CD Skripsi
Pengaruh Tingkat Suku Bunga, Kurs Valuta Asing Dan Leverage Terhadap Return Saham Yang Di Mediasi Profitabilitas Pada Perusahaan Lq 45 Yang Terdaftar Di Bursa Efek Indonesia (Bei) Tahun 2016-2018
ABSTRACT
This study aims to analyze the effect of interest rates on profitability, the
effect of foreign exchange rates on profitability, influenceleverage on profitability,
the effect of interest rateson stock returns, the effect of foreign exchange rates on
stock returns, leverage on stock returns, the effect of profitability on stock returns,
the effect of interest rates on stock returns through profitability, the effect of
foreign exchange rates on stock returns through profitability and influence
leverage on stock returns through profitability. This research carried out at LQ
45 companies listed on the IDX with population of 45 companies and sample of 37
companies with purposive sampling method.
Technique data analysis using path analysis and sobel test. Based on the
analysis results found that interest rate sensitivity has a significant negative effect
on return on equity, foreign exchange sensitivity has a significant negative effect
on return on equity, Debt to Equity has no effect on Return on Equity, interest rate
sensitivity has a significant negative effect on stock returns, foreign exchange rate
sensitivity significant negative effect on stock returns, debt to equity has a
significant negative effect on stock returns, return on equity has a significant
positive effect on stock returns, there is an effect of return on equity in mediating
the sensitivity of interest rates on stock returns, there is no effect on return on
equity in mediating sensitivity of foreign exchange rates to stock returns, and
there is no effect of return on equity in mediating the sensitivity of foreign
exchange rates to stock returns.
Keywords: interest rate, foreign exchange rate, leverage, profitability, stock
return
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