Analysis Factors Affecting Indonesia Stock Market (Case Studies on Consumer Goods Index)

Vietha Devia Sagita Sumantri ()
Additional contact information
Vietha Devia Sagita Sumantri: Huazhong University of Science and Technology

ACTA VSFS, 2020, vol. 14, issue 1, 10-23

Abstract: This study aims to examine the effect of exchange rate and inflation on the stock market. The exchange rate used is the Rupiah against the US Dollar and the Consumer Price Index as a measure of inflation. While the sector used as a stock market case study is the Consumer Goods Index Sector. The study period during 2010–2017. The method used multiple linear regression with R software. The classic assumption test results show the existence of autocorrelation problems, but can be correcting by the Cochrane-Orcutt method on Eviews after 8 model iterations. The results of multiple linear regression tests showed that the exchange rate has a significant negative effect, while inflation has no significant effect on the Consumer Goods Index.

Keywords: exchange rate; inflation; stock market; consumer goods index (search for similar items in EconPapers)
JEL-codes: E22 E31 E44 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.vsfs.cz/periodika/acta-2020-1-01.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prf:journl:v:14:y:2020:i:1:p:10-23

Access Statistics for this article

More articles in ACTA VSFS from University of Finance and Administration Contact information at EDIRC.
Bibliographic data for series maintained by Magdalena Šebková ().