Track: Undergraduate Research Competition

Abstract

Before making transactions on the capital market, investors need to get accurate information in making decisions to buy or sell a stock. Investors consider some information such as the inflation rate, interest rates in a country and the current ratio, debt to equity ratio in a company. This study aims to determine the effect of inflation, interest rates, current ratio and debt to equity ratio on stock prices. The population of this study is the transportation sub-sector companies listed on the Indonesia Stock Exchange (IDX) in 2016 – 2020. The sampling technique in this study used the purposive sampling method and obtained 77 observational data. The method of data analysis in this study is panel data regression analysis which is processed using Eviews 12 software. The results of this study indicate that simultaneously the variables of inflation, interest rates, current ratio and debt to equity ratio have an effect on stock prices. Partially, inflation, interest rates, current ratio and debt to equity ratio variable have no effect on stock prices.