Studi Ekonomi dan Kebijakan Publik
Vol. 2 No. 1 (2023): Juli

Pengaruh Inflasi, Nilai Tukar, Suku Bunga dan Produk Domestik Bruto terhadap Return Saham pada Perusahaan Manufaktur

Rini Hastuti (Universitas Palangka Raya, Kalimantan Tengah)
Irawan Irawan (Universitas Palangka Raya, Kalimantan Tengah)
Alexandra Hukom (Universitas Palangka Raya, Kalimantan Tengah)



Article Info

Publish Date
03 Jul 2023

Abstract

Purpose: To find out whether the Gross Domestic Product, the exchange rate, and the interest rate of the Gross Domestic Product together affect the stock returns of manufacturing companies. Methodology: This study uses quantitative methods and secondary data. The scope of this research relates to data on manufacturing companies listed on the Indonesia Stock Exchange in 2017 - 2019. Results: The results of multiple linear regression analysis show that GDP growth, inflation, interest rates, and the Indonesian rupiah exchange rate have an influence on stock returns on the Indonesia Stock Exchange. On the other hand, some exchange rates have a negative effect on stock returns. In addition, inflation also has a large partial negative effect on stock returns, but interest rates have a partially positive effect on stock returns. Limitations: Only tested 4-factor variables that affect stock returns in a certain period. Contribution: It is hoped that this research can be useful for investors who will invest in certain manufacturing business sectors to be more careful in paying attention to various factors that affect stock returns.

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Journal Info

Abbrev

sekp

Publisher

Subject

Economics, Econometrics & Finance Education Social Sciences

Description

Studi Ekonomi dan Kebijakan Publik adalah jurnal ilmiah yang mempublikasikan artikel ilmiah yang mengangkat topik ekonomi dan kebijakan publik serta topik-topik terkait. Naskah yang dikirimkan ke Studi Ekonomi dan Kebijakan Publik akan direview dengan metode double-blind peer review oleh mitra ...