期刊名称：E-Jurnal Ekonomi dan Bisnis Universitas Udayana
出版年度：2015
卷号：4
期号：04
语种：English
出版社：E-Jurnal Ekonomi dan Bisnis Universitas Udayana
摘要：Returns and profitability is the target to be achieved by all companies. Many things affect the return of which is the exchange rate. The research is aiming to determine the effect of the exchange rate on stock returns in the stock exchanges of Indonesia hospitality industry with profitability as an intervening variable The population in this research are all the companies in the hospitality industry are listed in the Indonesia Stock Exchange during the period 2012-2013. The data is analyzed by path analysis (path analysis), supported by SPSS version 17.0 The results of this study shows that: (1) exchange rate negative effect on the profitability of return while positive impact on return. (2) the effect of the exchange rate returns through greater profitability than the direct effect of exchange rate on return. Recommended for future research to increase the variables that affect the return and also expand the sample to the research results could be better.
关键词：exchange rate, profitability and stock returns
