fundamental management journal
Vol. 7 No. 1p (2022): ISSN: 2540-9816 (print) Volume:7 No.1 April 2022

THE EFFECT OF INTEREST RATE, INFLATION, EXCHANGE RATE, GROSS DOMESTIC PRODUCT, DOW JONES INDEX AND COVID-19 ON COMPOSITE STOCK PRICE INDEX IN INDONESIA STOCK EXCHANGE PERIOD OF 2015-2020

Ratnaningrum anstratna@gmail.com (Unknown)
Hutapea, Ganda T. (Unknown)
Malau , Melinda (Unknown)



Article Info

Publish Date
24 Apr 2022

Abstract

This study aims to determine the effect of BI interest rates, inflation, Rupiah exchange rate against US dollar, GDP growth, Dow Jones Index and Covid-19 as Dummy variable on the composite stock price index during the 2015-2020 period. Data analysis with SPSS using descriptive statistics, classical assumption, multiple linear regression test and hypothesis test using t-test, F-test, and determination of R2. The results showed that BI interest rates and inflation have no effect on the composite stock price index. Rupiah exchange rate against the US dollar have a negative and significant effect on the composite stock price index. GDP growth and Dow Jones Index have a positive and significant effect on composite stock price index. Covid-19 as a dummy variable significantly affecting composite stock price index during the 2015-2020 period.Keywords : Composite Stock Price Index, Interest Rates, Inflation, Exchange Rate, Gross Domestic Product (GDP), Dow Jones Index, Dummy Covid-19

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Journal Info

Abbrev

jm

Publisher

Subject

Social Sciences

Description

The Fundamental Management Journal provides a valuable outlet for basic research on management and economic-orientated themes and topics. It publishes articles of a multi-disciplinary and interdisciplinary nature as well as empirical research from within traditional disciplines and managerial ...