Analysis of Inflation, Interest Rates, and Current Ratio to Systematic Risk in BUMN companies listed on the Indonesia Stock Exchange
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Abstract
Investors will consider many factors in investing in stocks, one systematic risk is reflected in the value of the beta coefficient. Beta shows the volatility of stock returns to market returns. The purpose of this study is to determine the effect of inflation, interest rates, and current ratios on the systematic risk of state-owned companies listed on the IDX in the 2014-2019 period. This type of research is descriptive verification. The method used is panel data analysis with the Common Effect method. The results of this study indicate that inflation, interest rates have a significant effect on systematic risk, and the current ratio has no significant effect on systematic risk.
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