Komparasi Pengaruh Peubah-Peubah Ekonomi Makro Terhadap Harga Saham Pada Emiten-Emiten Yang Berisiko Tinggi Dan Emiten-Emiten Yang Berisiko Rendah Di PT Bursa Efek Jakarta Periode Juli 1997-Desember 2000

Basically, stock price is influenced by many factors. Those can be categorized into internal factors such as projected earnings per share, timing of earning stream, riskiness of the projected earning, use of debt, dividend policy, and external factors that include macroeconomic variables and political factors. Gross domestic product, employment, inflation, interest rate, budget deficit, exchange rate, current account, and sentiment are the macro economic variables. This research is purposed to study the effect of macro economic variables to the stock price and comparing the magnitude of the effect between high risk group of issuing companies and the low one. The macroeconomic variables that is studied in this research are interest rate, exchange rate, and inflation rate. The result proof that macroeconomic variables influence the stock price either in high risk group of issuing company or in the low one