Klabat Accounting Review
Vol 3 No 2 (2022): Klabat Accounting Review

MACROECONOMICS FACTOR: THE IMPACT ON STOCK PRICE INDEX

Genesis Sembiring Depari (Universitas Pelita Harapan, Kampus Medan)



Article Info

Publish Date
30 Sep 2022

Abstract

The objective of this study is to determine the link between macroeconomic variables and JCI, STI, and KLSE which are the stock price indexes of Indonesia, Singapore, and Malaysia stock price indexes. Multiple linear regression is used to investigate the influence of four macroeconomic factors on the stock market composite index, namely GDP growth, broad money (money supply), inflation, and interest rate spread. The finding indicates that inflation has a negative effect, while interest rate spread positively affecting the stock price Indexes. Investors may profit from this situation by purchasing blue chips when inflation and interest rates are rising. Keywords: GDP growth, inflation, interest rate spread, money supply, stock price indexes

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Journal Info

Abbrev

kar

Publisher

Subject

Economics, Econometrics & Finance

Description

The journal publishes research from various topics in accounting and finance, including but is not limited to the following topics: • Financial Accounting • Public Sector Accounting • Management Accounting • Islamic Accounting and Financial Management • Auditing • Corporate Governance ...