Pengaruh Variabel Makro Ekonomi terhadap Harga Saham (Studi Empiris pada Perusahaan yang Termasuk Dalam Indeks LQ45 Periode 2010-2017)

This studi aimed to examine the effect of macro economic indicator on Stock Price Index LQ45 in Indonesian Stock Exchange. The study period that used in from 2010-2017. By knowing which indicators that takes effect, then the result can be used as a reference for investor to invest in the stock market. The model that is used in this research is Partial Adjusment Model (PAM) using five variables; LQ45 Stock Price Index as the dependent variable and the other four variables, namely macro economic indicators such as inflation ,the money supply, the BI Rate, and Exchange Rate From the result of the t-test, it can be concluded that inflation and exchange rate has negative and significant impact on Stock Price Index LQ45, while the variables of the money supply and BI Rate has positive and significant effect on Stock Price Index LQ45