The Effects of Macroeconomic Variables and Company’s Financial Ratios on Stock Prices of Coal Mining Companies Listed in Indonesia Stock Exchange for the Period of 2013-2018.

Nidia Prastivini S. Sastralaga; Adler Haymans Manurung; Ferdinand Dehoutman; Benny Hutahayan

The Effects of Macroeconomic Variables and Company’s Financial Ratios on Stock Prices of Coal Mining Companies Listed in Indonesia Stock Exchange for the Period of 2013-2018.

Nidia Prastivini S. Sastralaga, Adler Haymans Manurung, Ferdinand Dehoutman, Benny Hutahayan

Department of Business Administration

Research output: Contribution to journal › Article › peer-review

Abstract

This research aims to analyze the Macroeconomic variables and Company’s financial ratios on the stock prices of coal meaning companies listed in the Indonesia Stock Exchange for the period of 2013 – 2018. The model of Panel data is used to estimate the relationship between macroeconomic variables and company’s financial ratios on the stock prices of coal mining companies. The result of this this research are: debt to equity ratio significantly affects stock prices of coal mining companies at level of 10%, market capitalization significantly affects stock prices of coal mining companies at level of 5% and macroeconomic variables, such as oil prices, inflation, interest rates, exchange rates and coal prices have highly significantly effects on stock prices of coal mining companies at level of 1%.

Original language	Indonesian
Pages (from-to)	167-178
Journal	Journal of Applied Finance & Banking
Volume	10
Issue number	2
Publication status	Published - 2020

Keywords

debt to equity ratio
market capitalization
oil price
inflation
interest rate
Coal price
panel data

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http://www.scienpress.com/journal_focus.asp?main_id=56&Sub_id=IV&Issue=1377599

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Sastralaga, N. P. S., Manurung, A. H., Dehoutman, F., & Hutahayan, B. (2020). The Effects of Macroeconomic Variables and Company’s Financial Ratios on Stock Prices of Coal Mining Companies Listed in Indonesia Stock Exchange for the Period of 2013-2018. Journal of Applied Finance & Banking, 10(2), 167-178. http://www.scienpress.com/journal_focus.asp?main_id=56&Sub_id=IV&Issue=1377599

@article{fc33fdff32d144cea15646d97dbd426e,

title = "The Effects of Macroeconomic Variables and Company{\textquoteright}s Financial Ratios on Stock Prices of Coal Mining Companies Listed in Indonesia Stock Exchange for the Period of 2013-2018.",

abstract = "This research aims to analyze the Macroeconomic variables and Company{\textquoteright}s financial ratios on the stock prices of coal meaning companies listed in the Indonesia Stock Exchange for the period of 2013 – 2018. The model of Panel data is used to estimate the relationship between macroeconomic variables and company{\textquoteright}s financial ratios on the stock prices of coal mining companies. The result of this this research are: debt to equity ratio significantly affects stock prices of coal mining companies at level of 10%, market capitalization significantly affects stock prices of coal mining companies at level of 5% and macroeconomic variables, such as oil prices, inflation, interest rates, exchange rates and coal prices have highly significantly effects on stock prices of coal mining companies at level of 1%.",

keywords = "debt to equity ratio, market capitalization, oil price, inflation, interest rate, Coal price, panel data",

author = "Sastralaga, {Nidia Prastivini S.} and Manurung, {Adler Haymans} and Ferdinand Dehoutman and Benny Hutahayan",

year = "2020",

language = "Indonesian",

volume = "10",

pages = "167--178",

journal = "Journal of Applied Finance & Banking",

issn = "1792-6580",

number = "2",

}

Sastralaga, NPS, Manurung, AH, Dehoutman, F & Hutahayan, B 2020, 'The Effects of Macroeconomic Variables and Company’s Financial Ratios on Stock Prices of Coal Mining Companies Listed in Indonesia Stock Exchange for the Period of 2013-2018.', Journal of Applied Finance & Banking, vol. 10, no. 2, pp. 167-178. <http://www.scienpress.com/journal_focus.asp?main_id=56&Sub_id=IV&Issue=1377599>

The Effects of Macroeconomic Variables and Company’s Financial Ratios on Stock Prices of Coal Mining Companies Listed in Indonesia Stock Exchange for the Period of 2013-2018. / Sastralaga, Nidia Prastivini S.; Manurung, Adler Haymans; Dehoutman, Ferdinand et al.
In: Journal of Applied Finance & Banking, Vol. 10, No. 2, 2020, p. 167-178.

Research output: Contribution to journal › Article › peer-review

TY - JOUR

T1 - The Effects of Macroeconomic Variables and Company’s Financial Ratios on Stock Prices of Coal Mining Companies Listed in Indonesia Stock Exchange for the Period of 2013-2018.

AU - Sastralaga, Nidia Prastivini S.

AU - Manurung, Adler Haymans

AU - Dehoutman, Ferdinand

AU - Hutahayan, Benny

PY - 2020

Y1 - 2020

N2 - This research aims to analyze the Macroeconomic variables and Company’s financial ratios on the stock prices of coal meaning companies listed in the Indonesia Stock Exchange for the period of 2013 – 2018. The model of Panel data is used to estimate the relationship between macroeconomic variables and company’s financial ratios on the stock prices of coal mining companies. The result of this this research are: debt to equity ratio significantly affects stock prices of coal mining companies at level of 10%, market capitalization significantly affects stock prices of coal mining companies at level of 5% and macroeconomic variables, such as oil prices, inflation, interest rates, exchange rates and coal prices have highly significantly effects on stock prices of coal mining companies at level of 1%.

AB - This research aims to analyze the Macroeconomic variables and Company’s financial ratios on the stock prices of coal meaning companies listed in the Indonesia Stock Exchange for the period of 2013 – 2018. The model of Panel data is used to estimate the relationship between macroeconomic variables and company’s financial ratios on the stock prices of coal mining companies. The result of this this research are: debt to equity ratio significantly affects stock prices of coal mining companies at level of 10%, market capitalization significantly affects stock prices of coal mining companies at level of 5% and macroeconomic variables, such as oil prices, inflation, interest rates, exchange rates and coal prices have highly significantly effects on stock prices of coal mining companies at level of 1%.

KW - debt to equity ratio

KW - market capitalization

KW - oil price

KW - inflation

KW - interest rate

KW - Coal price

KW - panel data

UR - https://ideas.repec.org/a/spt/apfiba/v10y2020i2f10_2_8.html

M3 - Article

SN - 1792-6580

VL - 10

SP - 167

EP - 178

JO - Journal of Applied Finance & Banking

JF - Journal of Applied Finance & Banking

IS - 2

ER -

The Effects of Macroeconomic Variables and Company’s Financial Ratios on Stock Prices of Coal Mining Companies Listed in Indonesia Stock Exchange for the Period of 2013-2018.

Abstract

Keywords

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