Analisa Faktor Eksternal yang Mempengaruhi Tingkat Return on Equity
Abstract
The purpose of this study was to determine the effect of company external factors (inflation, interest rates, and exchange rates) on the ROE level. Associative research is used in this study with a qualitative approach. The object of research in companies of the Basic Industrial and Chemical Sub Sectors listed on the Indonesia Stock Exchange Period 2009 - 2018. Data collection techniques using the documentation method, data analysis techniques assumption of classiation, multiple linear regression, coefficient of determination and hypothesis testing. The results obtained, 1) Inflation, interest rates, exchange rates negatively affect ROE, 2) inflation rates, interest rates, and exchange rates affect ROE of 91.8%, 3) F test results, Inflation Rates, Interest Rates, and Exchange Rates have a significant effect on ROE.
Keywords:
Inflation, Interest Rates, Exchange Rates, ROE
References
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Kartikasari, D., & Merianti, M. (2016). The effect of leverage and firm size to profitability of public manufacturing companies in Indonesia. International Journal of Economics and Financial Issues, 6(2), 409–413.
Khan, S., Malik, M. F., Khan, M. I., & Khan, F. (2014). Interest Rate and Its Effect on Bank’s Profitability. J. Appl. Environ. Biol. Sci. Journal of Applied Environmental and Biological Sciences, 4(8S), 225–229. www.textroad.com
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Silitonga, H. P., Siregar, L., Tarigan, P., & Inrawan, A. (2017). PENGARUH LIKUIDITAS DAN LEVERAGE TERHADAP PROFITABILITAS PADA PT JAPFA COMFEED INDONESIA , Tbk . YANG TERDAFTAR DI BURSA EFEK INDONESIA. 3(1), 1–9.
Zuchrinata, F. A., & Yunita, I. (2019). Pengaruh Inflasi, Suku Bunga Bank Indonesia, Debt to Equity Ratio, Ukuran Perusahaan dan Umur Perusahaan terhadap profitabilitas Perusahaan Sub Sektor Pertambanagan Batubara yang Terdaftar di BEI Tahun 2013-2017. JIM UPB (Jurnal Ilmiah Manajemen Universitas Putera Batam), 7(2), 189. https://doi.org/10.33884/jimupb.v7i2.1232
Hamidah, H., Hartini, H., & Mardiyati, U. (2015). Pengaruh Inflasi, Suku Bunga Bi,Profitabilitas, Dan Risiko Finansial Terhadap Nilai Perusahaan Sektor Properti Tahun 2011-2013. JRMSI - Jurnal Riset Manajemen Sains Indonesia, 6(1), 395. https://doi.org/10.21009/jrmsi.006.1.04
Haque, H. M., & Rahmawati, R. (2017). Pengaruh Nilai Tukar Mata Uang dan Inflasi terhadap Profitabilitas di Bank Syariah: Studi Analisis pada Bank Muamalat, Bank Mandiri Syariah dan Bank Mega Syariah Periode 2011-2015. 8(1), 69–92.
Iba, Z., & Wardhana, A. (2012). Pengaruh Inflasi, Suku Bunga Sbi, Nilai Tukar Rupiah Terhadap Usd, Profitabilitas, Dan Pertumbuhan Aktiva Terhadap Harga Saham Perusahaan Pembiayaan Di Bursa Efek Indonesia. Jurnal Kebangsaan, 1(1), 1–6.
Ifeanyi C., N., & Chuskwuma C., U. (2016). An Empirical Analysis of Inflationary Impacts on Profitability and Value of Selected Manufacturing Firms in Nigeria. Research Journal of Finance and Accounting, 7(12), 19–26.
Inrawan, A., Jubi, Silitonga, H. P., & Sudirman, A. (2020). PENGARUH LIKUIDITAS DAN SOLVABILITAS TERHADAP RENTABILITAS MODAL SENDIRI PADA PKPRI DI KABUPATEN SIMALUNGUN. 5(1), 1–15.
Isnurhadi, H., Taufik, H., & Herwanto, D. (n.d.). The Effect of Macroeconomic Fundamental Factors On Corporate Value Through Financial Performance As Intervening Variables In Manufacturing Companiesn In Indonesia Stock Exchange. 1–26.
Jatiningtyas, N., & Iradianty, A. (2015). The Effect Inflation , Interest Rate , Exchange Rate , Return on Assets ( ROA ), and Debt Ratio ( DER ) on Stock Return ( Case Study on Telecommunication Subsector Listed in Indonesia Stock Exchange Period.
