IDEAS home Printed from https://ideas.repec.org/a/apn/agregt/v7y2023i1p50-70id10054.html
   My bibliography  Save this article

The Impact of Macroeconomic Fundamental Policies on The Composite Stock Price Index

Author

Listed:
  • Zhafa Nadhilla
  • Sriyono Sriyono

Abstract

This study aims to test the purpose of this study, namely to determine the effect of Gross Domestic Product, Inflation, Interest Rates and Rupiah Exchange Rate on the Composite Stock Price Index.This type of research uses quantitative methods and using secondary data. The data used in this study are time series of Gross Domestic Product, Inflation, Interest Rates, Rupiah Exchange Rate and JCI during the 2011-2020 period. Sampling from this study used the saturated sample method from the monthly data of each variable for 10 years, so that 120 samples were obtained. This research uses multiple linear analysis techniques with the application of eviews 9. The results of this study show that the Gross Domestic Product variable has a positive and significant influence on the JCI, the Inflation variable has a positive and significant influence on the JCI, the Interest Rate variable does not have a significant influence on the JCI and the Rupiah Exchange Rate variable has a negative and significant influence on the JCI.

Suggested Citation

  • Zhafa Nadhilla & Sriyono Sriyono, 2023. "The Impact of Macroeconomic Fundamental Policies on The Composite Stock Price Index," Agregat: Jurnal Ekonomi dan Bisnis, Universitas Muhammadiyah Prof. DR HAMKA., vol. 7(1), pages 50-70.
    • Handle: RePEc:apn:agregt:v:7:y:2023:i:1:p:50-70:id:10054
    as

    Download full text from publisher

    File URL: https://journal.uhamka.ac.id/index.php/agregat/article/view/10054
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:apn:agregt:v:7:y:2023:i:1:p:50-70:id:10054. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Susilo (email available below). General contact details of provider: https://journal.uhamka.ac.id/index.php/agregat/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.