PERAN PROFITABILITAS DALAM MEMEDIASI PENGARUH INFLASI DAN STRUKTUR MODAL TERHADAP HARGA SAHAM

Abstrak

This study aims to examine and analyze the direct effect, indirect influence and total influence between inflation and capital structure on stock prices through return on assets (ROA). The sample of this study is the coal sub-sector mining company for the period 2013-2017 using the census sampling method. There are 17 companies that meet the criteria as research samples. The analysis technique in this study is path analysis. Data collection is done by non-participant observation method, namely through financial report data published on the website www.idx.co.id and inflation data on the website www.bi.go.id. Based on the results of this study indicate that inflation and capital structure have a negative and significant effect on ROA and stock prices, ROA has a positive and significant effect on stock prices. The results of the sobel test show that ROA is able to significantly mediate the effect of inflation and capital structure on stock prices.