The purpose of this study was to determine the effect of macroeconomic variables using inflation, exchange rates, BI Rate, GDP and economic growth on stock returns in the property and real estate sector listed on the IDX for the period 2013-2017. The method used purposive sampling so that the sample of this study is 27 companies. The research method in this study uses quantitative methods with analysis using regression analysis methods and data processed using eviews10. The results of the study show that there is a simultaneous influence between inflation, exchange rates, BI Rate, GDP and economic growth on stock returns. While partially, the BI rate and GDP have a significant positive effect on stock returns. Suggestion of research is for the next researcher can use the company in other industries as a comparison material and or can add research variables that influence stock returns. As for investors, if they are going to invest in property and real estate sectors, investors should pay attention to the macroeconomic conditions that affect stocks. The suggestion for the government is that the government always controls macroeconomic variables because this affects stock returns.
Volume 11 | 03-Special Issue
Pages: 1013-1020