The effect of inflation, interest rates, working capital turnover, receivables turnover on share prices of property and real estate sub-sector companies listed on the IDX

Abstract

This study aims to investigate the Effects of Inflation, Interest Rates, Working Capital Turnover, and Receivables Turnover on Share Prices in Property and Real Estate subsector companies listed on the Indonesia Stock Exchange for the 2018-2022 period. The background of this research arises from the need for further understanding of the economic and financial factors that may affect stock prices in the property and real estate sectors. This study uses a quantitative approach with a population of all property and real estate subsector companies listed on the Indonesia Stock Exchange, totaling 85 companies. The research sample was taken by purposive sampling method, and the number of samples set was 10 companies. Data was collected from the annual financial statements of these companies during the study period. The data analysis method used is a regression test with a t test to see the influence of variables partially, an F test to see the influence simultaneously, and a coefficient of determination (R2) test to find out how much variation in Stock Prices can be explained by independent variables. The results showed that Inflation, Interest Rates, and Working Capital Turnover had a significant influence on Stock Price, while Receivables Turnover did not have a significant influence. Simultaneously, these four variables have a significant influence on the Share Price of Property and Real Estate subsector companies.