Vol 8 (2023): June (in progress)
Business and Economics

The Effect of Inflation, Interest Rates and Exchange Rates on the Composite Stock Price Index (CSPI) for the 2017-2021 Period
Pengaruh Inflasi, Tingkat Suku Bunga dan Kurs Terhadap Indeks Harga Saham Gabungan (IHSG) Periode Tahun 2017-2021


Tasya May Fatmala
Universitas Muhammadiyah Sidoarjo, Indonesia
Misti Hariasih
Universitas Muhammadiyah Sidoarjo, Indonesia *

(*) Corresponding Author
Published June 26, 2023
Keywords
  • Composite Stock Price Index,
  • Inflation,
  • Interest Rates,
  • Exchange Rates
How to Cite
Fatmala, T. M., & Hariasih, M. (2023). The Effect of Inflation, Interest Rates and Exchange Rates on the Composite Stock Price Index (CSPI) for the 2017-2021 Period. Academia Open, 8, 10.21070/acopen.8.2023.3963. https://doi.org/10.21070/acopen.8.2023.3963

Abstract

This research aims to prove the efect of inflation, Interest rates and Exchange rates on the Composite Index. This type of research uses quntitative methods and used secondary data from inflation, interest rates, exchange rates and the JCI during the 2017-2021 period. Sampling from the study used the saturated sample method from monthly data for each variable for 5 years, so that 60 sample were obtained. This research uses is multiple linier regression analysis using eviews 9. The result of this study show that partially inflation has a positive but not significant effect on the JCI, Interest rates have a positive and significant effect on the JCI, Exchange rates have a negative and significant effect on the JCI and Ssimultaneusly Inflation, Interest rates and Exchange Raates affect the JCI.

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