THE ANALYSIS OF PROFITABILITY AND MACROECONOMIC VARIABLES AFFECTING TO THE STOCK PRICES IN INDONESIA: AN APPROACH OF ERROR CORRECTION MODELS (ECM) (A Case Study in the Retail Trade Subsector Listed on the Indonesia Stock Exchange for the 2010-2019 Period)

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dc.contributor.authorAmaliawiati, Lia
dc.contributor.authorAsyifa, Annisa
dc.contributor.authorDewi, Sherma May Sara
dc.contributor.authorEkasari, Veronica Juniar
dc.contributor.authorDewi, Visara May Sari
dc.date.accessioned2021-02-06T03:15:42Z
dc.date.available2021-02-06T03:15:42Z
dc.date.issued2020
dc.description.abstractThis study aims to analyze the effect, both in the short and long term, of profitability and macroeconomic variables on stock prices in the retail trade subsector in Indonesia. Return on equity (ROA) and earning per share (EPS) are proxies for profitability, while exchange rate (ER) and inflation (IFL) are proxies for macroeconomic variables. The data is only stationary in the first difference and has a cointegration relationship between variables so that the short-run balance is seen using Error Correction Model (ECM) analysis. This research uses panel data from 1999 to 2019. The results of the data test show that both in the long term and in the short term the effect on stock prices is earnings per share (EPS). Meanwhile, return on assets (ROA), exchange rate (ER), and inflation (IFL) have no effect on stock prices.en_US
dc.identifier.issn0038-111X
dc.identifier.urihttp://repository.widyatama.ac.id/xmlui/handle/123456789/12121
dc.language.isoenen_US
dc.publisherSolid State Technology Volume: 63 Issue: 4en_US
dc.subjectStock Priceen_US
dc.subjectProfitabilityen_US
dc.subjectMacroeconomic Variablesen_US
dc.subjectECMen_US
dc.titleTHE ANALYSIS OF PROFITABILITY AND MACROECONOMIC VARIABLES AFFECTING TO THE STOCK PRICES IN INDONESIA: AN APPROACH OF ERROR CORRECTION MODELS (ECM) (A Case Study in the Retail Trade Subsector Listed on the Indonesia Stock Exchange for the 2010-2019 Period)en_US
dc.typeArticleen_US
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