Pengaruh Perubahan Nilai Tukar Rupiah, Inflasi, Dan Pertumbuhan Ekonomi Terhadap Harga Saham
Keywords:
Economic Growth (GDP), Inflation, Prices Share, Rupiah Exchange RateAbstract
This study aims to examine the effect of changes in the rupiah Exchange Rate, inflation, and economic growth on stock prices. Stock prices are influenced by macroeconomic and microeconomic factors. This study uses macroeconomic factors, namely the rupiah Exchange Rate, inflation, and economic growth (GDP) partially or simultaneously stock prices. This type of research is quantitative research and the data used are secondary data. The population of this study are manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange (IDX) for the 2016-2020 period. The sampling technique was done by Purposive Sampling technique. Based on the predetermined criteria, a sample of 30 companies was obtained and 150 observations were obtained. Data analysis in this study used panel data regression analysis. Based on data analysis conducted by panel data regression analysis, the results show that partially the rupiah Exchange Rate and inflation have no significant effect on stock prices, while economic growth (GDP) has a significant effect on stock prices. And simultaneously the rupiah Exchange Rate, inflation, and economic growth have a significant effect on stock prices simultaneously.
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