Journal of Business Economics and Management
Vol. 2 No. 3 (2026): Januari - Maret

Dampak Tingkat Suku Bunga Dan Inflasi Terhadap Harga Saham Melalui Keputusan Investasi Sebagai Variabel Moderasi Pada Perusahaan Sektor Properti Di Bei Periode 2020-2024

Utami, Jesica Neldi (Unknown)
., Elfiswandi (Unknown)
Dewi, Rindy Citra (Unknown)



Article Info

Publish Date
17 Feb 2026

Abstract

This study aims to examine the effect of interest rates and inflation on stock prices, with investment decisions serving as a moderating variable. The independent variables in this study are interest rates and inflation, while the dependent variable is stock prices, and the moderation variable is investment decisions. The research method used is Moderated Regression Analysis (MRA) using EViews 10 software. The results of this study indicate that interest rates have a positive and significant effect on stock prices. Inflation has a positive but insignificant effect on stock prices. The moderating effect of investment decisions on the relationship between interest rates and stock prices is positive and significant. Meanwhile, the moderating effect of investment decisions on the relationship between inflation and stock prices is positive but insignificant. This study has implications for investors in making investment decisions in the Indonesian capital market, particularly the stock market.

Copyrights © 2026






Journal Info

Abbrev

jbem

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Business Economics and Management (E-ISSN : 3063-8968) published by Global Sciences Publishers. The Journal of Business Economics and Management provides a forum for Students and Lecturers to explore issues and reflect on quantitative research. Journal of Business Economics and Management ...