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ABSTRAK
SYUKRIATI. Pengaruh Variabel Makroekonomi terhadap Harga Saham
Perusahaan Subsektor Perkebunan. Dibimbing oleh ABDUL KOHAR IRWANTO
dan YUSRINA PERMANASARI.
Saham subsektor perkebunan dianggap memiliki prospek positif di saat
kurs rupiah melemah terhadap dolar AS. Penelitian ini bertujuan (1) menganalisis
pengaruh variabel makroekonomi terhadapa harga saham, (2) menganalisis
variabel makroekonomi yang paling berpengaruh terhadap harga saham, (3)
menganalisis peramalan harga saham dan variabel makroekonomi selama periode
Januari-Maret 2015 pada perusahaan subsektor perkebunan yang terdaftar dalam
indeks Kompas100 periode Februari 2014-Januari 2015. Metode pengolahan dan
analisis data yang digunakan adalah Analisis Regresi Linier Berganda dan
Analisis Tren. Hasil penelitian menunjukkan bahwa: (1) kurs dan suku bunga SBI
memiliki pengaruh yang positif terhadap harga saham subsektor perkebunan,
sedangkan inflasi memiliki pengaruh yang negatif terhadap harga saham subsektor
perkebunan; (2) kurs merupakan variabel makroekonomi yang paling berpengaruh
terhadap harga saham subsektor perkebunan; (3) Harga saham subsektor
perkebunan, suku bunga SBI, tingkat inflasi, dan kurs dolar AS terhadap rupiah
diprediksi akan terus naik pada periode Januari-Maret 2015.
Kata kunci: harga saham, inflasi, kurs, subsektor perkebunan, suku bunga SBI.

ABSTRACT
SYUKRIATI. The impact of Macroeconomic Variables to the Stock Price of
Plantation Subsector Companies. Supervised by ABDUL KOHAR IRWANTO
and YUSRINA PERMANASARI.
The stock price of plantation subsector seems attractive because of its
positive prospect while the rupiah exchange rate becomes low against US Dollar.
The purposes of this study are (1) to analyze the impact of macroeconomic
variables to the stock price, (2) to analyze one of macroeconomic variables which
has the most significant impact to the stock price, (3) to analyze the future stock
price and some macroeconomic variables movements during the period of
January-March 2015 at Plantation Subsector Company which listed on
Kompas100 Index (period February 2014-January 2015). The statistical methods
used for data processing and analyzing are Multiple Linear Regression Analysis
and Trend Analysis. The result of the study are: (1) the exchange rate and SBI rate
have positive impact to the stock price, while inflation has negative impact to the
stock price; (2) as a macroeconomic variable, exchange rate has the most
significance impact to the stock price; (3) stock price, SBI rate, inflation, and US
Dollar to rupiah rate are predicted will be increasing continuously during the
period of January-March 2015.
Keywords: exchange rate, inflation, plantation subsector, SBI rate, stock price.