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The Impact of Macroeconomic Factors on Firms Profitability (Evidence From Fast Moving Consumer Good Firms Listed on Indonesian Stock Exchange)

The performance of a business could not be separated from the influence of
macroeconomic factors. Global economic crisis occurred in 1998, 2008, and 2015 had a
significant impact on the performance of all business sectors. The main purpose of this study is
to determine the influence of macroeconomic factors which are: inflation rate, unemployment
level, Gross Domestic Product (GDP), and exchange rate on firm profitability which is reflected
by Return on Asset (ROA) ratio. This study uses macroeconomic factors as independent
variables, and ROA ratio as dependent variable. Using multiple regression method, the four
macro-economic factors and ROA ratio from fast moving consumer good firms listed on
Indonesia Stock Exchange (IDX) are tested over the period of 1998-2016 on yearly base. As a
result, it is found that all independent variables have influence on ROA ratio (firm profitability)
and partial t-test result showed that only Gross Domestic Product (GDP) level has influenced
significantly on firm profitability, while other three macroeconomic factors have no significant
influence.

Ketersediaan

Informasi Detail

Judul Seri

ACADEMY OF ACCOUNTING AND FINANCIAL STUDIES JOURNAL; Vol.23, Issue 1, 2019.

No. Panggil

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Penerbit

: Allied Business Academies., 2019

Deskripsi Fisik

p. 1-6

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

EXCHANGE RATE
INFLATION
RETURN ON ASSET
UNEMPLOYMENT RATE
GROSS DOMECTIC PRODUCT

Info Detail Spesifik

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Pernyataan Tanggungjawab

Vera Intanie Dewi, Catharina Tan Lian Soei, Felisca Oriana Surjoko

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