Pengaruh Ekonomi Makro dan Kinerja Keuangan Terhadap Return Saham Perusahaan Manufaktur

This study aims to analyze whether Inflation, Interest Rates, Exchange Rates, DER, CR, and ROE simultaneously and partially have a significant effect on Stock Returns. The sampling technique used was a purposive sampling technique in which 22 manufacturing companies in the food and beverage sub-sector were selected as samples. The analysis technique used in this study is a multiple linear regression analysis technique using the F-test and t-test. The data used in this study are secondary data and documentation, namely data obtained from the company's annual financial reports published for the 2017-2021 periods, and the official publication of data on inflation, interest rates, and exchange rates. The results showed that the variables Inflation, Interest Rates, Exchange Rates, DER, CR, and ROE simultaneously have a significant influence on stock returns. Inflation, exchange rates, DER, and CR partially have a positive but not significant effect on the stock returns of manufacturing companies. Interest rates partially have a negative effect that is not significant on manufacturing company stock returns. ROE partially has a significant positive effect on manufacturing company stock returns. Keywords: Inflation, Interest Rates, Exchange Rates, DER, CR, ROE, and Stock Return