Journal of Applied Management Research
Vol. 5 No. 1 (2025)

The Influence of Macroeconomic Factors on The Indonesia Stock Price Index at Consumer Goods Sectors

Syakira, Anindya Alya (Unknown)
Kassim, Aza Azlina Md (Unknown)
binti Mohd Tarmizi, Raudhah (Unknown)



Article Info

Publish Date
29 Jun 2025

Abstract

The capital market has a tremendous role in supporting the economic cycle since it can match individuals who have more money and those who need it. The capital market can be used as an investing-absorbing instrument and as tool to strengthen the financial position. In actuality, the capital market has taken a place as a financial nerve on the contemporary global economy. The purpose of this study is to determine the macroeconomic factors on The Indonesia Stock Price Index at sub-sector cosmetic and household industry. Specifically, this study aims to investigate the effect of inflation, BI rate, exchange rate, gold prices, and economic growth on The Indonesia Stock Price Index sub-sector cosmetic and household industry for the period of 2019-2021. As for methodology, secondary data was collected from the official website of The Indonesia Stock Exchange, Bank Indonesia official website, and the financial services authority which processed through the SPSS application. By using a multiple regression analysis tool, the data was processed. The findings revealed that inflation, BI rate, and gold prices have a significant impact while exchange rate and economic growth do not have a significant impact on The Indonesia Stock Price Index sub-sector cosmetic and household industry. This study also includes a discussion, limitations, recommendations, and conclusions.

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Journal Info

Abbrev

jamr

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Industrial & Manufacturing Engineering

Description

Journal of Applied Management Research is an electronic journal that focuses on the study of applied management. Topics published in this journal may pay attention, but are not limited to: Applied management study, including marketing management, human resource management, financial management, and ...