Hidayat, Rohmat, Sukoharsono, Eko G., Handayani, Siti Ragil and Rern, Jay Hung (2015) The influence of macroeconomies on indonesian stock market index with exchange rate as intermediate variable. Jurnal Bisnis dan Manajemen, 2 (2). ISSN 1829-7528

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Abstract

Indonesia has an improvement in economy at last previous years. Indonesia gets any prestise in economy performance, such as include in G20. Many economic factor as gross domestic product (GDP), interest rate, world oil price and world gold price influence on exchange rate and stock market price. The indicators of increasing economy can be looked at the stock market price and also the stability of the exchange rate. The data analysis uses path analysis and the exchange rate become intermediate variable. The analysis using AMOS software and Sobel calculator to figure out the result. Those foreign factor has negative effect because both of them are the commodity from Indonesia. If their price goes up, the revenue for Indonesia also increase and make the exchange rate appreciate. The variables of economic growth and world oil price have positive significant effect to the stock market price. The variable of world gold price has no significant effect to stock market price and has negative relationship, because the gold is the other investment object beside stock market.

Item Type:	Article
Uncontrolled Keywords:	Macroeconomy, stock price, gross domestic product, exchange rate, interest rate, world oil price, world gold price.
Divisions:	Fakultas Ilmu Sosial dan Politik > S1 Administrasi Bisnis
Depositing User:	Surya Dannie
Date Deposited:	20 Jan 2022 03:45
Last Modified:	20 Jan 2022 03:45
URI:	https://eprints.unmer.ac.id/id/eprint/2118

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