PENGARUH KINERJA KEUANGAN DAN MAKROEKONOMI TERHADAP HARGA SAHAM BATUBARA PERIODE 2011-2020

This study aims to determine whether there is an effect of financial performance on stock prices. The financial ratios in this study are Return On Asset (ROA), Earning Per Share (EPS), Debt to Equity Ratio (DER), while the macroeconomics in this study are Inflation and Gross Domestic Product (PDB). The analytical method in this research is panel data regression analysis, and the data used is secondary data obtained from the BEI website. The sample in this study is the infrastructure sector company listed on the IDX for the period 2011-2020, with the sampling technique used, namely Purposive Sampling so as to obtain a sample of 10 companies. The analysis used is panel data regression model, best model selection, classical assumption test , simultaneous test (f test), partial t test and coefficient of determination (R2). The results show that partially (t test) that ROA has a positive and significant effect on stock prices, EPS has a positive and significant effect, DER has a positive and significant effect on stock prices, inflation has a positive and significant effect on stock prices, and GDP has a positive and significant effect. on stock prices Simultaneously (f test) bring ROA, EPS, DER, Inflation and GDP together have an effect on coal stock prices