Dampak Pandemi dan Ekonomi Makro Terhadap Return Saham (Studi Kasus Pada Perusahaan Food And Beverage Yang Terdaftar Di BEI Periode 2016-2020)

  • Saefudin . Universitas
  • Sulaiman Kurdi Universitas Selamat Sri
  • Muhammad Fauzi Universitas Selamat Sri

Abstract

The impact of the pandemic has ravaged the world economy, which in the
end has resulted in the performance of many companies including food and
beverage sector companies that are listed on the Indonesia Stock Exchange
(IDX). This study aims to analyze the impact of the pandemic and
macroeconomics on stock returns of food and beverage sector companies
listed on the IDX for 2016-2020 period. The sample in this study used a
purposive sampling method with the number of companies that matched the
criteria as many as 13 companies in the food and beverage sector. The data
were tested statistically through a multiple linear regression analysis
approach that already met the classical assumption criteria. The results
showed that the pandemic (α: 1%), the exchange rate (α: 10%), interest rates
(α: 5%), and inflation (α: 5%) were proven to significantly reduce stock
returns. Empirically proves that the pandemic variable is the most
influential factor in reducing stock returns compared to exchange rates,
interest rates, and inflation.

Published
2022-04-26