E-Jurnal Akuntansi
Vol. 33 No. 4 (2023)

Exchange Rate, Inflation and Stock Return with Type of Industry as Moderating Variable

Gede Made Ananda Cipta Nugraha (Faculty of Economics and Business, Udayana University, Indonesia)
Dewa Gede Wirama (Faculty of Economics and Business, Udayana University, 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

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Journal Info

Abbrev

akuntansi

Publisher

Subject

Economics, Econometrics & Finance

Description

E-JURNAL AKUNTANSI (EJA) E-Jurnal Akuntansi [e-ISSN 2302-8556] is an electronic scientific journal published online once a month. E-journal aims to improve the quality of science and channel the interest of sharing and dissemination of knowledge for scholars, students, practitioners, and the ...