Faktor-Faktor Yang Mempengaruhi Return Saham Dengan Dimoderasi Inflasi Dan Suku Bunga

The purpose of this study is to obtain empirical evidence about the effect of profitability, liquidity and leverage on the stock return with/without the moderating variable which are inflation and interest rate on the mining firms listed on the Indonesia Stock Exchange during 2014-2019 period. The research design used to test the relashionships between the independent variable, dependent variable and whether the moderating variable will strengthen or weaken is descriptive study with a purposive sampling method, amounted to 27 companies with a total of 162 data than can be use. Furthermore, the hypothesis testing is done by panel data regression model with a software application called EViews 11 Lite. The results show that there’s a positive and significant effect on the impact of profitability to stock return, there’s no significant effect on the impact of liquidity to stock return, there’s a negative and significant effect on the impact of leverage to stock return, inflation will weaken the impact of profitability to stock return and interest will strengthen the impact of leverage to stock return.