E-JURNAL AKUNTANSI
Vol 33 No 4 (2023)

Nilai Tukar, Inflasi dan Return Saham dengan Jenis Industri sebagai Variabel Pemoderasi

Gede Made Ananda Cipta Nugraha (Fakultas Ekonomi dan Bisnis Universitas Udayana, Indonesia)
Dewa Gede Wirama (Fakultas Ekonomi dan Bisnis Universitas Udayana, Indonesia)



Article Info

Publish Date
30 Apr 2023

Abstract

Stock returns are the results obtained by investors from investment activities and rewards for their courage in taking the risk of investing in stocks in the capital market. The research objective is to determine the effect of exchange rates and inflation on stock returns with the type of industry as a moderating variable. The research was conducted in all companies listed on the Indonesia Stock Exchange during the 2016-2020 period. The number of samples taken was 226 companies using proportionate stratified random sampling technique. The analysis technique used is moderation regression analysis. The results showed that the exchange rate and inflation had a negative effect on stock returns. The impact of the weakening exchange rate and rising inflation on stock returns is stronger in the financial industry. Keywords: Exchange Rate; Inflation; Stock Return; Industry Type

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Journal Info

Abbrev

akuntansi

Publisher

Subject

Economics, Econometrics & Finance

Description

E-Jurnal Akuntansi covered various research approaches, namely: quantitative, qualitative and mixed-method. E-Jurnal Akuntansi focuses related on various themes, topics and aspects of accounting and investment, including (but not limited) to the following topics: Financial Accounting Managerial ...