Jurnal Manajemen dan Kewirausahaan
Vol. 20 No. 2 (2018): SEPTEMBER 2018

THE INFLUENCE OF INFLATION RATE, BI RATE, AND EXCHANGE RATE CHANGES TO THE FINANCIAL SECTOR STOCK PRICE INDEX RETURN IN THE INDONESIAN STOCK MARKET

Yunita Yunita (Faculty of Economics and Business Satya Wacana Christian University Salatiga 50711, Indonesia)
Robiyanto Robiyanto (Faculty of Economics and Business Satya Wacana Christian University Salatiga 50711, Indonesia)

Article Info

Publish Date
01 Oct 2018

Abstract

The objective of this study is to find out how macroeconomic factors such as exchange rate changes, BI rate and inflation rate can affect the financial sector stock price index in IDX from 2011 until 2017. Generalize Autoregressive Conditional Heteroscedasticity (GARCH) is used as the analysis method in this research to find the fittest model. The results are, only exchange rate change that has significant effect to financial sector stock price index. Inflation and BI rate have no significant effect to financial sector stock price index.

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Journal Info
Jurnal Manajemen dan Kewirausahaan
Website

Abbrev

man

Publisher

Universitas Kristen Petra Surabaya

Subject

Economics, Econometrics & Finance

Description

Jurnal Manajemen dan Kewirausahaan or Journal of Management and Entrepreneurship is published biannually, in March and September, by Petra Christian University. JMK aims to promote recent research results on Management and or Entrepreneurship, publish only research results on Management, such as ...