| Summary: | The research focuses on a phenomenon of decreased stock prices for construction and building subsectors in the Indonesian Stock Exchange during the development of infrastructures by the government. It analyzes the impact of financial performances and macroeconomics towards the stock returns of construction and building subsectors in the Indonesian Stock Exchange, using the data panel regression. The variables of Debt to Equity Ratio (DER), Return On Equity (ROE), Price Book Value (PBV), inflation rates and government policies affect the stock returns of construction and building subsector significantly, while the Current Ratio (CR), Total Asset Turn Over (TAT), and Price to Earning Ratio (PER) do not have significants impacts towards the stock returns.
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