Macroeconomic Factors and Influence on Stock Return That Impact the Corporate Values

Abstract

This research aims to determine the influence of macroeconomic variables on stock return and its impact on corporate values. The population in this research is the sector of agriculture because based on the results of the sector's observation, the most severe decline in performance among others. Further sampling is done by the purposive sampling method, so from 22 companies that listings only 15 companies that meet the criteria. The analytical technique to be used in this study is to use a double linear regression analysis technique expanded with a pathway analysis method to obtain a comprehensive picture of the relationship between variables of one variable with other. We find is an inflation and interest rate negatively and significantly affecting the return of shares. The exchange rate positively and significantly affects the stock return and the influential stock return rate positively and significant to the corporate values.