THE INFLUENCE OF MACROECONOMICS AND FUNDAMENTAL FACTORS TOWARD BETA STOCK OF FOOD AND BEVERAGE COMPANY LISTED IN INDONESIA STOCK EXCHANGE

Abstract

This research is aim to analyze the influence of macroeconomics and fundamental factors toward beta stock on Indonesia’s food and beverage listed in Indonesia Stock Exchange during period of 2015-2019. There are four independent variables such as exchange rate, current ratio, debt to equity ratio and return on equity are examined by descriptive statistical analysis, classical assumption test, multiple linear regression, and hypotheses testing. This research used a quantitative research. Through purposive sampling, this research got 65 observations from 13 companies in 5 years which fulfill the criteria. The population of this research is food and beverage companies listed in Indonesia Stock Exchange. The outcomes reveal a value of adjusted R-squared among dependent variable is 6.41%. The variables of exchange rate, debt to equity ratio and return on equity has no partially significant influence on beta stock while current ratio has a significant partially influence in hypotheses testing. Simultaneously, exchange rate, current ratio, debt to equity ratio, and return on equity have no significant influence toward beta stock of food and beverage. Before making investment and operational decision, the investors and companies get the information from the result of this research in analyzing stock risk.