Analysis Influence of the Exchange Rate, Inflation, BI Rate, and Profitability on Stock Performance (Case study Property and Real Estate Sector Index 2018-2023)

Abstract

This study aims to determine the influence of Exchange Rate, Inflation, BI Rate, and Profitability, proxied by Return on Assets, on the stock performance of companies listed in the Property and Real Estate sector from 2018 to 2023. The research utilizes secondary data with a population consisting of property and real estate companies listed on the Indonesia Stock Exchange (IDX) during the 2018-2023 period. The sample was selected using the purposive sampling method, resulting in a total of 28 companies or 168 data points. The analysis technique employed is multiple linear regression, with hypothesis testing processed using the SPSS program. The results of the study indicate that the exchange rate negatively affects stock performance. Meanwhile, inflation and the BI rate do not have a significant effect on stock performance. Return on Assets (ROA) was found to have a positive effect on stock performance.