CD Tesis
Pengaruh Inflasi, Revaluasi Aset Dan Leverage Terhadap Harga Saham Dengan Profitabilitas Sebagai Variabel Intervening Pada Perusahaan Manufaktur Yang Terdaftardi Bursa Efek Indonesia Periode 2014 - 2017
The purpose of this study is to test and analyze the effect of inflation, asset
revaluation, and leverage on stock prices with profitability as an intervening variable
in manufacturing companies listed on the Indonesia Stock Exchange for the 2014-2017
period. This research refers to signal theory and agency theory. Signal theory is a
theory that provides a signal good news and bad news. By looking at the condition of
the company, it will provide good or bad news for investors. This can see that the
information in the company's financial statements will be a consideration for investors
in making decisions. Agency theory is a theory that explains the relationship between
shareholders (principal) and managers (agent).
The hypothesis proposed in this study is that inflation, asset revaluation, leverage
and ROA affect stock prices. Inflation, asset revaluation and leverage affect ROA.Then
inflation, asset revaluation and leverage have a direct effect on stock prices through
ROA. The population in this study are manufacturing companies listed on the Indonesia
Stock Exchange for the 2014-2017 period. With the purposive sampling method, it was
obtained a sample size of 109 companies with a period of 4 years so that a total of 436
data sources used secondary data. Data analysis using Path Analysis.
The results showed that inflation affects stock prices, asset revaluation affects
stock prices, leverage affects stock prices, inflation affects profitability, asset
revaluations affect profitability, leverage affects profitability, profitability affects stock
prices. Inflation has an indirect effect on stock prices through profitability. Asset
revaluation Asset revaluation has an indirect effect on stock prices through
profitability and leverage has an indirect effect on stock prices through profitability
Key words: Inflation, Asset Revaluation, Leverage, Stock Price, Profitability
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