified shares. Several factors, such as fundamental and macroeconomic factors, influence stock returns. The current study used a purposive sampling method with a sample of 21 targeted real estate companies. Data were analyzed using the coefficient of determination (R2), multiple regression analysis, paired t-test, and last classics assumption test. The results indicated that (i) inflation, (ii) market price, (iii) profitability, and (iv) leveling do not significantly affect the share price. Keywords: inflation, market value, profitability, leverage, stock price