THE EFFECT OF MACROECONOMIC VARIABLES ON BANKING STOCK PRICE INDEX IN INDONESIA STOCK EXCHANGE
Stock price index can be regarded as a barometer in the measuremet of a nation’s economic condition, besides it can also be used in conducting statistical analysis on the current market. Stock is the proof of one’s share in a company in the form of securities issued by the listed go-public companies...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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iVolga Press
2018-01-01
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| Series: | Russian Journal of Agricultural and Socio-Economic Sciences |
| Subjects: | |
| Online Access: | https://rjoas.com/issue-2018-01/article_20.pdf |
| _version_ | 1797717928278228992 |
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| author | Laduna R. Sun’an M. |
| author_facet | Laduna R. Sun’an M. |
| author_sort | Laduna R. |
| collection | DOAJ |
| description | Stock price index can be regarded as a barometer in the measuremet of a nation’s economic condition, besides it can also be used in conducting statistical analysis on the current market. Stock is the proof of one’s share in a company in the form of securities issued by the listed go-public companies. This study was conducted to measure the effect of macroeconomic variables such as inflation, interest rate, and exchange rate on banking stock price index in Indonesia stock exchange or Bursa Efek Indonesia (BEI). The results of study show that inflation and exchange rate posively influence the stock price index. The positive effect of the exchange rate shows that issuers who were positively affected by Rupiah (IDR) depreciation appear to be the most dominant group. Meanwhile, the interest rate or Suku Bunga (SBI) has a negative effect. Lower interest rate stimulates higher investments and better economic activities which increase the stock price. |
| first_indexed | 2024-03-12T08:43:33Z |
| format | Article |
| id | doaj.art-19964798735f4f41965c289ff291d13c |
| institution | Directory Open Access Journal |
| issn | 2226-1184 |
| language | English |
| last_indexed | 2024-03-12T08:43:33Z |
| publishDate | 2018-01-01 |
| publisher | iVolga Press |
| record_format | Article |
| series | Russian Journal of Agricultural and Socio-Economic Sciences |
| spelling | doaj.art-19964798735f4f41965c289ff291d13c2023-09-02T16:32:49ZengiVolga PressRussian Journal of Agricultural and Socio-Economic Sciences2226-11842018-01-0173115516210.18551/rjoas.2018-01.20THE EFFECT OF MACROECONOMIC VARIABLES ON BANKING STOCK PRICE INDEX IN INDONESIA STOCK EXCHANGELaduna R.0Sun’an M.1Faculty of Economics, University of TernateFaculty of Economics, University of TernateStock price index can be regarded as a barometer in the measuremet of a nation’s economic condition, besides it can also be used in conducting statistical analysis on the current market. Stock is the proof of one’s share in a company in the form of securities issued by the listed go-public companies. This study was conducted to measure the effect of macroeconomic variables such as inflation, interest rate, and exchange rate on banking stock price index in Indonesia stock exchange or Bursa Efek Indonesia (BEI). The results of study show that inflation and exchange rate posively influence the stock price index. The positive effect of the exchange rate shows that issuers who were positively affected by Rupiah (IDR) depreciation appear to be the most dominant group. Meanwhile, the interest rate or Suku Bunga (SBI) has a negative effect. Lower interest rate stimulates higher investments and better economic activities which increase the stock price.https://rjoas.com/issue-2018-01/article_20.pdfInflationexchange rateinterest ratebankingstock price index |
| spellingShingle | Laduna R. Sun’an M. THE EFFECT OF MACROECONOMIC VARIABLES ON BANKING STOCK PRICE INDEX IN INDONESIA STOCK EXCHANGE Russian Journal of Agricultural and Socio-Economic Sciences Inflation exchange rate interest rate banking stock price index |
| title | THE EFFECT OF MACROECONOMIC VARIABLES ON BANKING STOCK PRICE INDEX IN INDONESIA STOCK EXCHANGE |
| title_full | THE EFFECT OF MACROECONOMIC VARIABLES ON BANKING STOCK PRICE INDEX IN INDONESIA STOCK EXCHANGE |
| title_fullStr | THE EFFECT OF MACROECONOMIC VARIABLES ON BANKING STOCK PRICE INDEX IN INDONESIA STOCK EXCHANGE |
| title_full_unstemmed | THE EFFECT OF MACROECONOMIC VARIABLES ON BANKING STOCK PRICE INDEX IN INDONESIA STOCK EXCHANGE |
| title_short | THE EFFECT OF MACROECONOMIC VARIABLES ON BANKING STOCK PRICE INDEX IN INDONESIA STOCK EXCHANGE |
| title_sort | effect of macroeconomic variables on banking stock price index in indonesia stock exchange |
| topic | Inflation exchange rate interest rate banking stock price index |
| url | https://rjoas.com/issue-2018-01/article_20.pdf |
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