Published: 2025-08-01

Pengaruh Suku Bunga dan Nilai Tukar Terhadap Harga Saham Dengan Profitabilitas Sebagai Variabel Moderasi Pada Perusahaan Pertambangan 2021-2023

DOI: 10.35870/jemsi.v11i4.4452

Assyifa Putri Nuraini, Amanah Hijriah, Rudy Kurniawan
  • Assyifa Putri Nuraini: Universitas Tanjungpura
  • Amanah Hijriah: Universitas Tanjungpura
  • Rudy Kurniawan: Universitas Tanjungpura
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Abstract

The purpose of this study was to determine how the effect of interest rates and exchange rates on stock prices with profitability represented by RoE (Return on Equity) as a moderating variable in mining companies. Quantitative method is the method used in this research. The object of research is mining companies for the period 2021-2023 and obtained a sample using purposive sampling method of 38 companies. From the results of data processing using SPSS 25 in the partial test (t test) found that the interest rate and exchange rate variables had no effect on stock prices. In the Moderated Regression Analysis (MRA) test, it was found that RoE weakened the relationship between interest rates and stock prices. Meanwhile, RoE strengthens the relationship between exchange rates and stock prices. Suggestions for future researchers are expected to use or add more relevant economic factors to test their influence on stock prices and increase the research period. 

Keywords

Interest Rate; Exchange Rate; Stock Price; ROE

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Nuraini, A. P., Hijriah, A., & Kurniawan, R. (2025). Pengaruh Suku Bunga dan Nilai Tukar Terhadap Harga Saham Dengan Profitabilitas Sebagai Variabel Moderasi Pada Perusahaan Pertambangan 2021-2023. JEMSI (Jurnal Ekonomi, Manajemen, Dan Akuntansi), 11(4), 2625-2635. https://doi.org/10.35870/jemsi.v11i4.4452
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This article has been peer-reviewed and published in the JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi). The content is available under the terms of the Creative Commons Attribution 4.0 International License.

  • Issue: Vol. 11 No. 4 (2025)

  • Section: Articles

  • Published: 2025-08-01

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Author Biographies
Assyifa Putri Nuraini, Universitas Tanjungpura
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Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Tanjungpura.

Amanah Hijriah, Universitas Tanjungpura
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Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Tanjungpura.

Rudy Kurniawan, Universitas Tanjungpura
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Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Tanjungpura.

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