PENGARUH NILAI TUKAR DAN STRUKTUR MODAL TERHADAP RETURN SAHAM DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN PERTAMBANGAN YANG TERDAFTAR DI BEI

Abstract

ABSTRACT

This study aims to examine and analyze the effect of exchange rates and capital structure on stock returns with profitability as an intervening variable on mining companies listed on the Stock Exchange in 2013-2018. This research was conducted with a quantitative approach. The population in this study is the mining companies listed on the Stock Exchange in total 42 companies. The sampling technique in this study uses a non probability sampling method that is a purposive sampling technique so that the number of samples obtained in this study was 28 mining companies. The analytical method used in this study was path analysis. Based on the results of the analysis conducted, the profitability variable is not able to mediate the relationship between exchange rates and stock returns and the relationship between capital structure and stock returns.

Keywords: Stock returns, exchange rates, capital structure, profitability.