THE EFFECT OF INFLATION, INTEREST RATES, EXCHANGE RATES, AND MONEY IN CIRCULATION ON STOCK RETURNS IN COMPANIES LISTED IN INDONESIA STOCK EXCHANGE

RUBBY, MELINDA DIAPAN (2023) THE EFFECT OF INFLATION, INTEREST RATES, EXCHANGE RATES, AND MONEY IN CIRCULATION ON STOCK RETURNS IN COMPANIES LISTED IN INDONESIA STOCK EXCHANGE. Other thesis, Politeknik Negri Sriwijaya.

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Abstract

Many factors influence the returns of Indonesian firm stocks. Macroeconomic considerations influence changes in the country's capital markets. The purpose of this study is to examine the macroeconomic factors that influence of stock returns. This study specifically investigates the influence of inflation, interest rates, exchange rates, and money in circulation on stock returns, partially and simultaneously. In this study, the population consists of all data on the value of inflation, the rate of interest, the exchange rate, money in circulation, and stock returns on IDX30 index firms from January 2014 to December 2022. This is quantitative research that used the purposive sampling approach to obtain a sample of 26 firm from January 2014 to December 2022. This study's data sources are secondary data. The analytical method employs multiple linear regression. The collected data was analyses using EViews 12. Based on data analysis carried out using panel data regression analysis, it shows that the independent variables inflation, interest rates, and exchange rates have a significant effect on stock returns on the IDX30 index for the 2014– 2022 period, both partially and simultaneously.

Item Type: Thesis (Other)
Uncontrolled Keywords: Inflation, interest rate, exchange rate, money in circulation, stock return.
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Divisions: Accounting > Undergraduate Theses
Depositing User: Mr Bambang Anthony
Date Deposited: 29 Jun 2024 03:09
Last Modified: 29 Jun 2024 03:09
URI: http://eprints.polsri.ac.id/id/eprint/15180

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