@thesis{thesis, author={Ginting Argia Sinarta}, title ={The impact of macroeconomics on stock performance with moderating variable of Covid-19 on healthcare companies listed on Indonesia stock exchange 2018-2021}, year={2023}, url={https://repository.ipmi.ac.id/1850/}, abstract={COVID-19 causes massive distraction in global economy, especially on healthcare sector which is directly impacted by Covid-19. Based on previous research, there has been several studies regarding this matter, but on different industries. Therefore, this study aimed to analyse and evaluate the effect of fundamental factors on stock performance in healthcare companies for period 2018-2021 listed on Indonesia stock exchange. This study used macroeconomic factor as independent variables, stock returns as the dependent variable, and COVID-19 as the moderating variable, there this study using secondary data from six (6) companies quarterly report which consist of ninety-six (92) samples. The data collected in this study is processed with panel data regression using eviews 12 software. The study result found that there is no difference on stock return between the period, stock risk is higher during COVID 19 period. And stock return is affected by macroeconomics factor which is inflation rate and exchange rate. Meanwhile COVID-19 moderate the effect of inflation rate and exchange rate. Therefore, this study encourage manager to consider inflation and exchange rate as the more dominant factor when investing in healthcare companies before and during pandemic.} }