Kala, G., Masbar, R., & Syahnur, S. (2018). The Effect of Exchange Rate, Inflation, Capital and Labor Force on Economic Growth in Indonesia. Jurnal Ekonomi Dan Kebijakan Publik Indonesia, 5(1), 35–50.
Kartikasari, D., & Merianti, M. (2016). The effect of leverage and firm size to profitability of public manufacturing companies in Indonesia. International Journal of Economics and Financial Issues, 6(2), 409–413.
Khan, S., Malik, M. F., Khan, M. I., & Khan, F. (2014). Interest Rate and Its Effect on Bank’s Profitability. J. Appl. Environ. Biol. Sci. Journal of Applied Environmental and Biological Sciences, 4(8S), 225–229. www.textroad.com
Nurina, S. (2016). Analisis Pengaruh Inflation, Interest Rate, Dan Exchange Rate Terhadap Gross Domestic Product (Gdp) Di Indonesia. Analisis Pengaruh Inflation, Interest Rate, Dan Exchange Rate Terhadap Gross Domestic Product (Gdp) Di Indonesia, 2(1), 1–18.
Nurwita. (2019). PENGARUH RASIO HUTANG, STRUKTUR KEPEMILIKAN, SUKU BUNGA, INFLASI DAN PROFITABILITAS TERHADAP PRICE EARNING RATIO PADA PERUSAHAN LQQ –, 45 PERIODE 2011 - 2014. 2(3), 141–160.
Prastowo, P. R., Malavia, R., & Wahono, B. (2014). Analisis Pengaruh Inflasi, Suku Bunga dan Nilai Tukar Terhadap Profitabilitas Perbankan. E – Jurnal Riset Manajemen PRODI MANAJEMEN, 27–41. http://riset.unisma.ac.id/index.php/jrm/article/download/1324/1322
Ridhwan. (2016). Analisis Pengaruh Suku Bunga dan Inflasi Terhadap Profitabilitas PT Bank Syariah Mandiir Indonesia. In Jurnal Penelitian Universitas Jambi Seri Humaniora (Vol. 18, Issue 2).
Rosikah et al. (2018). Effects of Return on Asset , Return On Equity , Earning Per Share on Corporate Value. The International Journal of Engineering and Science (IJES, 7(3), 6–14. https://doi.org/10.9790/1813-0703010614
Sasmita, D., Andriani, S., & Ilman, A. H. (2019). ANALISIS PENGARUH INFLASI, SUKU BUNGA BI, NILAI TUKAR RUPIAH TERHADAP PROFITABILITAS (STUDI KASUS PADA BANK YANG TERDAFTAR DI BEI PERIODE 2011-2015). Jurnal Ekonomi Dan Bisnis Indonesia, 3(1), 1–7.
Setyaningsih, Aryani, C., Sriwidodo, U., & Utami, Sri, S. (2018). Analisis pengaruh suku bunga, inflasi, dan nilai tukar rupiah terhadap profitabilitas bank umum swasta nasional di bursa efek indonesia. Jurnal Ekonomi Dan Kewirausahaan, Vol. 18 No, 323–331.
Silitonga, H. P., Siregar, L., Tarigan, P., & Inrawan, A. (2017). PENGARUH LIKUIDITAS DAN LEVERAGE TERHADAP PROFITABILITAS PADA PT JAPFA COMFEED INDONESIA , Tbk . YANG TERDAFTAR DI BURSA EFEK INDONESIA. 3(1), 1–9.
Zuchrinata, F. A., & Yunita, I. (2019). Pengaruh Inflasi, Suku Bunga Bank Indonesia, Debt to Equity Ratio, Ukuran Perusahaan dan Umur Perusahaan terhadap profitabilitas Perusahaan Sub Sektor Pertambanagan Batubara yang Terdaftar di BEI Tahun 2013-2017. JIM UPB (Jurnal Ilmiah Manajemen Universitas Putera Batam), 7(2), 189. https://doi.org/10.33884/jimupb.v7i2.1232
Published
2020-05-31
How to Cite
Inrawan, A., Silitonga, H., & Sudirman, A. (2020). Analisa Faktor Eksternal yang Mempengaruhi Tingkat Return on Equity. Jesya (Jurnal Ekonomi Dan Ekonomi Syariah), 3(2), 144-154. https://doi.org/https://doi.org/10.36778/jesya.v3i2.197
Section
Articles
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
