Melola Discovery

← Melola Discovery

Open access Journal

Influence of Macroeconomics Factors, Profitability, and Stock Trading Volume on Stock Prices in The Years 2019-2021

APTISI Transactions on Management (ATM) · Vol. 8 No. 1 (2023) · pp. 14–23

DOI
10.33050/atm.v8i1.2165
ISSN
2622-6804, 2622-6812
Published
2023-12-06
Publisher
Pandawan
Language
en
License
creativecommons.org/licenses/by-sa/4.0

Abstract

The Covid-19 pandemic, which struck Indonesia in March 2020, impacted various sectors, including the capital market. The capital market, which primarily served as a source of funding for investors, was also affected. This research was designed to examine the impact of economic elements on the share prices of manufacturing sectors amidst the Covid-19. The aspects under examination encompassed exchange rate, inflation, probability, and stock trading volume. This research employed data from all total of 171 manufacturing industry firms listed on the Indonesia Stock Exchange (IDX) over the period from 2019 to 2021. The research method used is a quantitative method. The total sampling technique used resulted in a sample of 59 (fifty-nine) companies that met the research criteria. The method of data analysis employed is panel data regression analysis, utilizing the Random Effect Model (REM) estimation, which is tested using Eviews 12. The findings indicate that profitability significantly influences stock prices, while exchange rate, inflation and stock trading volume do not have a significant effect on the stock prices of manufacturing companies during 2019-2021. Based on the simultaneous test result obtained, exchange rate, inflation, profitability, and stock trading volume have a significant effect on stock prices.

Keywords

Collaboration network of the authors

10 authors · 20 co-authorship links

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Hansel Angga WinataAffiliation unknown1
Ade SuryandaAffiliation unknown1
Eka Putri AzraiAffiliation unknown1
Daniar Setyo RiniAffiliation unknown1
Naurah ApridaAffiliation unknown1
Lita IzzatunnisaAffiliation unknown1
Acep MuslimAffiliation unknown1
Dadan SuherdianaAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://ijc.ilearning.co/ATM/oai, first harvested 6 Nov 2026, last seen 8 Nov 2026.
Original metadata (oai_dc) 
<oai_dc:dc xmlns="http://www.openarchives.org/OAI/2.0/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/  http://www.openarchives.org/OAI/2.0/oai_dc.xsd">
	<dc:title xml:lang="en">Influence of Macroeconomics Factors, Profitability, and Stock Trading Volume on Stock Prices in The Years 2019-2021</dc:title>
	<dc:creator xml:lang="en">Anisa Fitriani</dc:creator>
	<dc:creator xml:lang="en">Febryanti Simon</dc:creator>
	<dc:creator xml:lang="id">Anisa Fitriani</dc:creator>
	<dc:subject xml:lang="en">Stock Price</dc:subject>
	<dc:subject xml:lang="en">Exchange Rate </dc:subject>
	<dc:subject xml:lang="en">Inflation </dc:subject>
	<dc:subject xml:lang="en">Profitability </dc:subject>
	<dc:subject xml:lang="en">Stock Trading Volume</dc:subject>
	<dc:description xml:lang="en">The Covid-19 pandemic, which struck Indonesia in March 2020, impacted various sectors, including the capital market. The capital market, which primarily served as a source of funding for investors, was also affected. This research was designed to examine the impact of economic elements on the share prices of manufacturing sectors amidst the Covid-19. The aspects under examination&amp;nbsp; encompassed exchange rate, inflation, probability, and stock trading volume. This research employed data from all total of 171 manufacturing industry firms listed &amp;nbsp;on the Indonesia Stock Exchange (IDX) over the period from 2019 to 2021 . The research method used is a quantitative method. The total sampling technique used resulted in a sample of 59 (fifty-nine) companies that met the research criteria. The method of data analysis employed is panel data regression analysis, utilizing the Random Effect Model (REM) estimation, which is tested using Eviews 12. The findings indicate that profitability significantly influences stock prices, while exchange rate, inflation and stock trading volume do not have a significant effect on the stock prices of manufacturing companies during 2019-2021. Based on the simultaneous test result obtained, exchange rate, inflation, profitability, and stock trading volume have a significant effect on stock prices. &amp;nbsp;
&amp;nbsp;</dc:description>
	<dc:publisher xml:lang="en">Pandawan</dc:publisher>
	<dc:date>2023-12-06</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://ijc.ilearning.co/ATM/article/view/2165</dc:identifier>
	<dc:identifier>10.33050/atm.v8i1.2165</dc:identifier>
	<dc:source xml:lang="en">APTISI Transactions on Management (ATM); Vol. 8 No. 1 (2024): January; 14-23</dc:source>
	<dc:source xml:lang="id">APTISI Transactions on Management (ATM); Vol 8 No 1 (2024): January; 14-23</dc:source>
	<dc:source>2622-6804</dc:source>
	<dc:source>2622-6812</dc:source>
	<dc:source>10.33050/atm.v8i1</dc:source>
	<dc:language>en</dc:language>
	<dc:relation>https://ijc.ilearning.co/ATM/article/view/2165/790</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2024 Anisa Fitriani, Febryanti Simon (Author)</dc:rights>
	<dc:rights xml:lang="en">http://creativecommons.org/licenses/by-sa/4.0</dc:rights>
</oai_dc:dc>