The effect of interest rates exchange rates and capital structure on share prices in tourism sub-sector companies

Authors

  • Sekolastika Sekolastika Universitas Tanjungpura, Indonesia
  • Giriati Giriati Universitas Tanjungpura, Indonesia
  • Wenny Pebrianti Universitas Tanjungpura, Indonesia
  • Mustarudin Mustarudin Universitas Tanjungpura, Indonesia
  • Rizani Ramadhan Universitas Tanjungpura, Indonesia

DOI:

https://doi.org/10.35335/ijafibs.v11i3.163

Keywords:

Capital structure, Exchange rates, Interest rates, Share price, Tourism

Abstract

This research aims to assess the impact of interest rates, exchange rates, and capital structure as measured by debt-equity ratio (DER) on the share prices of tourism subsector companies listed on the Indonesia Stock Exchange between 2018 and 2022. This investigation employs quantitative research methodology. This study uses secondary data from financial reports of tourism subsector companies registered on the IDX between 2008 and 2022. The sample used is nine tourism subsector companies. In this investigation, sampling was carried out using purposive sampling. Using the SPSS 26 analysis tool, the multiple linear regression statistical method was applied to the research data. It was discovered in this investigation that Interest rates have a partial positively and significant impact on stock prices. The exchange rate partially has a negative and insignificant impact on share prices, and capital structure (DER) partial positively and significant impact on share prices of tourism subsector companies partially from 2018 to 2022. In addition, it is known that variables such as interest rates, exchange rates, and capital structure (DER) simultaneously influence the share prices of tourism subsector companies from 2018 to 2022

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Published

2023-12-30

How to Cite

Sekolastika, S., Giriati, G., Pebrianti, W. ., Mustarudin, M., & Rizani Ramadhan. (2023). The effect of interest rates exchange rates and capital structure on share prices in tourism sub-sector companies. International Journal of Applied Finance and Business Studies, 11(3), 773–781. https://doi.org/10.35335/ijafibs.v11i3.163

Issue

Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies

Section

Articles

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Copyright (c) 2023 International Journal of Applied Finance and Business Studies

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