THE FUNDAMENTAL EFFECT OF MACROECONOMIC ON THE STOCK PRICE OF THE BANKING SECTOR IN INDONESIA

Wastam Wahyu Hidayat, Universitas Bhayangkara Jakarta Raya, Jakarta, Indonesia

Published in

JOURNAL OF INTERNATIONAL BUSINESS AND ECONOMICS
Volume 18, Issue 4, p31-36, December 2018

ABSTRACT

This research aims to find out whether there is influence of interest rates, rupiah / US dollar exchange rate and inflation on banking stock prices, banking data population listed on the Indonesia Stock Exchange in 2011-2016. To determine the effect of independent variables on the dependent variable, this study uses multiple linear regression analysis with Statistical Package for the Social Sciences version 20. The results show that: The interest rate is partially unreachable to the disclosure of banking stock prices, because siq is 0.885> 0.05. Rupiah / US.Dolar exchange rate partially has a positive and significant effect on banking stock prices, because Siq, 0.000 <0.05 and Inflation partially has no effect on banking stock prices, because Siq, 0.555> 0.05. Simultaneously all independent variables affect the banking stock price, by 8.60%, while 91.40% is influenced by other factors.

Keywords

Interest Rate, Exchange Rate, Inflation and Share Prices


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